Deals & People

Ann Arbor-based independent broker/dealer Sigma Financial Corporation says May was the firm’s second straight record month in terms of revenues.

A new organization, called the Council of Independent 401(k) Recordkeepers (CIKR), has formed to educate and advocate on issues of relevance to independent 401(k) plan recordkeepers.

Human resources outsourcer Ceridian Corp., under pressure from an activist hedge fund, agreed to be bought by private equity firm Thomas H. Lee Partners and Fidelity National Financial...

Wachovia and A.G. Edwards announced Thursday that Wachovia will buy A.G. Edwards for $6.8 billion in cash and stock.

Bear Stearns' Investment Advisor Services (IAS) has hired Christian Widen, a managing director with 11 years of financial services experience, to be part of the company’s IAS east...

M Financial Group says that Corrigan&Company has become a Provisional Member Firm.

The Online 401(k) announced partnerships with Back Bay Financial and Tribeca Financial, providing small business clients of these firms access to an independent 401(k) solution, with no hidden...

BenefitStreet Inc. will offer Barclays Global Investors’ iShares exchange-traded funds (ETFs) via a new 401(k) platform.

MassMutual Retirement Services has two new Managing Directors of Institutional Sales, effective May 1.

Morgan Stanley Global Wealth Management Group (GWMG) announced that, this July, Rick Capozzi will join the firm as a Managing Director and National Sales Manager.

Fiserv, Inc. has announced the signing of definitive agreements to sell its Fiserv Investment Support Services (Fiserv ISS) operations in two separate transactions.

JPMorgan Asset Management has tapped John H. Hunt as Chief Executive Officer of JPMorgan Asset Management’s Institutional business in the Americas.

Toledo, Ohio-based Hylant Financial Services is the latest company to become a member firm of National Retirement Partners (NRP).

Scott Wertheim has joined CAPTRUST Financial Advisors as a Vice President, Financial Advisor in New York.

The broker-dealers of ING are lowering the fees that their advisers pay on two core advisory programs.

Three private equity executives have formed a new firm, Leucadia Capital Partners LLC (LCP), to provide customized private equity investment management and advisory services to institutional investors.

HSBC Bank USA N.A. has notified customers that it will cease providing 401(k) services by year's end.

Wilmington Trust Corporation will acquire Bingham Legg Advisers LLC, adding the Boston-based wealth management firm to its network of national Wealth Advisory Services offices.

MBM Advisors, Inc., a Houston-based investment advisory and pension administration and consulting firm, is to be acquired by bank holding company Sterling Bancshares, Inc.

Lincoln Financial Network (LFN) announced that Tammy Robbins has joined the firms’ planner/advisor recruiting group and will serve as Regional Managing Director for the West Coast territory.