Deals and People

Newport purchases PAi; Hub acquires Leading Edge businesses; and more.

OneDigital acquires Berkshire employee benefits division; SageView Advisory Group hires institutional client relationship leaders; Janus Henderson investors selects ESG global head; and more.

DWS selects head of wealth practice; Bar Harbor Trust Services announces new retirement plan coordinator; and AIG pursues separation of Life & Retirement business.

Findley to join USI; Groom Law Group selects litigators for ERISA practice; Robeco appoints insurance analytics head; and more. 

TRA acquires retirement solutions firm; Northern Trust lengthens partnership with Driehaus; and FAR joins Stanford Center on Longevity corporate affiliate program. 

Morgan Stanley acquires Eaton Vance; The Standard selects employee benefits lead; and Rebalance names retirement services VP.

Nova 401(k) Associates names new attorney and consultant; Lockton Pacific adds employee benefits VP and producer; and CC Capital and Motive acquire Wilshire Associates.

Fifth Third’s retirement plan business for its institutional clients will now focus on its core strength of providing independent fiduciary advisory services and comprehensive investment solutions.

Schroders selects fixed income head and CalPERS names private equity investment director.

The Wagner Law Group promotes ERISA attorneys; Millennium Trust adds retirement services head; SageView hires retirement plan consultant for Northern California; and more. 

Unified Trust joins EdgeCo; Putnam Investments CIO announces plans to retire in 2021; Marathon Asset Management hires senior high-yield portfolio manager; and more.

The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.

The firms say that with the acquisition, retirement plan participants will gain the outcome-oriented client focus and deep retirement expertise of both firms while benefiting from a state-of-the-art...

IRS names associate chief counsel for EEE; Northern Trust appoints COO and senior executive; and Wellington Management CEO announces 2020 resignation; managing partner to succeed. 

DWS appoints client coverage leader; Innovest selects new VPs for retirement practices; and PFM announces appointment to Multi-Asset Class Management Investment Committee.

Joy Facos will support Carillon’s affiliates and coordinate ESG data and corporate engagement.

Hall Benefits Law announces changes to ERISA team and BNY Mellon elects governance expert to Board of Directors.

Remaining clients still on the Wells Fargo platform can expect to be transferred to the Principal platform by the end of next year.

NFP acquires multidisciplinary insurance broker; Principal Financial Group announces new customer experience lead; NWPS announces rebranding after numerous acquisitions; and more. 

Franklin Templeton appoints head of U.S. distribution; Northwest Plan Services adds client services VP; and Accounts and sales director joins Capital Wealth Planning.