(Bloomberg) — BlackRock Inc . unveiled plans for its first mutual fund-to-ETF conversion this week, joining a growing list of asset managers that have made the jump amid a one-way flood of money between the structures. The world's largest asset manager will return more than $700 million BlackRock International Dividend Fund in an exchange-traded fund…

Conventional wisdom suggests that a company's market share predicts its profitability—active investment strategies often use this as a key metric—but empirical research finds that there is actually not much of a relationship between market share and profitability. Verdad's Dan Rasmussen examined all US and Canadian public and private firms with more than $10 million in…

Cresset is adding two San Francisco-based teams with a total of $5 billion in assets managed by JP Morgan Wealth Management. it's the last exit from the bank of former councilors of the First Republic. The teams include three lead advisors and 12 support financial advisors and collectively managed assets for 160 client families. Connected:…

The Carson Group's failure to handle an alleged sexual assault at a conference by an employee of the firm left its former chief marketing officer psychologically scarred, according to a lawsuit filed in Nebraska federal court on Friday. In her complaint, Mary Kate Gulick alleges that the firm did not adequately respond to allegations that…

Berkshire Hathaway, the multinational conglomerate holding company led by Warren Buffett, has long been hailed as a model of successful business management and investment strategy. An integral factor contributing to its triumph is a carefully crafted succession plan that has been in place since at least 2006. That plan, inadvertently revealed by Vice Chairman Charlie…

Ritholtz Wealth Management has opened a new office in the Manhattan Beach neighborhood of Los Angeles. A spokesperson confirmed this was a new office, not an acquisition. The $4 billion AUM firm serves high net worth clients and institutions and now has 11 offices nationwide. Most of them are small shops with one or two…

The Carson Group's failure to handle an alleged sexual assault at a conference by an employee of the firm left its former chief marketing officer psychologically scarred, according to a lawsuit filed in Nebraska federal court on Friday. In her complaint, Mary Kate Gulick alleges that the firm did not adequately respond to allegations that…

Advisers' sentiments about the health of the stock market and the economy remained essentially unchanged during March. Stock market sentiment remained elevated at 122, compared with 123 last month, while advisers rated the economy's health at 110, compared with 109 at the end of March. A response of 100 equals a neutral view. Connected: Advisor…

More than half of the 414 advisers surveyed at the end of 2023 said they were struggling with client acquisition, according to research from Fidelity Institutional. While 42% said marketing and business development were a top priority, there was little agreement on implementing and evaluating different strategies. In response to the data collected, Fidelity has…

Hot on the feet announced one the new position of chief adviserHomrich Berg has added a new role dedicated to identifying and cultivating acquisition opportunities. An investment banking analyst in his early career, Andrew Page spent five years working in direct investments and buyouts for Focus Financial and its partner network, before joining Focus partner…