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News Stories Archives - Since 1998
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A Mutual Fund Servicer is Back on the Block
Will the search end with a deal this time around?..
MutualFundWire.com -
Tuesday, January 19, 2010
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Reader Rating: 3
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Sale Buzz Surrounds a Bank's Mutual Fund Unit
The bank has hired an investment bank to explore a sale of its fund arm...
MutualFundWire.com -
Monday, January 04, 2010
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Reader Rating: 4
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The PNC Deal Could Come Next Week. What Will the Price Tag Be?
The PNC deal chatter has hit the mainstream, with The Wall Street Journal reporting Thursday afternoon that a deal could be announced as soon as next week...
MutualFundWire.com -
Thursday, January 28, 2010
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Reader Rating: 3
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PNC and BNY Mellon Seal the Deal
The deal creates the No. 2 provider of fund accounting, administration & transfer agency services to fund managers globally...
MutualFundWire.com -
Tuesday, February 02, 2010
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Reader Rating: 4
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Two Asset Managers are Set to Become One
The merger is set to occur at the end of the month...
MutualFundWire.com -
Friday, September 04, 2009
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Reader Rating: 1
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Pioneer Taps Hancock, Ameriprise Alums for a Renamed Group
The Boston-based fund firm recently changed the name of its relationship management and strategic alliances group...
MutualFundWire.com -
Wednesday, December 16, 2009
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Two Fund Families are Now One
The marriage of PNC and Allegiant funds became complete this week...
MutualFundWire.com -
Tuesday, February 09, 2010
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Reader Rating: 3
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The Firsthand Funds Drama Takes Another Twist
Conceived in the early days of the dot com bubble, Firsthand Funds has been buffeted by events ever since. Now the only Silicon Valley-headquartered
firm is making another big change...
MutualFundWire.com -
Wednesday, August 05, 2009
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Reader Rating: 5
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Abby Johnson Prepares to Step into the Spotlight
A look at what's coming up this month in the fund world...
MutualFundWire.com -
Monday, February 01, 2010
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A Bank Moves Away from the Proprietary Fund Biz
From a dozen funds, the bank will have two proprietary funds
left as it transitions to an open architecture approach...
MutualFundWire.com -
Monday, March 29, 2010
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Coates Loses Coates
The analytics company has said goodbye to its founder, as well as its head of sales...
MutualFundWire.com -
Friday, May 28, 2010
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Reader Rating: 5
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The BGI-BlackRock Deal Comes With Job Loss
Updated | BlackRock's deal with Barclays officially closed Tuesday, making BlackRock the world's largest asset manager. The combined firm names posts for executives and says goodbye to almost 100 employees..
MutualFundWire.com -
Tuesday, December 01, 2009
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BNY Mellon is Hiring Managers from Coast to Coast
The wealth management firm has already hired four in Boston and Pacific Northwest..
MutualFundWire.com -
Tuesday, March 16, 2010
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BNY Mellon Execs Discuss the Price of the Deal
BNY Mellon's head honchos talk about the price tag of the deal, which works out to 2.85 times PNC Global Investment Servicing's 2009 revenue...
MutualFundWire.com -
Tuesday, February 02, 2010
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Reader Rating: 4
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Post-Deal, a Fund Chief Moves On
The fund executive is now with a manager of fund of hedge funds...
MutualFundWire.com -
Wednesday, December 02, 2009
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Reader Rating: 5
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A Chicago Firm Moves Out of the Retail Fund Track
Saying that retail mutual fund operations and distribution
are not its core area of expertise, a Chicago firm inks a deal that will move eight mutual funds to HighMark Capital Management...
MutualFundWire.com -
Tuesday, February 17, 2009
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PNC Global Investment Servicing Quintuples Income as Sale Looms
BNY Mellon will close its acquisition of the asset management back office specialist in Q3...
