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.
Deals & People
JPMorgan Funds has hired David Musto, formerly of Prudential Retirement, as Managing Director of its Retirement and Defined Contribution Investment Only (DC/IO) business and Glenn Dial, formerly of the Princeton Retirement Group, as a Senior Retirement Sales Specialist.
AllianceBernstein Institutional Investments announced Tuesday that Sharon French has been named as managing director of defined contribution business development and client relations.
BISYS Fund Services has tapped Joseph Mrak as senior vice president and general manager for its managed account outsourcing business, WealthSolutions.
M Benefit Solutions - Bank Strategies has added Corrigan&Company to its lineup of Community Bank Advisor Firms.
The investment management arm of State Street Global Corporation is rebranding its exchange-traded funds (ETFs), ending the streetTRACKS label and consolidating under the SPDR brand, in an effort to bring more clarity to investors.
Teresa Mullett Ressel has been appointed as the new Chief Executive Officer of UBS Securities LLC, the US broker-dealer unit of UBS Group Americas, the company announced today.
Ann Combs, who helped shape national pension and employee benefit policy during five years as head of the Employee Benefits Security Administration (EBSA), will be taking a new strategy development post at The Vanguard Group in February.
Benefits Advisory Group (BAG) has been purchased by Sitzmann Morris&Lavis (SML), an independent based insurance advisory firm in Oakland, California.
Marsh&McLennan has agreed to sell its money-management unit for $3.9 billion to holding company Power Corp. of Canada, sources told the Wall Street Journal.
Consolidation in the retirement services industry continued Friday with the announcement that the Charles Schwab Corporation will buy The 401(k) Company from Nationwide Financial Services.
Franklin Templeton Investments said Thursday that it hired Lincoln Baca to lead its Registered Investment Advisor (RIA) division.
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.