On the Move

➜ Franklin Resources Inc., which operates as Franklin Templeton, will acquire Legg Mason Inc. It will preserve the autonomy of Legg Mason’s affiliates, ensuring their brands remain unchanged. The acquisition establishes Franklin Templeton as one of the largest global investment managers.

➜ Aon and Willis Towers Watson announced they will merge. The combined company, to be called Aon, will be a technology-enabled global professional services firm focused on risk, retirement and health. John Haley will be executive chairman.

➜  Pete Swisher has launched Waypoint Fiduciary LLC. It will emphasize systems consulting and research for product builders and strategists. Previously, Swisher was senior vice president at Pentegra Retirement Services.

➜ OneAmerica promoted Tammy Rabe to senior director of participant experience. Rabe, in her sixth year with OneAmerica, most recently oversaw its Retirement Market Insights program.

➜  The Charles Schwab Corp. will acquire ­Wasmer, Schroeder & Co. LLC, an independent investment manager of fixed-income separately managed accounts with $10.5 billion in assets under management, adding to Schwab’s current $90 billion in such accounts.

➜ Leafhouse Financial named Chad Brown as its chief operating officer (COO). Brown will lead company alignment and development. He has over 20 years of experience with Nationwide Financial, Transamerica and Ascensus.

➜  Ryan Chieffo has been named director of government and regulatory affairs for Standard Insurance Co. He will maintain a collaborative relationship with regulators and industry and trade associations.

➜ Andrew Junkin, president of Wilshire Consulting since 2015, has resigned, and the company has promoted Jason Schwarz to COO. Schwarz will oversee Wilshire’s analytics, consulting, funds management and private markets.