Deals & People April 15, 2008

Former Ibbotson President to Lead Envestnet’s New Retirement Group

Mike Henkel, former President of Ibbotson Associates, has been named Managing Director for Envestnet’s newly-established Retirement Services Group.
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While Henkel was at Ibbotson Associates, he developed Ibbotson’s 401(k) advice efforts and established the firm as a leading provider in the space. “His knowledge of independent 401(k) advice services will be an incredible asset for Envestnet and our clients as we deliver a series of retirement services this year and in the future,” said Bill Crager, President, Envestnet, in a company announcement.

Henkel was also selected as a delegate to the National Summit on Retirement Savings in 2002. Prior to joining Ibbotson, he worked at a variety of companies including Knight Ridder Financial Publishing, Lotus Development Corporation, and Data Resources Inc.

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Envestnet Asset Management provides wealth management solutions to independent financial advisers.

Products April 15, 2008

UBS Introduces New Fee-Based Adviser DC Offering

UBS Wealth Management Americas has launched its DC Advisory service.
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The offering is a fee-based program allowing UBS Financial Advisers who focus on retirement plans to provide advisory and investment fiduciary services to defined contribution plans.

DC Advisory focuses on three primary needs of DC plan sponsors:

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  • investment consulting,
  • employee education consulting, and
  • program provider search consulting.

“With the increasing focus on fee transparency and fiduciary responsibilities, fee-based plan service arrangements are growing in demand,” said Melissa Cowan, DC Advisory Program Manager, in a company announcement.

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