Deals & People

The board of directors at AllianceBernstein Holding L.P. has named Peter S. Kraus Chairman and Chief Executive Officer.

Stanford Financial Group announced the formation of Stanford Institutional Consulting, a new business group within its global network of financial services companies.

Great-West Retirement Services has appointed Jason Fewell and Rob Hamilton as regional sales directors for its 401(k) business.

MassMutual announced E. Heather Smiley will be vice president, marketing communications, in its Retirement Services Division.

RESOURCES for Retirement, a retirement plan advisory and consulting firm, said it brought on Kristen Maldonado as an adviser.

HighTower says it is the first adviser-owned, nationally branded, fiduciary financial services firm dedicated to serving high net worth investors.

New York Life Retirement Plan Services, a division of New York Life Investment Management LLC, announced the expansion of its West coast presence with the hiring of two...

Vision Capital Advisors, L.L.C., a New York-based registered investment advisory firm, said that Andrew Lutz has joined the firm as Managing Director, effective immediately.

Merrill Lynch&Co., Inc., announced that its acquisition by Bank of America (BoA) has been approved.

Aon Consulting Worldwide, the global human capital consulting organization of Aon Corporation, appointed Matt Smith as senior vice president and leader of the defined contribution practice in the...

ING Group announced a reshuffling of its U.S. Wealth Management unit that, among other things, separates annuities from retirement services and includes the departure of the unit’s chief...

MassMutual’s Retirement Services Division announced two sales appointments.

Citigroup Global Wealth Management combined its retirement units into one group, which its Managing Director Anne Greenwood said will be more focused on holistic planning and collaboration among...

Newark-based insurance company Prudential Financial today said it plans to sell its minority stake in Wachovia Securities to Wells Fargo.

Nationwide Financial Services, Inc. has selected Cain Hayes to lead its bundled retirement plan services.

Lincoln Financial Group announced that Tom McGirr has joined the company as head of IRA Strategies, Retirement Solutions.

PlanSource said it will now be able to manage a broker’s entire book of business under one solution.

The Depository Trust&Clearing Corporation (DTCC) said FolioDynamix, a provider of technology platforms and services to the managed accounts industry, has joined DTCC’s Managed Accounts Service.

Putnam Investments President and CEO Robert Reynolds continues to bring in former Fidelity Investments executives.

Securian Financial Group acquired Capital Financial Group, Inc. (CFG) and its broker/dealer affiliate, H. Beck.