Lovell Minnick Sells Mercer Advisors to Genstar
The $6 billion RIA based in Santa Barbara, California, is set to have a new private equity owner.
New Hire Roundup: Senate Confirms Social Security Advisory Board Members
Meanwhile, Mike DiCenso joined Mesirow Financial as managing director and head of national sales in its investment strategies division.
Pension Cash-Outs Trending Upward: Mercer
Mercer this week published a guide to help plan sponsors evaluate whether to consider a cash-out program, including common misconceptions.
Diversified Growth Funds: Another British Invasion?
It remains to be seen if Britain's newest financial innovation, diversified growth funds, will survive a trip across the pond.
New Hire Roundup: Legg Mason Names Hoops Head of Business Development
Also this week in personnel announcements, the MSRB is seeking applications for its board of directors.
10 Risk Management, Secure Retirement Trends for DB, DC Plans in 2014
While the final goal for defined benefit and defined contribution plans may be the same, they operate in different environments and with different priorities.
New Hire Roundup: IMCA Names Whiting National Sales Director
John Carter of Nationwide was named IRI board chairman, and Tom Petrone became director of capital markets at Dynasty Financial Partners.
New Hire Roundup: Clearbrook Names Leslie Billet Managing Director
Deb Clarke has become Mercer's global head of investment research, and Bruce Graham recently joined CAPTRUST Financial Advisors as a vice president and advisor.
Will Nebraska Bail Out Illinois? News Analysis
When the scale of the pension problem becomes manifest in current state budgeting, will politicians seek to nationalize the problem with a taxpayer bailout, ask fiscally prudent Nebraska to help profligate Illinois?
S&P 1500 Pension Plan Funding at Highest Point Since 2008
A new report from research and consulting firm Mercer could lessen pension fears.