MFS Investment Management (MFS) completed the formation of a business development office for the defined contribution investment only (DCIO) marketplace, the company said.
Bank of America today announced that Bob McCann, currently vice chairman and president of Global Wealth Management at Merrill Lynch, will be head of the combined financial adviser...
Nick C. Thakore and Robert D. Ewing will join Putnam Investments as managing directors and portfolio managers of the firm’s Large Cap Equities Team, the company said.
PenChecks Inc., a provider of qualified plan distribution services, will integrate Wealth Management System Inc.’s IRA rollover services with BenePay, PenChecks’ online distribution processing platform.
Bank of America announced its plans to raise capital by selling stock and slashing dividend payments, after reporting third quarter results of $1.18 billion, down from $3.7 billion...
American International Group (AIG), which has three broker/dealer subsidiaries, is looking for ways to unload business units in a quest to pay back the federal government.
National Investment Managers (NIVM)., a retirement plan administration and investment management company, closed on the acquisition of Pension Technical Services, a third-party administrator (TPA).
Bank of America announced that John Thain, chairman and CEO of Merrill Lynch, will become president of Global Banking, Securities, and Wealth Management in the merged company.