3+ day, 22+ hour ago   (160+ words) Pooled employer plan assets totaled $34 billion as of year-end 2025, according to survey data. The Standard Insurance Co., a subsidiary of StanCorp Financial Group Inc., announced today that it surpassed $5 billion in pooled employer plan assets under administration. In July, the…...

3+ day, 23+ hour ago   (166+ words) Fintech company Envestnet Inc., which serves $8 trillion in platform assets, is acquiring Vestmark Inc., a provider of portfolio management technology, and trading and outsourced investment management services. Envestnet’s assets include those it has under management and under administration, plus some…...

4+ day, 6+ hour ago   (205+ words) UBS hires 3 advisers in Bethesda office; Wealth Enhancement acquires Arbor Capital Management; Glenmede expands senior leadership team in 4 offices; and more. The acquisition closed on August 31 and is Wealth Enhancement’s first location in Alaska. As of July 31, Wealth Enhancement had…...

1+ week, 2+ day ago   (248+ words) planadviser Retirement plan adviser and wealth management firm Prime Capital Financial announced Tuesday its launch of an endowments and foundations practice, offering these clients outsourced CIO and other fiduciary management services. The new business line will provide tailored investment management,…...

1+ week, 4+ day ago   (516+ words) Midwest Financial Group becomes Osaic affiliate; Socha partners with Savant Wealth Management; Sequoia Financial acquires BSW Wealth Partners; and more. Midwest Financial Group, a financial planning, wealth management and employee benefits firm based in Madison, Wisconsin, joined the network of…...

1+ week, 5+ day ago   (382+ words) The collective investment trusts are intended for professionally managed products and services. Two financial service firms recently announced the launch of collective investment trusts designed to provide retirement plan participants with additional access to private-market investments. Constitutional Capital Partners, an…...

1+ week, 5+ day ago   (255+ words) planadviser National Professional Planning Group Inc. is acquiring ProManage LLC, a managed account and financial wellness app provider. Based in Chicago, ProManage had $4.33 billion in assets under management, as of July 31. According to a company announcement, ProManage will keep its…...

1+ week, 5+ day ago   (91+ words) USI’s sale price is approximately six times the size of KKR’s original equity investment in the insurance broker and 3.4 times KKR’s total investment in USI. The transaction was unanimously approved by the boards of directors of both Aon and USI…...

2+ week, 3+ day ago   (397+ words) Mercer Advisors acquires NorthAvenue Financial Advocates; LPL adds Conte Wealth Advisors; Carson Group adds 2 new advisers to independent channel; and more. Mercer Global Advisors Inc., a registered investment adviser, acquired NorthAvenue Financial Advocates, a Columbus, Ohio-based wealth management firm with…...

2+ week, 4+ day ago   (691+ words) For defined contribution investment only companies, competition has never been tougher, as large asset managers continue to leverage scale, distribution reach and technology investments to gain market share. At the same time, experts say, the rise of managed accounts, retirement…...