Deals & People

M Financial Group today announced that Deerfield, Illinois-based Goldstein Financial Corporation (GFC) has become a member firm.

UBS announced at its annual general meeting that the firm will slash more than 11% of its workforce, but it’s not yet clear what that means for financial...

Walter Donovan, Fidelity Investments’ equity chief, has left the firm to join Putnam Investments.

UBS plans to lay off lower-producing financial advisers later this month, according to a report in The Wall Street Journal.

CAPTRUST Financial Advisors, an independent investment research and fee-based advisory firm, has hired adviser David A. Camper.

U.K. bank Barclays agreed Thursday to sell its iShares exchange-traded funds (ETFs) business to European private-equity firm CVC Capital Partners.

Barclays PLC is expected to announce as soon as tomorrow that it has reached an agreement to sell iShares.

The Retirement Services division at American United Life Insurance Company (AUL), a OneAmerica company, appointed Deborah Rubin to regional sales director in the Washington, D.C.-based office.

Grail Advisors, which distributes actively managed exchange-traded funds (ETFs), announced a number of appointments to lead and manage the company’s sales and distribution efforts.

Roland|Criss Fiduciary Services, a provider of fiduciary protection and certification programs to retirement plan sponsors and endowments, announced the addition of Brian Cressey to its staff.

Epic Advisors has been acquired by GenSpring Family Offices, a wealth management firm for ultra-high-net-worth families.

Mike Corbat has been named CEO of Citi Holdings, which includes its brokerage and asset management units and local consumer finance and a special asset pool.

Smith Barney has expanded its plan provider platform to include ADP.

Five years after acquiring Columbia Management Group, Bank of America (BofA) might offload the business, according to the Wall Street Journal.

Putnam Investments named Benjamin Lewis as managing director of Defined Contribution Sales and Relationship Management.

CVC Capital Partners is in exclusive talks with Barclays to buy its exchange-traded funds business, iShares, according to a news report.

Transamerica Retirement Services announced the promotion of CEO and President Kent Callahan to group head of Employer Solutions and Pensions for the AEGON companies.

Participants in 401(k) plans administered by Hewitt Associates will now have access to financial advice from Financial Engines.

Bank of America Corp. (BofA) might pump up the salaries of its investment bankers in order to match salaries of the recently acquired Merrill Lynch&Co.

General Motors Asset Management (GMAM) has changed its brand identity to Promark Global Advisors, Inc. (Promark).