Administration | March 28th, 2024 Ascensus Adding $3.9B to Recordkeeping Assets with Acquisition Purchase will bring in-house Mutual of Omaha's 401(k) business, to which it had provided outsourced services for years.
Investing | February 12th, 2024 Insurance Broker’s PEP Launches for Private Equity, Venture Portfolio Firms San Francisco-based Woodruff Sawyer enters the pooled employer plan market, seeking to attract startup plans through the firm’s private equity...
Deals and People | December 20th, 2023 Aon to Pay $13.4B for NFP The two firms will operate independently, with a “connected platform” linking NFP to Aon.
Deals and People | September 29th, 2023 Retirement Industry People Moves Joe Urwitz joins Crowell & Moring; Cognizant announces Dalal as CFP; Advisor360 appoints Fanning to board of directors.
Deals and People | September 11th, 2023 USI Insurance Services Gets Equity Investment Increased Alternative asset manager KKR is plotting an additional $1 billion investment to bolster USI’s long-term growth.
Deals and People | July 28th, 2023 Vestwell Acquires Student Loan Benefits Firm Gradifi from Morgan Stanley The move adds student loan related tools such as employee payment management and debt refinancing to the digital 401(k) providers...
Benefits | July 13th, 2023 Nava Benefits Acquires Consulting Firm to Improve Employee Experience Nava and Nielsen Benefits Group plan to make cost-effective health care more accessible for small and midsize employers.
Deals and People | June 8th, 2023 Putnam CEO Reynolds Will Remain with Great-West Post Merger The CEO will stay at Great-West Lifeco with part of his focus on the firm's ongoing relationship with Franklin Templeton...
Deals and People | May 31st, 2023 Franklin to Add Retirement AUM With Putnam Acquisition Great-West, parent of Empower, will shed its asset management division but gain a 6.2% stake in Franklin.
Deals and People | May 31st, 2023 Smart Bolsters Tech Solutions With Acquisition of ProManage Smart’s global assets under management soar to more than $10 billion following its recent $95 million Series E funding round.
Deals and People | May 2nd, 2023 Former Wilmington Trust CIT Division Rebranded as Great Gray Trust After acquiring the Wilmington Trust CIT division from M&T Bank, new owners Madison Dearborn Partners opt for rebrand.
Deals and People | May 1st, 2023 Pensionmark Hires Curley to Oversee Compliance A former RIA founder, Curley will manage global financial services strategy.
Benefits | May 1st, 2023 USI Consulting Brings on DB Pension Exit Experts The retirement consultancy brings on actuarial expertise with acquisition of Hooker & Holcombe.
Deals and People | October 18th, 2022 The Standard Will Acquire Securian Financial’s Recordkeeping Business The Standard entered into the definitive agreement to grow its geographical footprint.
Products | October 7th, 2021 Investment Product and Service Launches Victory Capital expands VictoryShares ETF offerings; RetireOne and Midland National launch portfolio retirement income guarantee solution; Transamerica broadens availability of...
Products | September 30th, 2021 Investment Product and Service Launches abrdn presents new industrial metals ETF; Vanguard to lower investor costs through enhancements to its target retirement series; State Street...
Deals and People | July 21st, 2021 Prudential Acquisition Aimed at Improving Participant Experience Empower CEO Ed Murphy says the Prudential recordkeeping team has tremendous bench strength.
Deals and People | July 21st, 2021 Empower to Acquire Prudential’s Full-Service Retirement Business The company says it expects the acquisition to benefit retirement plan participants, and, by leveraging new capabilities from its 2020...
Deals and People | September 9th, 2020 MassMutual Points to Scale as Reason for Empower Deal The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.
Deals and People | September 8th, 2020 Empower Acquires MassMutual Retirement Plan Business The firms say that with the acquisition, retirement plan participants will gain the outcome-oriented client focus and deep retirement expertise...