A bidding war for Janus Henderson is no surprise as many asset management firms pursue consolidation in a bid to buttress against outflows.
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Two of Wall Street’s heavy hitters have done a bit of housekeeping in their wealth and asset management units.
Asset managers ranked access to alternative investments as advisors’ top interest. Advisors placed it third to last.
Mid-sized firms are being squeezed by shrinking profit margins and rising technology costs.
The company, whose parent is the personal finance publisher, would add 15 ETFs to its existing line of six.