Tag: retirement plan provider mergers and acquisitions

Principal’s acquisition of Wells Fargo’s Institutional Retirement & Trust business is complete, and Principal’s Renee Schaaf discussed what that means going forward for the businesses and their clients.

"This transaction will allow PNC to focus on providing fiduciary investment advice to our retirement clients, which is the core of our business," says Alistair Jessiman, EVP and managing executive at PNC Institutional Asset Management.