Deals & People

Larger, more established firms are acquiring wealth management and RIA firms.

QMA appoints new head of U.S. consultant relations; ABG expands to Midwest with Retirement Plan Consultants; The Wagner Law Group...

Unified Trust joins EdgeCo; Putnam Investments CIO announces plans to retire in 2021; Marathon Asset Management hires senior high-yield portfolio...

The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.

The transaction will increase Empower’s participant base to more than 12.2 million people and its retirement services recordkeeping assets to approximately $834 billion administered in approximately 67,000 workplace...

Securian Financial hires regional sales VP; Robeco adds to supervisory board; IRS names associate chief counsel for EEE; and more.

Retirement Services Group Joins LaSalle St.; DWS appoints client coverage leader; and Innovest selects new VPs for retirement practices.

LeafHouse announces marketing and communications VP; Aegon AM selects global product head; Compass Advisors joins Vanguard’s Elite Advisor Program; and...

Hall Benefits Law announces changes to ERISA team and BNY Mellon elects governance expert to Board of Directors.

Industry executives also say that valuations for strong companies are holding steady, even as the pandemic raises broader economic challenges.

The number of deals and client assets under management in June and July were the highest since Fidelity began tracking such data in 2016.

Principal Financial Group acquired Wells Fargo’s institutional retirement and trust businesses in July 2019 and aims to complete the integration...

CAPTRUST selects VP and institutional financial adviser; Insight Investment adds leaders to North American practice; NFP acquires multidisciplinary insurance broker;...

Lockton brings in senior adviser; Qontigo selects multi-asset solutions head; Franklin Templeton appoints head of U.S. distribution; and more.

Tiedemann Advisors selects Family Governance head; Mutual of Omaha promotes national 401(k) sales director; Tech and client services head joins...

Two deals, by Morgan Stanley and Franklin Templeton, stand out, according to PwC.

Crossroads Financial Services joins LPL RIA platform; Alliance acquires recordkeeping and HR consultant; Resources Investment Advisors adds MPRA to list...

Vanguard says the partnership enables it to modernize its core recordkeeping platform and move faster on redesigning its participant experience.

Fidelity finds June’s merger and acquisition activity represented over four-times more assets than the deals completed throughout March, April and May.

Aegon Asset Management names consultant relations leader; Pentegra announces new additions to sales force; ISS ESG selects global research leader;...