NFP, an insurance broker and retirement consultant, has acquired Pension Solutions Inc., a Cleveland, Ohio-based a registered investment adviser that advises on about $1.1 billion in assets for 150 retirement plans. Terms of the acquisition, which closed Dec. 31, were not disclosed.
Pension Solutions, which was founded in 1999, is the parent of AdviseMe National Advisors.
David Krasnow and Beth Krasnow, principals of Pension Advisors, will join NFP as senior vice presidents in its central region.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
