Tag: M&A

In a statement, the firms say they have agreed to terminate their business combination agreement and end antitrust litigation filed...

Empower CEO Ed Murphy says the Prudential recordkeeping team has tremendous bench strength.

The company says it expects the acquisition to benefit retirement plan participants, and, by leveraging new capabilities from its 2020...

Aon says its newly revealed plan to sell its U.S. retirement business to Aquiline Partners is in part meant to...

Ascensus CEO David Musto says the deal is about continuing to invest in new capabilities, technology and solutions.

The deal means that GTCR and Reverence Capital will also acquire Wells Fargo Bank’s North American-based business of serving as...

Fifth Third’s retirement plan business for its institutional clients will now focus on its core strength of providing independent fiduciary...

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

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

Creative Planning already has a well-established 401(k) offering, but the acquisition will open up its market reach to smaller plans.

“We will do everything we can to make this a non-event for plan sponsors and participants,” says Renee Schaaf, Principal’s...

In addition to providing new fiduciary solutions to the combined client base, PCS leadership aims to leverage Aspire’s footprint in...

Hellman & Friedman, which owns Edelman Financial Services, will combine the two companies.