Harkin Replaces Kennedy as HELP Chair
Senator Tom Harkin (D-Iowa) has been named chairman of the Committee on Health, Education, Labor & Pensions (HELP).
Deals & People
ING Names Chief Marketing Officer for Retirement Services Business
ING has named X. Rick Niu chief marketing officer for ING U.S. Retirement Services, effective September 1.
Hartford Forms New Sales Unit for Retirement Area
The Hartford Financial Services Group has formed Hartford Life Distributors (HLD), a combined sales and distribution organization for its investment and retirement products that will focus on working...
M Financial Expands into Canada
M Financial Group today added Ontario, Canada-based Caledonia Planning Group to its network of member firms.
Reliance Trust Establishes Wealth Management Venture in N.C.
Atlanta-based Reliance Trust Company said it has partnered with local business leaders in Wilmington, North Carolina, to form a wealth management firm providing retirement services.
Westrock and Creighton Join Forces in Asset Management
Westrock Asset Management announced the formation of a joint venture with Creighton Capital Management to offer a set of quantitative products to institutions and other qualified investors.
Transamerica IBD Merges with InterSecurities
Los Angeles-based Transamerica Financial Advisors, Inc. (TFA), completed its merger with its affiliate, St. Petersburg, Florida-based InterSecurities, Inc. (ISI).
Westrock to Offer Advisory Services to Native American Tribes
Westrock Group said it is now the first Native American-owned full-service financial services business.
Hewitt Combines Middle-Market Offerings
Hewitt has announced it will combine its mid-market health and welfare outsourcing platform, Core Benefits Administration (CBA), with its existing mid-market retirement solutions.
The Noble Group Brings on New Account Executive
Cheri Payne has joined The Noble Group as an account executive responsible for the firm’s retirement plan practice.
AIG Enters into Agreement to Sell Asset Management Business
American International Group, Inc. (AIG) has announced an agreement to sell a portion of its investment advisory and asset management business to Bridge Partners, L.P.
Allegiant to Merge with PNC Capital Advisors
The PNC Financial Services Group, Inc., has announced its intention to merge Allegiant Asset Management Company with its affiliate, PNC Capital Advisors, Inc., on or about...
MassMutual Adds Taft-Hartley Sales Rep
MassMutual's Retirement Services Division has turned to William Erlandson to supplement its Taft-Hartley sales business.
Oppenheimer Brings Carey and Willis on Board
OppenheimerFunds has tapped William C. (Bill) Carey as head of distribution and Martha B. (Marty) Willis as chief marketing officer.
INVEST Partners with Banks to Provide Brokerage, Investment Services
INVEST Financial Corporation (INVEST), a subsidiary of National Planning Holdings, announced a partnership with four banks to provide brokerage and investment services.
Clark Steps Down from Fidelity Post
Michael Clark, president of Fidelity Investments’ institutional products group, has stepped down from his post.
Morgan Stanley’s Sullivan Group Goes Independent
Another advisory group braves the frontiers of being an independent firm.
MassMutual Beefs Up West Coast Sales Presence
MassMutual has tapped Joel Almeida to undertake a new sales role focused on Southern California and Hawaii.
CAPTRUST Names Curran to Lead Nonqualified Business
CAPTRUST said Mike Curran will lead the firm’s efforts to broaden nonqualified deferred compensation services.
Martellaro to Depart Janus
Janus Capital Group Inc. has announced that Dominic Martellaro, executive vice president and managing director of Janus Global Advisors, will step down from his position effective...