Victory to Acquire Amundi’s $104B U.S. Division
The Paris-based asset manager Amundi will cede its U.S. business to Victory in exchange for a 26.1% stake in the...
Tag: DCIO
Vanguard CEO Buckley to Step Down This Year
The asset manager’s board will commence a search among internal and external candidates, while CIO Greg Davis has added the...
401(k) World: DCIO Managers Adjust to Fee Pressures
The fourth story in this PLANADVISER In-Depth series considers how the rise of CITs and passive options have changed retirement...
Bank of America Reports 15% Increase in 401(k)s in 2023
The increase came partly from increased contributions, partly from market gains, which was also noted in separate 401(k) investing research...
Nuts & Bolts: QDIAs
What new advisers need to know about qualified default investment alternatives in retirement plans.
Crossmark’s Doll Named CEO, Keeping CIO Role
Bob Doll, known for his annual market predictions, is adding the CEO and president roles to his position as Mike...
Voya, Goldman Start 2024 With Leadership Moves
Voya promotes Toms to CEO of investment management; Goldman names Wilson to new role heading retirement for asset and wealth...
Market Watchers See Return to ‘Normal’ in ’24
Retirement savings portfolios may see less volatility next year, according to Bank of America, Goldman, LPL and Vanguard.
MFS, Natixis Both Name New CEOs
Philippe Setbon will step into the Natixis job immediately, while Edward Maloney’s promotion at MFS will take effect in 2025.
CITs Surpass Mutual Funds as Preferred Investment Vehicle for DCIOs
Providers of collective investment trusts are expected to target midsize and large DC plans in the coming year.
Q3 Reports Show Growth for Retirement Sector Providers
Fidelity, Principal, T. Rowe Price and other firms with retirement sector business showed improved results compared with last year.
Managed Accounts’ Default Use Limited by Litigation Fears, Fees
Plan advisers continue to pick TDFs in retirement plans, rather than more personalized managed accounts, in part due to legal...
Can ETFs Work in 401(k)s With Mutual Fund Rebranding?
F/m Investments has asked the SEC for the right to classify an ETF series as mutual funds to be accessible...
Vanguard, J.P. Morgan, BlackRock Lead Fund Flows in First Half
Vanguard and BlackRock saw gains from passive mutual fund and ETF management, with JP Morgan gaining on active, according to...
Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say
Proprietary recordkeeper fund options can be worth the fee reduction in investment plans, but they must be looked at carefully,...
John Hancock, Voya Name New Investment Division Leads
Kristie Feinberg will take over as head of Manulife Investment Management in U.S., Europe, and John Hancock Investment Management; Barbara...
Wilmington Trust’s Spun-Off CIT Division Is Now Great Gray Trust
The CIT division purchased by private equity firm Madison Dearborn Partners is now its own entity selling the popular 401(k)...
Designing a Plan Investment Menu in Unprecedented Times
Historic rises in inflation and matching interest rate hikes have meant a heightened focus for the often staid world of...
TDF Assets Fell 14% in ‘22, but Inflows Stayed Strong
While market depreciation drove TDFs off a record '21, inflows stayed strong, according to Morningstar.
Retirement Advisers See Increased Scrutiny on Fees, Services
Requests for proposal from plan sponsors for DC advisory services are on the uptick, according to industry players.