Deals and People
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.
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...
Joy Facos will support Carillon’s affiliates and coordinate ESG data and corporate engagement.
Remaining clients still on the Wells Fargo platform can expect to be transferred to the Principal platform by the end of next year.