DC I-O Dispatches
On the DC I-O side of the business, a publicly traded bank's asset management is now talking to plan sponsors and distributors about a new kind of non-guaranteed retirement income product
| Michael Shaughnessy Alfred|
Digital Assets Data
post-merger distro reorg will hit DC I-O
. A top DC exec recently left BlackRock
. T. Rowe Price's
new DC I-O chief is hiring
, while Natixis welcomed
a DC I-O vet. And an ERISA specialist left AllianceBernstein
Cohen & Steers
big DC I-O progress.
Hand Benefits & Trust (HB&T
) is helping
an upstate New York shop launch ESG collective funds.
the Empower Retirement
C-suite by three. Meanwhile, Aimee DeCamillo
the reins at T. Rowe and joining
, head of Principal Financial Group's
retirement and income solutions division, talked
about the three guiding principles that will guide the integration of their impending acquisition, Wells Fargo's
institutional retirement and trust division. Meanwhile, John Moody
is preparing to combine
two recordkeepers' under one brand.
The Boston Behemoth
401(k) recordkeeping into a new, integrated benefit services solution for small and mid-sized businesses.
Managed Account and Model Messages
a new 401(k) managed accounts platform that can be customized by 401(k) plan advisors (KPAs), giving KPA-focused DC I-Os more of a shot inside such managed accounts. Morningstar is also expanding
alliance to offer Vestwell-friendly KPAs access to target date model portfolios.
Capital Group's American Funds
will be integrated
into Empower's TDF-managed account combination product. And Empower is teaming up with other asset managers, too.
, the parent of Matrix
, has agreed to buy
another retirement plan custody and trust business later this quarter. The deal is expected to boost Matrix to more than $420 billion in AUA and more than 118,000 plans, while adding about 50 people to the Matrix team.
brothers have reunited
at a data startup focused on cryptocurrency and raised $6 million in seed funding.
As always, this edition of MFWire's Fundster 401k Roundup
column is powered by our DC-focused sister publication, 401kWire
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