Ron Cohen has joined Wells Fargo Funds Management LLC as head of sales for the defined contribution investment only and registered investment adviser channels.
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.
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.
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.
New York Life Investments has appointed Al Lazaro as regional vice president, Midwest region, for its defined contribution investment only (DCIO) practice.
Allianz Global Investors Distributors (AGID) announced that Nick
Loglisci Jr. has joined the firm as Managing Director in the Defined
Contribution (DC) group.
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.”
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.”
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.
Fund manager AllianceBernstein has newly registered six global asset
allocation funds, according to Simfund Filing, a product of Strategic
Insight, an Asset International company.
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.