Deals & People

Beneficial Investment Services, Inc. (BIS), the newly established broker-dealer and registered investment adviser of Beneficial Financial Group, has announced the recent enhancement of its investment platform through an...

MassMutual Financial Group announced that Stephen Deschenes has been hired as senior vice president and chief marketing officer (CMO) for MassMutual’s Retirement Income Group.

The Phoenix Companies, Inc., and Jefferson National Life Insurance Company have formed a strategic alliance to target the rapidly growing segment of fee-based advisers in wirehouses, regional broker-dealers,...

Mutual of Omaha has named David Ahrendt, formerly of Lincoln Financial Group, as Vice President of its Retirement Services business.

Commonwealth Financial Network and 401(k) Producer Services have agreed to an institutional partnership that will provide Commonwealth advisers with access to retirement plan consulting tools and resources.

Institutional investment consulting firm Rogerscasey Inc. has hired Ward Harris as Managing Director, Financial Intermediary Group and T. Patrick Mulvey as Managing Director, Marketing and Business Development.

ExpertPlan, a Princeton, New Jersey-based recordkeeper, is partnering with a payroll provider.

Fidelity Investments named Michael K. Clark, former chief executive officer of JPMorgan’s securities services operation, to head its Institutional Services business.

M&I Investment Management Corp. has appointed Thomas Nolte, formerly of Wells Fargo and Strong Capital Management, as vice president, director of institutional sales.

Record(k)eeper Pro, OppenheimerFunds' retirement program for small- to mid-sized companies in the 401(k) marketplace, has been added to the MLConnect retirement platform at Merrill Lynch.

Christopher Mullahy has joined UBS Global Asset Management's Defined Contribution and Retirement Solutions Group as head of sales.

Wall Street Access will join National Retirement Partners, Inc (NRP), effective October 1, 2007.

AXA Equitable Life Insurance Co. has named William McDermott as Executive Vice President of Corporate Markets, where he will develop retirement solutions for large companies.

The retail sales and financial planning division of Lincoln Financial Group has appointed Christine Baker as Regional Managing Director, Advisor Recruitment, for the Southeast territory.

UBS has opened a Private Wealth Management operation in Chicago, Illinois, its third such office in the U.S.

Thornburg Investment Management has agreed to waive fees and reimburse expenses for the Thornburg Funds’ R class shares.

Bank of America has appointed Bill Carey, formerly of Fidelity Investments, as national executive of Business Retirement Solutions.

Columbia Management has appointed Colin Moore as chief investment officer, expanding his role as head of equity to include responsibility for all investment activities.

The National Association of Personal Financial Advisors (NAPFA) will offer its fee-only members access to institutionally-priced immediate annuities via Hueler Companies’ platform.

Great-West Retirement Services has appointed three regional sales directors to focus on development of new corporate 401(k) business.