Deals & People

Westrock Asset Management announced the formation of a joint venture with Creighton Capital Management to offer a set of quantitative products to institutions and other qualified investors.

Los Angeles-based Transamerica Financial Advisors, Inc. (TFA), completed its merger with its affiliate, St. Petersburg, Florida-based InterSecurities, Inc. (ISI).

Westrock Group said it is now the first Native American-owned full-service financial services business.

Hewitt has announced it will combine its mid-market health and welfare outsourcing platform, Core Benefits Administration (CBA), with its existing mid-market retirement solutions.

Cheri Payne has joined The Noble Group as an account executive responsible for the firm’s retirement plan practice.

American International Group, Inc. (AIG) has announced an agreement to sell a portion of its investment advisory and asset management business to Bridge Partners, L.P.

The PNC Financial Services Group, Inc., has announced its intention to merge Allegiant Asset Management Company with its affiliate, PNC Capital Advisors, Inc., on or about...

MassMutual's Retirement Services Division has turned to William Erlandson to supplement its Taft-Hartley sales business.

OppenheimerFunds has tapped William C. (Bill) Carey as head of distribution and Martha B. (Marty) Willis as chief marketing officer.

INVEST Financial Corporation (INVEST), a subsidiary of National Planning Holdings, announced a partnership with four banks to provide brokerage and investment services.

Michael Clark, president of Fidelity Investments’ institutional products group, has stepped down from his post.

Another advisory group braves the frontiers of being an independent firm.

MassMutual has tapped Joel Almeida to undertake a new sales role focused on Southern California and Hawaii.

CAPTRUST said Mike Curran will lead the firm’s efforts to broaden nonqualified deferred compensation services.

Janus Capital Group Inc. has announced that Dominic Martellaro, executive vice president and managing director of Janus Global Advisors, will step down from his position effective...

A Nashville, Tennessee, service provider has tapped Courtenay Shipley as vice president, Retirement Services.

Benefit Consultants Group (BCG) said Ken Weaver will lead its internal adviser support teams.

DWS Investments, the U.S. retail unit of Deutsche Bank’s global asset management division, has announced the appointment of Michael J. Woods as U.S. head of distribution.

The Retirement Advantage, Inc. (TRA), has announced the acquisition of 401(k) Administrators out of Las Vegas.

Aon Consulting Worldwide has appointed Martha Spano as a senior vice president and Central West Coast regional leader for Aon Investment Consulting in the Los Angeles office.