Deals & People

Lincoln Taps Two for Adviser Recruiting Arm

Lincoln Financial Network, the retail distribution division of Lincoln Financial Group, has tapped Dee Morgan and David Taksen for its financial planner/adviser recruiting group.

Salient Joins Fidelity’s Ring of RIAs

Salient Wealth Management LLC will now be included in Fidelity Investments’ Wealth Advisor Solutions, which gives customers of the financial services firm the opportunity to build relationships with Fidelity’s network of registered investment advisers.

RolloverSystems Snags NRP Contract

California-based National Retirement Partners Inc (NRP) has signed RolloverSystems to help with its asset-retention and rollover strategy.

VisionLink Joins M Financial Group

California-based VisionLink Corporate Insurance Services, LLC (VCIS) has become a member firm of M Financial Group, a network of independent insurance, investment, and executive benefit firms.

ISS to Acquire Investment Scorecard, Expand Wealth Management Services

Informa Investment Solutions, Inc. (IIS) is set to expand its wealth management services with the acquisition of Investment Scorecard, a company that provides fully outsourced, integrated client reporting and wealth analytics solutions for the wealth management industry.

Mercer to Offer Participants Access to WMSI for Rollovers

Mercer HR Services has announced it will use the technology of Wealth Management Systems, Inc. (WMSI) to enable former retirement plan participants to easily rollover assets into an Individual Retirement Account (IRA).

State Street Reshuffles Financial Intermediary Division

The investment management arm of State Street Corporation is making some changes to the structure of its financial intermediary group, which was created in 2001 to service investors such as financial advisers, broker-dealers, registered investment advisers (RIAs), and family offices.

ING Launches Custom 401k Coach Program

The program, offered in conjunction with The 401k Coach, is designed to help advisers grow and more effectively manage their retirement plan business.

NRP Acquires Ohio B/D

National Retirement Partners, Inc. (NRP), announced its acquisition of Bryan, Ohio-based broker/dealer Oberlin Financial Corp.

S&P Sells Fund Data Biz to Morningstar

Standard&Poor's is selling its mutual fund data business to Morningstar, including mutual fund data on performance, rankings and holdings on more than 135,000 funds in over 30 countries, as well as desktop applications and data feed products, for $55 million in cash.

Bettinger to be Schwab President

Charles Schwab Corp. has tapped Walt Bettinger II, head of its investor services unit, as president and chief operating officer.

AIG SunAmerica Partners with TPA PAi

AIG SunAmerica Retirement Markets has announced a partnership with plan administrator PAi, Inc., as part of AIG’s Polaris401 (k) program for small- to medium-sized companies.

XShares Creates ETFs with NY Firm

XShares Advisors LLC has announced its agreement with Elliott Wave International, Inc. (EWI) to create exchange traded funds (ETFs) based on technical methods developed or validated by EWI.

SunGard and WMSI Launch Marketing Alliance

SunGard has announced a joint marketing agreement between its ProNvest and Signix business units with Wealth Management Systems Inc. (WMSI), a provider of technology-based rollover services.

State Street to Buy Investors Financial for $4.5B

Boston-based State Street Corporation announced Monday that it has agreed to buy Investors Financial Services Corporation in a stock transaction worth approximately $4.5 billion.

Invest n Retire Adds PowerShares to Platform

Portland, Oregon-based Invest n Retire will now offer PowerShares exchange-traded funds (ETFs) on its platform for tax-deferred retirement plans, the companies announced yesterday.

Pershing Teams with PriceMetrix, Inc

Pershing LLC has formed an alliance with PriceMetrix Inc. that will help Pershing’s introducing broker-dealer customers better evaluate their businesses and identify growth opportunities.