The Principal Acquires Brazilian Asset Manager
The Principal Financial Group Inc. announced a
definitive agreement to purchase a 60% indirect ownership of Claritas
Administração de Recursos Ltda. / Claritas Investments, Ltd. (Claritas).
Tag: M and A
Gallagher Benefit Services Rebrands Advisory Practice
Gallagher Benefit
Services Inc. rebranded its institutional investment advisory practice as Gallagher Fiduciary Advisors, LLC (GFA).
Pacific Resources Under New Ownership
Pacific
Resources—a nonmedical employee benefits advisory firm—was purchased by two of
its senior executives.
Envestnet to Acquire Prima Capital
Envestnet Inc., a provider of wealth-management solutions for financial advisers, is acquiring Prima Capital Holding Inc.
Goldman Acquiring Dwight Asset Management
Goldman
Sachs Asset Management (GSAM) is acquiring Dwight Asset Management (Dwight)
from Old Mutual Asset Management (OMAM).
Segal Advisors Acquires Rogerscasey
Segal Advisors acquired the business of
Rogerscasey.
P-Solve Acquires Cassidy Retirement Group
P-Solve completed the merger of its U.S. subsidiary
with Cassidy Retirement Group (CRG).
U.S. Bank Acquires Trust and Custody Business of Union Bank
U.S. Bank National Association entered into a
definitive agreement with Union Bank, N.A.
Alliant Expands Presence in Northeast
Alliant Insurance Services acquired Thesco
Retirement Planning Services (TRPS).
Pensionmark Expands to Indiana
Pensionmark Retirement Group opened an office in
Fort Wayne, Indiana.
FRC Announces New Practice Leaders
Following the recent acquisition by Asset International, Financial Research Corporation (FRC) has a new focus on research priorities.
RIA Deals Increased in 2011
Registered
investment adviser (RIA) deals increased in 2011 despite a decline in the
overall number of deals, according to an industry-wide RIA mergers and
acquisitions transaction report from Schwab Advisor Services.
Alliance Acquires Brown Edwards
Alliance Benefit Group Carolinas Inc., a subsidiary of
Pentegra Services Inc., is acquiring Brown Edwards & Associates Ltd.’s
qualified plan administration business.
Kidder Benefits Consultants Acquires Lane & Associates
Kidder Benefits Consultants acquired Lane &
Associates and created a new entity called Kidder-Lane Actuarial Services LLC.
Raymond James to Acquire Morgan Keegan & Co.
Raymond James Financial Inc. has agreed to acquire Morgan Keegan & Company Inc. and related affiliates from Regions Financial for $930 million.
Kidder Benefits Appoints Regional Pension Consultant
Kidder Benefits Consultants appointed Ray Hansen as regional pension
consultant.
NFP Acquires AGS Benefits Group
National Financial
Partners Corp., a provider of benefits, insurance and wealth management
services, acquired AGS Benefits Group, LLC (AGS Benefits).
Ameritas Life Acquires BNL Financial
Ameritas Life Insurance Corp. acquired BNL Financial
Corp. officially on December 31, 2011.
CBIZ Acquires More Retirement Business
CBIZ, Inc. purchased the employee benefits and
retirement book of business from Advantage Benefit Planning (ABP)
of Pleasantville, New Jersey, effective December 30, 2011.
Spark and The Spark Institute Reorganized into One Association
SPARK
and The SPARK Institute were purchased from Robert Wuelfing and reorganized as
a single non-profit, member-driven association.