Tampa Fire & Police has used the same investment manager for nearly half a century, eschewing most pensions' investment plan Chris Maddaloni / Contributor This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now A Florida pension has been managed for nearly 50 years by Harold Bowen and then his son, Jay. Unlike most managers, they've avoided private equity and other alternatives, preferring stocks and bonds. Jay Bowen said that unusual...

Lucien Foster is the head of fintech partnerships at BNY Mellon. Hollis Johnson/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now As the 'concept of money' evolves, custodian banks like 234-year-old BNY Mellon are changing in tandem, Lucien Foster, the firm's head of digital partnerships, said in a recent Business Insider interview. The banks used to store gold, money, paper stock certificates, and other...

Marie Chandoha, CEO of Charles Schwab Investment Management, explains why simplicity is the key for investors Charles Schwab Investment Management This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Charles Schwab Investment Management is one of the few major asset managers that doesn't offer an exchange-traded-fund with a strategy that incorporates environmental, social, and governance factors. BlackRock expects the market for ESG...

A Florida wealth-management firm that oversees $2.5 billion hires brokers who've had run-ins with the law or regulators. Some of the brokers reported minor infractions, such as shoplifting as a teenager, while others faced enforcement actions from groups like the Financial Industry Regulatory Authority. The midsize firm's strategy — which industry headhunters say is unique — helps it broaden the talent pool, according to its founder. One would-be broker stole two hot dogs while drunk in...