Deals & People

Pershing Teams with PriceMetrix, Inc

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.

JPMorgan Hires Musto and Dial Away From Pru and Merrill

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.

End of the Road for SSGA’s streetTRACKS

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.

UBS Securities LLC Gets New CEO

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.

Combs to Head Vanguard Strategy Operation

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.

First Charter Lets Go of Recordkeeping Unit

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.

CAPTRUST&Plan Advisory Services Link Up

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.