Vanguard Short-Term Treasury ETF - VGSH STOCK NEWS

Angeles Wealth Management has appointed Edward Lowndes as Chief Operating Officer and Chief Compliance Officer, enhancing its operational capabilities. Lowndes brings over 25 years of experience in financial services, previously serving as COO at First Foundation Advisors. His role will focus on optimizing the firm’s wealth management platform for ultra-high-net-worth families.

Under Lowndes, Angeles Wealth aims to build on its growth trajectory, having seen a 40% increase in annualized assets over the past five years, even as equity markets declined by 20% in 2022.

The global asset management market is projected to reach USD 3,677.39 billion by 2030, growing at a CAGR of 34.7% from 2023 to 2030, according to Grand View Research, Inc. Key drivers include an increase in High-Net-Worth Individuals (HNWIs), government incentives for retirement plans, and expanding Sovereign Wealth Funds (SWFs). Technological advancements, particularly in IoT and AI, are essential for market growth, helping to optimize asset management and reduce operational costs. The report highlights the significant growth expected in segments such as strategic asset management and support services, driven by the rising demand for efficient asset utilization.

The global mutual funds market is projected to grow by USD 71.62 trillion between 2022 and 2027, accelerating at a CAGR of 9.76%. The market was valued at USD 80.60 trillion in 2017. Major growth drivers include increased liquidity, with mutual funds offering quick and efficient asset transactions. North America is expected to dominate, accounting for 52% of the market growth, driven by robust trading activities and cost-sensitive investors. Key challenges include transaction risks arising from currency fluctuations. Significant vendors include BlackRock, Franklin Templeton, and Vanguard.

The global mutual funds market is projected to expand significantly, with a growth of USD 71.62 trillion from 2022 to 2027, reflecting a CAGR of 9.76%. North America is anticipated to contribute 52% to this growth, fueled by continuous trading activities and a robust equity market presence. The liquidity of mutual funds supports investor flexibility, while the increasing asset size in developing nations highlights a promising trend. However, transaction risks pose challenges that could impede market growth.

Academy Asset Management has announced a new cohort of clients, including Eli Lilly, Paramount Global, and Comcast, marking a significant milestone on Veterans Day. This veteran-owned asset manager aims to support military veterans in asset management careers. The firm is led by experienced professionals like Chief Investment Officer Seth Rosenthal, who managed over $100 billion in assets. Academy Asset Management focuses on community impact, assisting veterans with employment and other initiatives, making it the first institutional asset manager of its kind in the U.S.

Academy Asset Management has launched as the first institutional asset manager fully owned by military veterans. This SEC Registered Investment Advisor focuses on fixed income funds and separately managed accounts, utilizing a client-centric approach. Academy Securities, also a veteran-owned firm, will exclusively distribute its services. The firm aims to provide customized investment solutions while fostering community impact and employment opportunities for veterans. Led by experienced executives including Seth Rosenthal, former Head of Bank Portfolio Management at Northern Trust, the firm emphasizes its commitment to social responsibility.

Lido Advisors has appointed Walker Williams as Managing Director for the Mountain West region, aiming to bolster its presence among high-net-worth individuals. Williams, previously with Bernstein Private Wealth Management, brings extensive experience from the private wealth management sector. His role will focus on executing innovative strategies that combine investment management with advanced tax and estate planning. Lido's approach emphasizes outcome-based investment management, offering access to various investment solutions and a family office experience.

The NEO Exchange has welcomed Vanguard Investments Canada Inc. as it migrates three bond index ETFs from the Toronto Stock Exchange to NEO. The ETFs include Vanguard U.S. Aggregate Bond Index ETF (NEO:VBU), Vanguard Global ex-U.S. Aggregate Bond Index ETF (NEO:VBG), and Vanguard Global Aggregate Bond Index ETF (NEO:VGAB), all CAD-hedged.

This transition marks Vanguard as the 22nd fund manufacturer on NEO, enhancing service diversification for investors and financial advisors. Vanguard manages CAD 48 billion in assets, primarily in ETFs, while NEO has over 230 unique listings in the Canadian ETF market.

The Financial Marketing Institute has released its annual rankings for the best financial services companies in digital experience for 2021, evaluating over 100 firms across various verticals based on AUM.

JPMorgan Chase and Stifel Financial led the rankings in their respective categories, while Bank of America and USAA emerged as top performers in multiple sectors. The evaluation assesses companies on Social Media, Mobile, Website, and Customer Experience, utilizing proprietary models to gauge performance.