Challenging markets have led to lower assets, sales
The firm also plans to migrate $14 billion of Aligned Capital assets to its in-house custody platform
Shareholders approved plan to spin off asset management business
Strategic revamp delays profitability, carries execution risk
The partnership aims to heat up competition in responsible investment
PMAC found that 19% of member firms are allowing employees to work remotely full time
Morningstar and As You Sow said the category could make ESG fund comparisons more difficult for investors
Total assets down 7.6% from previous quarter, but up 12.2% year over year
Assets under advisement and management dropped nearly 10% from the previous quarter
Northern Trust asked global asset managers what strategies will continue to drive growth in a more challenging environment