American Funds Introduces Multi-fund RK Tool
AmericanFunds rolled out a multi-fund version of its Recordkeeper Direct tool, with the goal of providing advisers more investment and pricing flexibility.
Tag: Recordkeepers
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Group Think
About six months after my first daughter was born, I quite literally bumped into a mother with two preschoolers in tow in our parking garage.
MassMutual Picks Up The Hartford’s Retirement Plans Business
Massachusetts Mutual Life Insurance Company has agreed to purchase The Hartford’s retirement plans business for $400 million.
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Guiding Plan Sponsors
How recordkeepers and advisers can work together to form a “dream team”
SPARK Helps with Multivendor 403(b) Disclosures
The SPARK Institute created an Investment Provider Information Form for Multivendor 403(b) Plan Participant Disclosure.
SunGuard Adds Mobile App to Relius Administration Suite
SunGuard launched a mobile browser option for its Relius Administration Web suite of products.
Putnam Plans Addition of R Share Classes
Putnam Investments plans to offer two new share classes to qualified retirement plans.
BCG Partners With IPA Northeast
Benefit Consultants Group (BCG) will be assuming the daily valuation retirement plan clients from IPA Northeast (IPA).
Retirement Revolution Names Northeast Sales Leader
The recordkeeper and custodial service provider Retirement Revolution named Gary Crane business development officer for the northeast.
CEFEX Expands Assessment Guidelines to Meet Fee Disclosures
The Centre for Fiduciary Excellence (CEFEX) will expand its assessment guidelines for retirement plan sponsors, financial advisers and recordkeepers.
Large Plans Account for $3 Trillion in DC Assets
Large plans make up a significant majority of defined contribution (DC) assets.
BofA Launches Small-Business 401(k)
Bank of America introduced a 401(k) solution from Merrill Edge designed for small businesses.
TDFs See Significant Growth in 401(k)s
Assets in target-date funds (TDFs) grew to $380 billion by year-end 2011 and are targeted to reach $1.1 trillion in 2016.
Firms Launch Portfolio Unitization Service
Folio Institutional and unitZXchange LLC launched a portfolio unitization service.
Putnam Grows Adviser-Focused Sales Team
Putnam Investments has added three to its adviser-focused defined contribution sales team, and says more hires are to come.
Advisers Not Keeping Pace with Small-Market Needs
Although advisers have a higher approval rating than recordkeeper relationship managers among mid-market plan sponsors, they have been struggling to keep pace in the small-market, according to Richard Schroder, President...
Marcks Discusses Pru Retirement Changes
The realignment of the company’s business into three business lines is an “evolution of the previous structure,” said Christine Marcks, president of Prudential Retirement.
Prudential Retirement Reorganizes
Prudential Retirement has reorganized its business to integrate its product, service and operations teams into three business lines.