Great-West Continues Buying in RK Space
Great-West Life&Annuity Insurance Co. (GWLA) has agreed to acquire Franklin Templeton Investment’s 401(k) recordkeeping business, the firms announced.
Deals & People
Jeffrey Carney Is BoA’s New President of Integrated Retirement Business
Bank of America has appointed Jeffrey Carney as president, Bank of America Retirement and Global Wealth&Investment Management (GWIM) Client Solutions.
Bruce Harrington Moves to Cogent Research
Cogent Research LLC, an evidence-based consultancy, has named financial services veteran Bruce Harrington, previously at MFS Investment Management, as managing director of its wealth management practice.
Genworth Taps Grady to Head Retirement Income Unit
Genworth Financial, Inc. has named Chris Grady President of its Retirement Income business.
OneAmerica Acquires 403(b) Participants from Transamerica
OneAmerica Financial Partners, Inc. purchased a block of 403(b) business from Transamerica Life Insurance Company, increasing the number of plan participants with the Indiana-based company by more than...
U.S. Trust, B of A Private Wealth Management Announce 4 Key Appointments
Bank of America today announced additional key leadership appointments within the combined U.S. Trust, Bank of America Private Wealth Management organization.
Clearbrook Advisors Picks New President
Clearbrook Financial, LLC, has named John Galvin, formerly of UBS Wealth Management, as president of its advisory arm, Clearbrook Advisors.
SSgA Makes Additions to Intermediary Business Group
State Street Global Advisors (SSgA) has made two new appointments to its Intermediary Business Group, which serves financial advisers, broker-dealers, and registered investment advisers.
Nationwide Signs President for Two of its Broker-Dealers
Nationwide Financial Network (NFN) has named Michael Hamilton as President of two of its broker-dealers, 1717 Capital Management Company and Nationwide Securities Inc.
BISYS and Pentegra Retirement Services to Bring Open Architecture to Advisers
Recordkeeper and plan administrator BISYS Retirement Services and Pentegra Retirement Services, a retirement plan provider, are collaborating to distribute BISYS’s LinkInsight open architecture investment platform to financial advisers.
New Venture for 3 Mark Financial Clients and Symetra Wealth Mgt.
Financial advisers affiliated with 3 Mark Financial will now have access to Symetra Life Insurance Co.’s wealth management product, which helps high net worth clients transfer their assets.
PNC Adds Genworth Annuity
PNC Institutional Investments has added Genworth’s ClearCourse group variable annuity as a 401(k) option on PNC’s platform.
Fidelity Taps Lawson as President of FMR Corp.
Fidelity Investments announced on Monday that it had tapped Rodger A. Lawson as president of FMR Corp., Fidelity's holding company.
Morgan Stanley Adds Transamerica to List of 401(k) Providers
Transamerica Retirement Services has been added to Morgan Stanley’s roster of 401(k) providers.
CAPTRUST Snaps Up Raleigh Advisory Firm
CAPTRUST didn't have to look far for its latest acquisition.