Deals & People

Alerus Financial will acquire the recordkeeping and advisory operations of the Stanton Group, a Minneapolis-based benefits, compensation and insurance services firm.

Mercer Investment Consulting (Mercer IC) announced that David Eisenberg has joined the firm in a new role as national segment leader - financial intermediaries.

Charles Schwab has announced the hiring of Tony Cox, a new senior executive to help lead the Schwab Corporate&Retirement Services division.

Automated rollover provider Wealth Management Systems Inc. (WMSI) has appointed John Geli as Chief Executive Officer (CEO).

Prudential Financial has tapped Christine C. Marcks as president of Prudential Retirement.

Pentegra Retirement Services will add State Street Global Advisor’s (SSgA) Target Retirement Strategies to its offerings for defined contribution plan participants.

The Principal Financial Group has announced that Cynthia LeMay has joined the company as vice president of consultant relations for Retirement and Investor Services.

One of the women who, it had been predicted, might take over Edward “Ned″ Johnson III’s reins at Fidelity Investments has announced her resignation, leaving behind the hovering...

Bank of America (BoA) announced Tuesday that it had tapped six executives for posts in the leadership team for its new Global Wealth&Investment Management (GWIM) Alternative Investments group.

Three former Nicholas-Applegate portfolio managers have announced the formation of Eudaimonia Asset Management, a majority employee-owned, institutionally-focused investment advisory boutique.

Smith Barney has named Julian Clark, former President and CEO of Mellon Investor Services, as Managing Director of Smith Barney Global Stock Plan Services.

MetLife Resources and MetLife Securities, Inc have entered into a new alliance with ProManage, LLC, a registered investment adviser that specializes in providing managed accounts services for 401(k),...

Great-West Life&Annuity Insurance Co. (GWLA) has agreed to acquire Franklin Templeton Investment’s 401(k) recordkeeping business, the firms announced.

Bank of America has appointed Jeffrey Carney as president, Bank of America Retirement and Global Wealth&Investment Management (GWIM) Client Solutions.

Cogent Research LLC, an evidence-based consultancy, has named financial services veteran Bruce Harrington, previously at MFS Investment Management, as managing director of its wealth management practice.

Genworth Financial, Inc. has named Chris Grady President of its Retirement Income business.

OneAmerica Financial Partners, Inc. purchased a block of 403(b) business from Transamerica Life Insurance Company, increasing the number of plan participants with the Indiana-based company by more than...

Bank of America today announced additional key leadership appointments within the combined U.S. Trust, Bank of America Private Wealth Management organization.

Clearbrook Financial, LLC, has named John Galvin, formerly of UBS Wealth Management, as president of its advisory arm, Clearbrook Advisors.

State Street Global Advisors (SSgA) has made two new appointments to its Intermediary Business Group, which serves financial advisers, broker-dealers, and registered investment advisers.