American Century Announces New Head of Institutional Business
American Century Investments announced Joseph P. Craven has joined the firm as senior vice president of its institutional business.
Deals & People
MetLife Investors Hires New Leader for Wirehouse Channel
John C. Kennedy has joined MetLife Investors Distribution Company to lead the company’s wirehouse channel.
Everett Tapped for Principal Funds Post
Everett most recently served as senior vice president and deputy general counsel at the Principal Financial Group, the company said in an announcement. Ralph Eucher, former president of...
RBC Dain Rauscher integrates B/D, Changes Name
RBC Dain Rauscher has changed its brand name to RBC Wealth Management.
MassMutual Acquiring First Mercantile Trust Company
Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to buy Memphis-based First Mercantile Trust Company from SunTrust Banks, Inc.
Lockton Tacks on Plan Consulting Services
Chicago-based insurance broker Lockton Companies is expanding the capabilities of its Chicago office to include retirement plan consulting services for corporate and not-for-profit organizations.
Scarborough Group Splits Participant and Adviser Advice Services
Effective March 1, 2008, The Scarborough Group, Inc. will become two companies – Scarborough Capital Management, Inc. and Retirement Management Systems, Inc. – offering services to 401(k) participants...
Zimpleman Expands Role at Principal
Larry D. Zimpleman will take on the new role of chief executive officer at the Principal Financial Group, effective May 1, 2008.
Citi, Legg Mason in Overlay Business Deal
Citi and Legg Mason have agreed that Citi Global Wealth Management (GWM) will acquire the overlay and implementation business of Legg Mason Private Portfolio Group (LMPPG).
Wall Street Access’ Private Wealth Management Group Names New MD
Charles McCollough Wright, CFA, has joined Wall Street Access’ Private Wealth Management Group as Managing Director.
Mutual of Omaha Puts Out TPA Service
Mutual of Omaha is now offering plan sponsors a retirement platform that integrates with existing third party administrators.
US Fiduciary Forms New Wealth Management Team
US Fiduciary, Inc. (USF) announced that Mark Tidwell and Charlie Rawl have left Stanford Financial and joined US Fiduciary’s platform, under the brand Zenith Wealth Management.
Mutual of Omaha to Acquire Retirement Product Wholesaler
Mutual of Omaha has entered into a definitive agreement to acquire the assets and personnel of Retirement Marketing Services (RMS), a Dublin, Ohio-based independent wholesaler specializing in marketing...
William McNabb III to Replace Vanguard Top Exec
The Board of Directors of The Vanguard Group has elected F. William McNabb III as President and Director of Vanguard, effective March 1.
RS Investments Bolsters Institutional Sales Team
Jared Buell has joined the San Francisco-based investment management firm as Vice President of Institutional Sales and Service.
Gateway Investment Advisers Acquired By Natixis Global Asset Management
Today, Natixis Global Asset Management announced its acquisition of Cincinnati-based investment manager Gateway Investment Advisers.
CBH Pensions Joins Alliance Benefit Group
CBH Pensions, Inc., provider of retirement plan consulting and administrative services, has joined Alliance Benefit Group, a national network of independently owned retirement plan consulting and administration firms.
Cornell Named to Pru Retirement Post
Prudential Retirement has tapped James K. Cornell as senior vice president and chief marketing officer.
OH Consultant Merges with RIA
Cincinnati-based financial consulting firm, CHALK Advisory Board, Inc., has merged with registered investment advisory firm, Fiduciary Consulting Group, Inc.
Principal Integrates Consultant and RIA Support
The Principal Financial Group has adopted an integrated approach to support retirement plan consultants and independent registered investment advisers (RIAs).