MutualFundWire.com -
Thursday, April 22, 2010
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Reader Rating: 4
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Virtus Secures $30 Million
The asset manager uses $15 million to pay other debts...
MutualFundWire.com -
Friday, September 04, 2009
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Aston Partners with a Fellow Chicagoan for its New Fund
Aston Asset Management adds a new small-cap fund after closing two in 2009...
MutualFundWire.com -
Friday, January 15, 2010
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Hennion & Walsh Names its New Mid-Atlantic Wholesaler
The New Jersey firm, which operates the SmartGrowth Lipper mutual funds, brings on board an Allegiant alum...
MutualFundWire.com -
Friday, January 15, 2010
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Eaton Vance Tackles Real Return
The Boston-based mutual fund firm unveils its latest offering...
MutualFundWire.com -
Thursday, April 15, 2010
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Post-Deal, BNY Mellon Reveals Roles for Wynne, Wolcott
BNY Mellon Asset Servicing, which last week finished its purchase of PNC Global Investment Servicing, has created a new group...
MutualFundWire.com -
Tuesday, July 06, 2010
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PFPC Rebrands with a Familiar Name
PFPC is making a push in the global marketplace...
MutualFundWire.com -
Monday, July 14, 2008
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A New Fund Firm Makes a "Foolish" Bet
A fund industry critic is making what could be termed as a "foolish" bet on mutual funds...
MutualFundWire.com -
Monday, January 26, 2009
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Reader Rating: 5
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A Retirement Exec Leaves BlackRock
BlackRock bids adieu to a DC vet as Bank of America digests Merrill Lynch...
401kWire.com -
Friday, March 27, 2009
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Reader Rating: 1
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Fink Wants to Buy
What might BlackRock acquire?..
MutualFundWire.com -
Tuesday, April 21, 2009
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Will PNC Break Up With BlackRock, Too?
One pub speculates that BofA may not be the only bank looking to unload its shares in the giant asset manager...
MutualFundWire.com -
Tuesday, August 17, 2010
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Where Will Citi's Fund Services Unit End Up?
The plight and bailout of the banking have led at least some in the media to wonder what lies next for its only remaining mutual fund-focused business...
MutualFundWire.com -
Monday, November 24, 2008
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Reader Rating: 4
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At Schwab, Money Fund Waivers Drag Down Asset Management Fees by 20 Percent
Money market fund fee waivers rose to $110 million in the fourth quarter...
MutualFundWire.com -
Wednesday, January 20, 2010
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Aston Grows its Mutual Fund Roster
The Chicago firm unveils a new fund sub-advised by Herndon Capital Management...
MutualFundWire.com -
Wednesday, March 31, 2010
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Allegiant Prepares to Pledge to a New Parent
National City is about to change hands...
MutualFundWire.com -
Friday, October 24, 2008
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BNY Mellon Sells Stock to Pay PNC
BNY Mellon on Friday unveiled plans to sell $700 million of its common stock...
MutualFundWire.com -
Friday, June 04, 2010
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A Hewitt DC Partner Changes Hands
A bank buyout puts a fund firm into new hands. So what happens to its current retirement plan administration deal?..
401kWire.com -
Friday, October 24, 2008
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How Much Did Goldman Sachs Net?
PNC Asks Jeeves ... How Much Did Goldman Sachs Net?..
401kWire.com -
Tuesday, March 20, 2001
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Reader Rating: 3
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PNC Promotes Wolcott
The mutual fund servicing company has promoted one of its top executives...
MutualFundWire.com -
Wednesday, December 03, 2008
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Reader Rating: 5
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PNC to Hike its Stake in BlackRock
PNC Financial is boosting its BlackRock stake to help fund the New York manager's purchase of BGI...
MutualFundWire.com -
Thursday, June 18, 2009
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Reader Rating: 5
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PFPC Names a New CEO
A 31-year company vet has moved to the CEO spot at the Pittsburgh-based back-office provider while Timothy Shack remains chairman and CIO...
