Asset Management

Goldman Sachs Names 638 Managing Directors For 2025

By Amit Chowdhry ● Today at 9:55 AM

Goldman Sachs announced that 638 employees across 54 offices have been appointed to the role of managing director, effective January 1, 2026. The announcement reflects one of the firm’s largest classes of managing director promotions to date and reinforces the company’s continued emphasis on leadership development and client service excellence across its global operations.

FIS Launches Asset Servicing Management Suite To Streamline Operations

By Amit Chowdhry ● Today at 8:52 AM

FIS has launched the FIS Asset Servicing Management Suite, a comprehensive set of automated and integrated solutions designed to improve operational efficiency across the full range of asset servicing activities.

Bimini Capital Management Appoints Ashley Griffith To Board

By Amit Chowdhry ● Today at 8:51 AM

Bimini Capital Management announced the appointment of Ashley B. Griffith as a Class I director, effective November 6, 2025. Griffith fills the board seat previously held by Frank E. Jaumot, who resigned in connection with his retirement after serving as a director since 2009. Jaumot had been involved with the company since its initial capital raise.

Merit Financial Acquires $715 Million Firm Mennenga Tax & Financial

By Amit Chowdhry ● Yesterday at 7:30 PM

Merit Financial Advisors has acquired Mennenga Tax & Financial, adding $715 million in assets and expanding its wealth management and tax planning capabilities for clients. The transaction strengthens Merit's presence in Wisconsin and supports its ongoing strategy of providing comprehensive financial guidance to high-net-worth individuals and families navigating complex financial decisions.

Brookfield Posts Record $30 Billion In Fundraising In Third Quarter

By Amit Chowdhry ● Nov 7, 2025

Brookfield Asset Management reported a record quarter with $30 billion in new capital raised during the period ending September 30, 2025. The firm, which manages more than $1 trillion in assets, stated that the influx of new capital contributed to a rise in fee-bearing assets to approximately $581 billion over the past year. The company announced that fee-related earnings increased to $754 million in the quarter, representing a roughly 17% rise compared to the same period last year.

World Investment Advisors Acquires $140 Million Firm TCG Wealth

By Amit Chowdhry ● Nov 7, 2025

World Investment Advisors has acquired TCG Wealth Management, a Nashua, New Hampshire firm overseeing approximately $140 million in client assets. The firm will join Boston Harbor Wealth Advisors, a branch of World Investment Advisors, expanding the organization’s presence across New England.

Aprio Wealth Management: Eric Flynn Appointed As Chief Wealth Officer

By Amit Chowdhry ● Nov 7, 2025

Aprio announced that Eric Flynn, CFA, CPA, has been named Chief Wealth Officer of Aprio Wealth Management in a newly established leadership role aimed at accelerating the firm’s strategic growth and further integrating its wealth advisory platform. Aprio is currently the 24th largest business advisory and accounting firm in the United States.

Edward Jones Expands Banking Solutions Through U.S. Bank Partnership

By Amit Chowdhry ● Nov 7, 2025

Edward Jones announced that it has reached significant milestones in advancing its banking strategy to provide clients with more comprehensive financial tools. The firm’s progress includes the nationwide rollout of its Edward Jones Everyday Solutions suite in partnership with U.S. Bank, along with continued steps toward establishing the proposed Edward Jones Bank.

Franklin Templeton Signs Partnership With Wand AI To Expand Enterprise Agentic AI Deployment

By Amit Chowdhry ● Nov 7, 2025

Franklin Templeton announced a multi-year strategic partnership with Wand AI to advance the use of agentic artificial intelligence across its global operations. The collaboration formalizes a progression from initial pilot programs to broad enterprise deployment, marking a significant advancement in the application of AI within the asset management sector.