Nationwide Signs President for Two of its Broker-Dealers
Nationwide Financial Network (NFN) has named Michael Hamilton as President of two of its broker-dealers, 1717 Capital Management Company and Nationwide Securities Inc.
Deals & People
BISYS and Pentegra Retirement Services to Bring Open Architecture to Advisers
Recordkeeper and plan administrator BISYS Retirement Services and Pentegra Retirement Services, a retirement plan provider, are collaborating to distribute BISYS’s LinkInsight open architecture investment platform to financial advisers.
New Venture for 3 Mark Financial Clients and Symetra Wealth Mgt.
Financial advisers affiliated with 3 Mark Financial will now have access to Symetra Life Insurance Co.’s wealth management product, which helps high net worth clients transfer their assets.
PNC Adds Genworth Annuity
PNC Institutional Investments has added Genworth’s ClearCourse group variable annuity as a 401(k) option on PNC’s platform.
Fidelity Taps Lawson as President of FMR Corp.
Fidelity Investments announced on Monday that it had tapped Rodger A. Lawson as president of FMR Corp., Fidelity's holding company.
Morgan Stanley Adds Transamerica to List of 401(k) Providers
Transamerica Retirement Services has been added to Morgan Stanley’s roster of 401(k) providers.
CAPTRUST Snaps Up Raleigh Advisory Firm
CAPTRUST didn't have to look far for its latest acquisition.
Goldman Taps Peter Scaturro to Lead Global Private Wealth Operation
Goldman Sachs Group Inc. has hired former U.S. Trust Chief Executive Peter Scaturro, 47, as the global head of its private wealth management business.
BISYS Acquires Frontier Trust Company
BISYS Retirement Services has acquired Fargo, North Dakota-based Frontier Trust Company from AXA Financial, Inc.
New COO/CFO for MassMutual Retirement Income
MassMutual Retirement Income (MMRI) has tapped Douglas. G. Russell, 47, as senior vice president, chief operating officer (COO) and chief financial officer (CFO).
Standard Picks Up TPA, Investment Adviser
Standard Retirement Services, Inc. has agreed to acquire the assets of Portland, Oregon based third-party retirement plan administrators DPA, Inc., and its associated investment adviser business, MasterPlan Advisors,...
Hemingway to Head Aon Retirement Practice
Aon Consulting has tapped Cecil Hemingway to head its retirement practice operations.
Security Benefit Reaches Deal to Acquire Rydex
Security Benefit on Thursday announced the signing of a definitive purchase agreement to acquire Rydex Investments.
Principal Buys Morley Financial
Principal Global Investors, LLC has announced a definitive agreement to acquire Morley Financial Services, Inc., a stable value asset manager with over $14.0 billion in institutional assets under...
UBS Launches New DC Initiatives
UBS Global Asset Management today announced the formation of the Defined Contribution and Retirement Solutions Group, established to help today’s defined contribution plans better meet the needs of...
BlackRock to Acquire Fund of Funds Manager
BlackRock, Inc. has entered into an agreement under which it will acquire the fund of funds business of Quellos Group, LLC for up to $1.7 billion.
Nuveen Investments to be Purchased by Private Equity Group
Nuveen Investments has agreed to be acquired by an investor group majority-led by Chicago-based Madison Dearborn Partners, LLC (MDP).
Clark Strategic Advisors Renamed as Stratford Advisory Group
Chicago-based investment consulting firm Clark Strategic Advisors, Inc. (“CSA″) has become Stratford Advisory Group, Inc.
New Provider of Small and Mid-Size Retirement Plans Created
Aurora, Illinois-based Sikich LLP has announced the formation of a new subsidiary, Sikich Retirement Plan Services LLC.
Ceridian Reconsiders Acquisition
Ceridian Corp., which last month agreed to be bought by private equity firm Thomas H. Lee Partners and Fidelity National Financial Inc., said on Wednesday it would be...