MutualFundWire.com -
Wednesday, March 05, 2008
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GE Seeks Relief After Settlement Over Iraqi 'Oil-for-Food' Program
The firm is seeking relief from a rule that could cause its RIA and distribution firm from being barred from serving mutual funds...
MutualFundWire.com -
Tuesday, July 27, 2010
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Reader Rating: 5
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BlackRock's Parent Attacks Neuberger Over $75K
A currency that never materialized sparks a lawsuit between a bank and a newly independent asset manager...
MutualFundWire.com -
Thursday, February 26, 2009
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PNC Financial Plans to Cut 5,800 Jobs
The Pittsburgh firm plans to slash 5,800 jobs after its acquisition of Allegiant Asset Management parent National City Bank...
MutualFundWire.com -
Tuesday, February 03, 2009
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Northern Funds Links Up with PFPC Portal
Northern Funds, managed by Northern Trust, have joined the AdvisorCentral portal, operated by PFPC...
MutualFundWire.com -
Wednesday, June 20, 2007
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Reader Rating: 3
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Doing the Job Shuffle at Merrill
Steven E. Buller has stepped down as Chief Financial Officer at BlackRock, he will remain with the firm as head of Global Accounting Policy and Controls. Paul L. Audet, head of BlackRock’s Cash Management business and former chief financial officer, will again become CFO...
MutualFundWire.com -
Wednesday, March 28, 2007
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Treasury Plunge Drives Two Money Funds to Close
The WSJ examines the impact of falling Treasury yields on some money market funds...
MutualFundWire.com -
Thursday, December 11, 2008
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Confluence Taps Two Ex-Execs for its Board
The Pittsburgh-based provider of data management products to investment management firms has added two members to its board of directors...
MutualFundWire.com -
Wednesday, October 17, 2007
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PFPC Pushes Start-Up Fund Service
The firm has tapped a sales head to lead the push of its RBB Fund Family...
MutualFundWire.com -
Friday, May 30, 2003
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Reader Rating: 2
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A Fund Servicer Reaches Across a New Continent
A distribution outsourcer expands overseas...
MutualFundWire.com -
Tuesday, May 26, 2009
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Reader Rating: 5
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WyStar is Sold, What is Next?
What does Wachovia get out of the deal and will it succeed as an outsourcer?..
401kWire.com -
Thursday, April 17, 2003
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Reader Rating: 5
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Delaware Investments Hires Head of Equity Investments
Michael J. Hogan has joined Delaware Investments, a affiliate of Lincoln Financial Group, as head of equity investments...
MutualFundWire.com -
Monday, April 16, 2007
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PNC Adds an Analytics Firm to its Repertoire of Acquisitions
PNC has acquired Chadds Ford, Pa.-based Coates Analytics Group LP...
MutualFundWire.com -
Monday, December 10, 2007
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Reader Rating: 3.33
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New Administrator on the Block
A SoCal startup is taking over administration for 2,600 retirement plans from one of the big service bureaus...
401kWire.com -
Thursday, May 24, 2001
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Reader Rating: 3
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What is Going on in the Citi?
Citigroup officials face sleepless nights as the U.S. Attorney opens a probe with a new wrinkle...
MutualFundWire.com -
Wednesday, November 26, 2003
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Reader Rating: 3
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Columbia Management Hires BlackRock Vet
Bank of America's investment management division has tapped a BlackRock veteran as managing director and senior portfolio manager for cash investments...
MutualFundWire.com -
Tuesday, May 01, 2007
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A Rollover Provider Doubles its Sales Force and Searches for More
Meanwhile, the IRA specialist also solidifies another provider partnership...
401kWire.com -
Thursday, April 01, 2010
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Reader Rating: 5
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BlackRock Targets the Pros with New Website
The New York money manager has launched a new Web site geared towards financial professionals...
