Tag: M&A

Alternative asset manager KKR is plotting an additional $1 billion investment to bolster USI’s long-term growth.

The move adds student loan related tools such as employee payment management and debt refinancing to the digital 401(k) providers...

A former RIA founder, Curley will manage global financial services strategy.

Human Interest CEO says minority stake from BlackRock will help hiring in areas including product, engineering, and customer acquisition.

RightCapital adds SECURE 2.0 update to financial adviser planning platform; NFP Starts Human Capital Solutions Practice; and more.

OneAmerica names new CIO; Colony Group expands Boston footprint; Commonwealth Financial takes on Indiana advisory; and more.

CBCF Names Verity’s Otto Vice Chairman; Spinelli promoted to co-CIO at Halbert Hargrove; Gallagher acquires Retirement, HR Advisory Buck; and...

Northern Trust makes key fund hires; Edelman Financial Engine buys California-based retirement advisory; Prime Capital Partners with PFS to enter...

Northwestern Mutual names new CFO; Lockton has a new U.S. chief counsel; HUB keeps expanding with insurance and benefit buys;...

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...