Deals & People

CapTrust Advisors, LLC, has merged with Schott Group Investment Consulting to create what the company says is Florida's largest private investment consulting firm.

The Principal Financial Group has named Michael Driscoll as director-sales, Retirement and Investor Services.

The Online 401(k) added 15 new adviser relationships in the first quarter of 2008.

Kravitz, a consultant in the design, implementation, and management of cash balance pension plans, announced its nationwide expansion with the opening of six satellite offices.

Putnam Investments has named Carroll Shipman as senior vice president, Regional 401(k) Sales Director for the Midwest region.

The Cafaro Group, LLC, a member firm of National Retirement Partners, is now Cafaro Greenleaf.

Mutual of Omaha has revealed plans to double the workforce at its recently acquired Retirement Marketing Solutions (RMS) subsidiary and to open an Omaha office for the new...

AIG Advisor Group has named Noah Sorkin to the newly created position of Senior Vice President and General Counsel.

The Hartford Financial Services Group has announced that The Hartford Lifetime Income will be offered to participants in the company’s 401(k) plan.

Mike Henkel, former President of Ibbotson Associates, has been named Managing Director for Envestnet’s newly-established Retirement Services Group.

Vanguard has added Baillie Gifford Overseas Ltd. as an adviser to two different equity funds.

MFC Global Investment Management (U.S.), LLC announced that Frank Saeli has been named head of U.S. institutional sales and relationship management.

DailyAccess Corporation, a provider of recordkeeping, administration, and consulting services for retirement plans, has tapped Scott Herz as Regional Sales Director for its Midwest region.

PIMCO has chosen the Dow Jones Real Return Target Date Indexes to serve as benchmarks for the PIMCO RealRetirement funds.

Thrivent Financial plans to hire more than 800 financial representatives by the end of 2008 to meet the increasing demand by Americans for a financial road map for...

State Street Corporation has named Scott Powers president and chief executive officer of State Street Global Advisors (SSgA), the company’s investment management arm.

The Newport Group has tapped Donna Haggin as Regional Director, reporting to Newport’s Chief Marketing Officer Tom Pittman.

CAPTRUST Financial Advisors, an independent retirement advisory firm, has completed the acquisition of the retirement plan division of Birmingham, Alabama-based Capital Strategies Advisors Inc.

AIM Investments is now Invesco Aim.

New York Life Insurance Company says that John Y. Kim, 47, will join the company and head its investment management arm, New York Life Investment Management LLC (NYLIM).