Fee Pressures Put the Squeeze on DCIO Market
The
demand for low fees will continue to cut into actively managed funds in portfolios.
Tag: Investment only
J.P. Morgan Bulks Up DC Investment Team
Lada Eng, Leah Laurent, Niles Monica and Marta Rodriguez have joined J.P. Morgan Asset Management as retirement business directors.
Ron Cohen to Head Wells Fargo DCIO and RIA Sales
Ron Cohen has joined Wells Fargo Funds Management LLC as head of sales for the defined contribution investment only and registered investment adviser channels.
Considerations for DB Investing in 2015
In
2015, the question for defined benefit plan sponsors and their advisers will not just be, “What
will interest rates do?”
DC Sponsors Increase Number of Managers in Investment Lineup
The
average number of investment managers sponsors have in their lineup is 3.9, a
study says.
Broadridge Offers Plan Benchmarking Service
Broadridge Financial Solutions reached an agreement with Pension Data Resources, Inc., to provide clients with plan assessment and benchmarking capabilities based on compiled Form 5500 data.
New Firm Supports Non-Fiduciary Advisers
Fidelis Fiduciary Management launched an independent investment management program for financial advisers who cannot or choose not to serve as fiduciaries for their 401(k) clients.
Franklin Templeton Launches Interactive Retirement Center
Franklin
Templeton launched an online Retirement Center for individual investors,
financial advisers, employers and plan sponsors.
DCIO Shift towards Advisers Expected to Grow
The current selling process has shifted beyond the “gatekeeper” role for advisers, to one where the adviser or consultant is much more involved in the investment menu design and fund selection.
Study Says Committee Styles Mirror Members
The vast majority of investment committee members surveyed said they prefer a democratic approach.
New York Life Appoints DCIO Regional VP
New York Life Investments has appointed Al Lazaro as regional vice president, Midwest region, for its defined contribution investment only (DCIO) practice.
Allianz Hires DC Managing Director
Allianz Global Investors Distributors (AGID) announced that Nick
Loglisci Jr. has joined the firm as Managing Director in the Defined
Contribution (DC) group.
GEAM Taps Two for Sales Roles
GE Asset Management Incorporated (GEAM) has added two senior sales professionals to its intermediary business team.
Brockelman to Lead Putnam DC Adviser Sales
Putnam Investments has made changes to senior roles on its defined contribution team, in what Edmund F. Murphy, III, Managing Director, Head of Defined Contribution, called “the next logical step in the structure of our organization.”
Retirement Strategies Offers vWise SmartPlan to DCIO Partners
Retirement Strategies, Inc. (RSI), will offer vWise Inc.’s SmartPlan Enterprise solution for its Defined Contribution Investment Only (DCIO) partners.
The Hartford Expands DCIO Sales Force
The Hartford said it has expanded its team of sales consultants who serve the investment needs of defined contribution plans "as part of a broader strategy to continue growing its assets under management for retirement plans.”
Web Database Offers 401(k) Provider Information for Plan Advisers
A new service called 401(k) Rekon aggregates and lists resources offered to financial advisers by 401(k) plan providers.
Pioneer Investments Adds to Retail Sales Team
Pioneer Investments has announced seven additions to its U.S. sales team, continuing the expansion of its sales force aimed at supporting the firm’s largest retail clients.
AllianceBernstein Files a Group of Global Asset Allocation Funds
Fund manager AllianceBernstein has newly registered six global asset
allocation funds, according to Simfund Filing, a product of Strategic
Insight, an Asset International company.
N.Y. Life Expands DCIO Stable Value Offerings
New York Life Investments said it is expanding its defined contribution investment only (DCIO) efforts through its lineup of stand-alone stable value products to third parties.