Deals & People

Insurance brokerage firm USI Holdings Corporation, will offer expanded services to companies in the Northwest U.S. by combining the operations of two of its subsidiaries, Kibble & Prentice...

Invesco Ltd. has entered into a definitive agreement to acquire Morgan Stanley’s retail asset management business, including Van Kampen Investments. 

The Online 401(k), a San Francisco-based provider of full-service Web-based 401(k) plans for small and single-proprietor businesses, expanded its payroll reach in Q3.

New York Life Investments plans to hire three new vice presidents and one internal sales representative for its defined contribution investment-only (DCIO) team in the next month or...

VALIC has been chosen by the University of North Texas (UNT) and Texas Woman’s University (TWU) as a 403(b) plan provider.

CAPTRUST Financial Advisors said that the principals of The Jones Blair Group of Wells Fargo Advisors will be joining the firm’s Charlotte, North Carolina, office.

First Mercantile Trust Company, a member of the MassMutual Financial Group, has found a new CIO. 

Envestnet has brought aboard James Patrick, former co-head of U.S. Distribution for Allianz Global Investors, to head Envestnet’s managed account program.

Putnam Investments has announced two senior appointments within its Global Distribution team.

Citi announced that financial advisers at Citibank branches will no longer provide commission-based transactions.

Invesco has named K. Stuart Peskin as managing director for client service within its Institutional Sales and Client Service team.

VALIC has been retained by Anne Arundel County (Maryland) Public Schools (AACPS) and the Iowa Department of Administrative Services (DAS) as a 403(b) and 457(b) plan provider.

Great-West Retirement Services announced that Fairfax County Public Schools (FCPS) in Virginia has hired it as one of the school system’s three 403(b) plan providers, serving 6,000 employees.

Bank of America (BofA) said it is re-launching the Merrill Lynch brand with a new marketing campaign.

Invesco has emerged in the lead to acquire the mutual fund business from Morgan Stanley’s Van Kampen, according to The Wall Street Journal.

The Wiley Group ended a long relationship with Morgan Stanley Smith Barney to form a fully independent registered investment adviser.

BPAS, a national provider of administration, clearing, and custodial services, announced an addition to its sales team based in the Midwest.

The Newport Group has appointed Dennis Sain as senior vice president, Qualified Retirement Services.

The NFL Players Association announced it has partnered with Financial Finesse, a provider of financial education programs, to launch a program that gives NFL players the financial guidance...

Kenneth D. Lewis, Bank of America Corp. CEO and president, announced he will resign by year-end.