Leading Asset Managers Make Major Acquisitions Targeting Wealth Channels

Last year, new bank and brokerage combinations emerged and wealth-related fintech investments made frequent headlines. Morgan Stanley purchased E-Trade and Eaton Vance in October; Charles Schwab added TD Ameritrade and Motif Investing’s technology and development staff to their roster; Goldman Sachs acquired Folio Financial’s clearing and custody platform; and BlackRock…