Franklin Templeton Investments said Thursday that it hired Lincoln Baca to lead its Registered Investment Advisor (RIA) division.
Deals & People
First Charter Corporation announced on Monday it has sold Southeastern Employee Benefits Services (SEBS), part of the Wealth Management division of First Charter Bank which provides recordkeeping and administrative functions for retirement plans.
U.S. Bank Institutional Trust&Custody has agreed to sell its bundled 401(k) plan business to Great-West Retirement Services, but is keeping its defined benefit business.
Charles Schwab Corporation has announced an agreement to sell U.S. Trust, its wealth management subsidiary, to Bank of America for $3.3 billion in cash.
M Financial Group has announced that Carlson Capital Management has become a Provisional Member Firm.
Barclays Global Investors has tapped Noel Archard has head of Product Development for the US iShares Business.
Barclays Global Investors has tapped Noel Archard has head of Product Development for the U.S. iShares Business.
CAPTRUST Financial Advisors, an investment research and advisory firm, announced they have entered into a letter of intent to acquire substantially all of the assets of Philadelphia-based Plan Advisory Services, Inc.
SunGard announced Thursday that it has acquired Chattanooga-based ProNvest, a provider of managed account services.