Prudential Financial has reorganized its remaining retirement business units, creating Prudential Retirement Strategies, which will serve individual and institutional customers.
The changes follow the July announcement that Prudential is selling many parts of its retirement business, including its defined-contribution, defined-benefit, nonqualified and rollover IRA, stable value and separate accounts units, to Empower Retirement.
The new unit, which is being led by Dylan Tyson, combines Prudential’s individual annuities business and its institutional retirement business, which includes pension risk transfer and international reinsurance.
Yanela Frias, previously president of Prudential Retirement, will become president of Prudential’s group insurance business. Frias also retains responsibility for the company’s retirement plan record-keeping and administration business until its sale to Empower closes, which is expected in the first quarter of 2022.
Jamie Kalamarides, president of the group insurance business, will be leaving Prudential after the transition of his responsibilities to Frias.
New BCG research names financial services among the world's most AI-exposed industries and the US as a top-tier AI economy.
Rockefeller Capital Management's Mallory Findley on how avoiding conversations risks derailing even the best-laid estate plans.
New Empower research reveals a "retirement drift" problem that hands financial advisors a direct opening to add client value.
Nevis joins Jump at RIA platform Focus as both vendors’ AI tools aim to handle account opening and notetaking.
Ballast Rock Private Wealth has also brough on a veteran advisor focused on multigenerational planning for business owners and families.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
