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John Adams

By John Adams8/14/2014 • 0 Comments

AllianceBernstein has announced the launch of AllianceBernstein Multi-Manager Select Retirement Funds, a multi-manager target date series to be co-managed with Morningstar Associates, LLC.

By John Adams8/13/2014 • 0 Comments

LPL Financial has launched its new Worksite Financial Solutions website, developed primarily to increase plan participants’ confidence in their financial future.

By John Adams8/5/2014 • 0 Comments

Lincoln Financial Group’s Retirement Plan Services business has promoted Jason Key to head of business development for its Institutional Retirement Distribution team. Previously Lincoln’s business development director for the South and Midwest regions, Key assumed his current position on an interim basis last month.

By John Adams8/5/2014 • 0 Comments

CUNA Mutual Retirement Solutions has hired Paul Swanson as vice president of intermediary sales and institutional relationship management. This position consolidates areas formerly led by Micah DiSalvo and Bill Feldmaier, both of whom resigned earlier this year.

By John Adams7/30/2014 • 0 Comments

Nationwide Financial is now offering the Nationwide Diverse Managers Fund (NWWFX) to retirement plan clients. The fund seeks to provide capital appreciation and income by investing in a globally diversified portfolio of equity and fixed-income securities. It consists of four individual investment sleeves that are managed by separate minority- and women-owned investment firms, including Garcia Hamilton & Associates, Herndon Capital Management, Strategic Global Advisors, LLC, and Ariel Investments.

By John Adams7/24/2014 • 0 Comments

Voya Financial, Inc. has launched myOrangeMoney, the latest in the company’s suite of retirement readiness capabilities, which allows individuals to see how accumulated savings translate into estimated monthly income in retirement. 

By John Adams7/23/2014 • 0 Comments

BlackRock has recently published new research exploring the economics supporting a “to” approach to target date funds rather than a “through” approach, or reaching the final equity allocation at the target date instead of continuing to reduce risk past the target date. BlackRock contends that “to” funds are also preferable from a common sense perspective. 

By John Adams7/21/2014 • 0 Comments

MassMutual Retirement Services has appointed eight new relationship managers, making for a total of 98 managers who serve more than 36,000 retirement plans. The appointments are part of a plan to increase the number of relationship managers to 110 in 2015 to keep up with record sales.

By John Adams7/15/2014 • 0 Comments

The Pension Resource Institute has reached a partnership agreement with FRA PlanTools that allows subscribers to PRI to easily order and access FRA PLANbenchmark reports. The PLANbenchmark tool allows retirement plan professionals to input information about a specific plan or client. The data is then analyzed and turned into a customized report that shows plan sponsor clients how their plans stack up against the wider market.

By John Adams7/11/2014 • 0 Comments

Due to the success of Pensionmark Retirement Group’s Advisor Support Program, as well as the aging population of advisors in the marketplace and advisors’ increased interest in transition strategies, Pensionmark has formalized their Practice Acquisition Group. This group aids retirement-focused advisors looking to sell some or all of their practice, today or at a predefined target date and price in the future. The group also has defined strategies for business succession planning and partial buyouts, where advisors may want to transition only one portion of their practice.

By John Adams7/11/2014 • 0 Comments

American pre-retirees between the ages of 55 and 64, with median income and retirement savings, could replace as much as two-thirds of their on-the-job earnings in retirement, despite increased costs for generating retirement income, according to BlackRock’s new retirement readiness analysis. 

By John Adams7/10/2014 • 0 Comments

The companies of OneAmerica have launched OneCheck, a set of tools and reports monitoring retirement plan health for participants and sponsors. It contains many tools aiding in retirement preparation, including the OneCheck Plan Report, which provides a plan-level analysis of an employee group’s average income replacement ratio using assumptions provided by the plan sponsor.

By John Adams7/9/2014 • 0 Comments

Transamerica Retirement Solutions has released a report in partnership with the American Hospital Association examining trends affecting DC and DB benefit plans in the not-for-profit health care market. The report reveals that health care plan sponsors are making adjustments to help employees adequately prepare for and be engaged in retirement.

By John Adams7/7/2014 • 0 Comments

Four of Eaton Vance’s mutual funds now offer Class R6 shares: the Eaton Vance Atlanta Capital SMID-Cap Fund, the Eaton Vance Income Fund of Boston, the Eaton Vance Large-Cap Value Fund, and the Parametric Emerging Markets Fund. The funds’ Class R6 shares are offered at net asset value to employer-sponsored retirement plans and certain other investors and are not subject to any distribution, service, sub-accounting, record keeping or similar fees. 

By John Adams7/7/2014 • 0 Comments

Guardian Retirement Solutions has appointed six new wholesalers to its 401(k) national sales team in order to meet growing market demand as they extend their reach across RIA, broker-dealer and the benefit broker segments.  All six will join the firm as regional VPs of Retirement Plan Sales for their respective regions.

By John Adams7/7/2014 • 0 Comments

Envestnet Inc. has agreed to acquire Placemark Holdings Inc. for $66 million in cash. Placemark Chairman and CEO Lee Chertavian will join Envestnet as Group President of Envestnet|Placemark, and others of the most senior members of Placemark’s management team will have significant roles at Envestnet.

By John Adams6/30/2014 • 0 Comments

Allianz Global Investors has hired Robert Cruz to lead retirement sales efforts in the South Central region. Cruz was previously the vice president, defined contribution consultant at BlackRock. He will cover advisor DC relationships in Texas and the surrounding region and reports to Forrest Wilson, head of U.S. retirement sales for Allianz.

By John Adams6/26/2014 • 0 Comments

OppenheimerFunds has announced their new Oppenheimer Emerging Markets Innovators Fund (EMIAX), which is available to retirement plans. EMIAX will invest in small- and mid-cap companies in the emerging markets with disruptive products, brands, business models or other strategic differentiators. 

By John Adams6/25/2014 • 0 Comments

OneAmerica will acquire City National Bank’s San Diego-based retirement services record keeping business under an agreement between the companies announced June 25. Once the acquisition is complete, OneAmerica will become OneAmerica Retirement Services LLC. The company plans to maintain business operations at the San Diego location and keep clients working with the same service team.

By John Adams6/24/2014 • 0 Comments

A new white paper prepared by The Wagner Law Group on behalf of Transamerica Retirement Solutions concludes that the firm’s Retirement Plan Exchange significantly reduces the burden of an employer’s fiduciary responsibilities compared to traditional retirement plans.

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