CAPTRUST Financial Advisors Expands to New York
Scott Wertheim has joined CAPTRUST Financial Advisors as a Vice President, Financial Advisor in New York.
Deals & People
ING B/Ds Lower Advisory Account Fees
The broker-dealers of ING are lowering the fees that their advisers pay on two core advisory programs.
New PE Firm Launched by Pacific Corporate Group Execs
Three private equity executives have formed a new firm, Leucadia Capital Partners LLC (LCP), to provide customized private equity investment management and advisory services to institutional investors.
HSBC To End 401(k) Services
HSBC Bank USA N.A. has notified customers that it will cease providing 401(k) services by year's end.
Bingham Legg Advisers LLC to be Acquired by Wilmington Trust
Wilmington Trust Corporation will acquire Bingham Legg Advisers LLC, adding the Boston-based wealth management firm to its network of national Wealth Advisory Services offices.
Sterling Bancshares to Acquire MBM Advisors
MBM Advisors, Inc., a Houston-based investment advisory and pension administration and consulting firm, is to be acquired by bank holding company Sterling Bancshares, Inc.
Lincoln Financial Network’s Recruitment Team Grows
Lincoln Financial Network (LFN) announced that Tammy Robbins has joined the firms’ planner/advisor recruiting group and will serve as Regional Managing Director for the West Coast territory.
Citi to Buy BISYS and Spin Off Retirement Services Unit
BISYS announced Wednesday that it has agreed to be acquired by Citigroup Inc. for $1.45 billion in a deal that will also see BISYS’ retirement services unit sold...
Mollahan for Names Employee Benefit Investment Executive at JPMorgan
JPMorgan Worldwide Securities Services has named Edward Mollahan as employee benefit investment executive, a new position designed to help private and public institutions address growing requirements for benefit...
Nuveen Investments to Acquire Investment Management Firm
Nuveen Investments is acquiring HydePark Investment Strategies, a firm that specializes in enhanced equity investment management.
Changes In Fidelity's Ranks
Fidelity Investments’ Vice Chairman and Chief Operating Officer Robert L. Reynolds announced his departure today.
BGI Creates New Client Segment Strategist
Dodd F. Kittsley, previously the director of the Strategy and Research Group for State Street Global Advisors (SSgA), has joined Barclays Global Investors (BGI).
T. Rowe Names Egan to Run Retirement Unit
Cynthia L. Egan has left her post at Fidelity Investments to become president of T. Rowe Price Retirement Plan Services.
Delaware Investments Names New Equity Investments Leader
Delaware Investments has named Michael J. Hogan as Head of Equity Investments, overseeing all of the firm's equity management teams.
Piper Jaffray to Acquire Money Manager
Piper Jaffray Companies announced the signing of a definitive agreement to acquire Fiduciary Asset Management, LLC, a St. Louis-based investment management firm, for approximately $66 million in cash.