BNY Mellon Investment Management is to combine its three largest US investment managers in 2018 to create a specialist multi-asset group with $560bn of assets under management (AUM).
The $1.8trn AUM asset manager, which operates a multi-boutique model, will merge US-based Mellon Capital Management (MCM), Standish Mellon Asset Management and The Boston Company Asset Management (TBCAM)...
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More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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