Deals & People

Commonwealth Financial Network and 401(k) Producer Services have agreed to an institutional partnership that will provide Commonwealth advisers with access to retirement plan consulting tools and resources.

Institutional investment consulting firm Rogerscasey Inc. has hired Ward Harris as Managing Director, Financial Intermediary Group and T. Patrick Mulvey as Managing Director, Marketing and Business Development.

ExpertPlan, a Princeton, New Jersey-based recordkeeper, is partnering with a payroll provider.

Fidelity Investments named Michael K. Clark, former chief executive officer of JPMorgan’s securities services operation, to head its Institutional Services business.

M&I Investment Management Corp. has appointed Thomas Nolte, formerly of Wells Fargo and Strong Capital Management, as vice president, director of institutional sales.

Record(k)eeper Pro, OppenheimerFunds' retirement program for small- to mid-sized companies in the 401(k) marketplace, has been added to the MLConnect retirement platform at Merrill Lynch.

Christopher Mullahy has joined UBS Global Asset Management's Defined Contribution and Retirement Solutions Group as head of sales.

Wall Street Access will join National Retirement Partners, Inc (NRP), effective October 1, 2007.

AXA Equitable Life Insurance Co. has named William McDermott as Executive Vice President of Corporate Markets, where he will develop retirement solutions for large companies.

The retail sales and financial planning division of Lincoln Financial Group has appointed Christine Baker as Regional Managing Director, Advisor Recruitment, for the Southeast territory.

UBS has opened a Private Wealth Management operation in Chicago, Illinois, its third such office in the U.S.

Thornburg Investment Management has agreed to waive fees and reimburse expenses for the Thornburg Funds’ R class shares.

Bank of America has appointed Bill Carey, formerly of Fidelity Investments, as national executive of Business Retirement Solutions.

Columbia Management has appointed Colin Moore as chief investment officer, expanding his role as head of equity to include responsibility for all investment activities.

The National Association of Personal Financial Advisors (NAPFA) will offer its fee-only members access to institutionally-priced immediate annuities via Hueler Companies’ platform.

Great-West Retirement Services has appointed three regional sales directors to focus on development of new corporate 401(k) business.

Fiduciary360 has announced that founder and former CEO Donald B. Trone will focus his efforts on the now independent Foundation for Fiduciary Studies.

Nationwide has agreed to sell its active asset management business to British fund firm Aberdeen Asset Management.

Pioneer Investments has appointed Ray Dutcher, formerly of MFS Institutional Advisors, as Director of its U.S. Institutional Client Service operation.

National Retirement Partners, LLC (NRP), has entered into a letter of intent for the proposed acquisition of three advisory groups, signaling the start of the next round of...