Deals & People

U.S. Retirement Partners (USRP) reported that it has acquired Kades-Margolis Corporation (KMC), which will join USRP’s national network of 403(b) providers.

Acquisition of New York Life’s RPS business accelerates John Hancock’s expansion into the mid-case and large-case retirement plan markets.

Brendan Gundersen has joined Mainstay Investments as a managing director to head the firm’s institutional intermediary channel.

An agreement signed with Pensionmark seals a partnership between the national firm and a St. Paul, Minnesota-based independent advisory practice, SevenHills Benefit Partners.

Transamerica Retirement Solutions hired Mark Valentine as vice president of defined benefit sales and business development for the East Coast.

David Saunders and Victor Traub, III, have joined PSA Insurance & Financial Services.

Acadian Asset Management, an investment management firm specializing in active global and international equity strategies, has hired Seth Weingram to serve at its Boston headquarters.

Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group, appointed Tad Fifer as a national sales manager responsible for distribution of Lincoln’s annuity solutions.

Philip Gould has joined Pentegra Retirement Services to support the company’s business development efforts in Texas.

Chicago-based institutional retirement and investment consulting firm Blue Prairie Group added Jere Cowden and Mark Muto to its network of retirement specialist consultants.

Krista Rivers has joined RMB Asset Management as the director of institutional client services.

Independent retirement firm, SageView Advisory Group has hired Geoff Rhines and David Anderson to its Southeast division.

Retirement and college savings plan provider Ascensus announced a new distribution partnership with 1st Global.

Retirement plan consulting firm Multnomah Group has hired a new investment consultant for its Portland, Oregon, office.

Vincent Vicidomini has joined the investment strategies division of Mesirow Financial as vice president of sales consulting for the eastern region.

Nationwide has hired two wholesalers and expanded its 401(k) sales team into new territory.

New York Life Investment Management announced the signing of a definitive agreement to acquire IndexIQ, a firm specializing in liquid alternative exchange-traded funds.

Northwestern Mutual completed a $2.7 billion sale of its subsidiary Frank Russell Company, also known as Russell Investments, to the London Stock Exchange Group.

Retirement specialist advisory firm 401(k) Advisors formally adopted the NFP Retirement brand following an extensive service integration process.

Tim Seifert joins Lincoln Financial Distributors as vice president, national sales manager, of its intermediary retirement plan services business.