U.S. Bank has agreed to purchase PFM Asset Management, which manages $161 billion in assets. Philadelphia-based PFM will continue to operate as a separate entity under U.S. Bancorp Asset Management, which manages $164 billion currently.
The deal is expected to close in the fourth quarter.
Leveraging online trading to bolster financial literacy
Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.