MutualFundWire.com -
Tuesday, October 02, 2007
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Reader Rating: 3
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A Fund Servicer Sees its Q1 Earnings Slide 66 Percent
The fund servicer earned $10 million during the first three months of the year...
MutualFundWire.com -
Thursday, April 23, 2009
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Reader Rating: 3
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PFPC Promoting Impress Desktop
The back-office firm takes advantage of NICSA to get the word out. Plans more features for second quarter...
MutualFundWire.com -
Wednesday, February 26, 2003
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Reader Rating: 5
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PNC Preps Administration Service for ETFs
The fund servicer formerly known as PFPC plans to roll out full-service administration for ETFs this year...
MutualFundWire.com -
Wednesday, January 07, 2009
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Reader Rating: 5
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PFPC Vet Returns to Fold
The Transfer Agency arm of the PNC unit wins back a senior vice president...
MutualFundWire.com -
Wednesday, November 20, 2002
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Reader Rating: 5
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Wachovia Retirement to Buy PFPC Retirement
The Charlotte-based provider aims to expand its line of services with a key new acquisition slated to close relatively soon...
401kWire.com -
Thursday, April 17, 2003
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Reader Rating: 4
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M&I Bests its Mid-Market Rivals Anew
The Wisconsin-based plan provider again came out at the top of the heap in 401kExchange's Mid-Market Ratings...
401kWire.com -
Friday, January 23, 2009
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Reader Rating: 4
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PFPC Trust Promotes Sparhawk
He will head up the custody and securities lending operations at the firm...
MutualFundWire.com -
Thursday, May 15, 2003
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PFPC Offers Wash Sales Tool as a Stand-Alone Product
The wash sales tool will also now cover fixed income investments as well as equities...
MutualFundWire.com -
Tuesday, March 11, 2003
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Fink's Financing Nail-Biter Comes to Light
The WSJ narrates how Larry Fink lined up $2.8 billion after BlackRock's relationship with the so-called 'Queen of British Football' went sour...
MutualFundWire.com -
Tuesday, June 23, 2009
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Reader Rating: 3
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PFPC Names Distribution Arm Chief
The unit has a new CEO and president to build out a national wholesaling effort...
MutualFundWire.com -
Thursday, July 03, 2003
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Reader Rating: 4
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PFPC Adds Private Equity Tools
The new features will cut the costs associated with these investments the firm claims...
MutualFundWire.com -
Friday, June 14, 2002
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It's Bid Day for Zurich Scudder
Bidders are reportedly readying their offers for the investment management arm of Zurich Scudder.
..
401kWire.com -
Friday, June 29, 2001
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Reader Rating: 3
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MetLife Reportedly to Sell State Street Research
A New York bond manager is the reported buyer of the fund unit now owned by MetLife. A report says negotiations are well along.
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MutualFundWire.com -
Wednesday, August 18, 2004
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Newly Rechristened PNC Global to Boost its Headcount
The Wilmington, Delaware-based fund administrator, which underwent a name change last week, will more than double its staff in Pittsburgh...
MutualFundWire.com -
Tuesday, July 22, 2008
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Reader Rating: 5
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Hilliard Lyons Renews Contract With SunGard
The Louisville, Kentucky-based firm has inked a multi-year contract renewal for SunGard's wealth management technology platform...
MutualFundWire.com -
Monday, August 20, 2007
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Reader Rating: 3
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Merrill Lynch Fund Arm is in Play
Did The Wall Street Journal get spun by Merrill Lynch? A close reading of its Monday morning article sure makes it look that way. The paper seems to have taken a straightforward sale of Merrill Lynch's asset management arm and transmogrified it into a purchase by the brokerage giant...
MutualFundWire.com -
Monday, February 13, 2006
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Bisys Cuts a Deal
The firm is extending its business with its latest acquisition.
..
401kWire.com -
Tuesday, March 12, 2002
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Reader Rating: 3
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Pyramis Names CIO
Pyramis Global Advisors, a unit of Fidelity Investments, has named the former head of Gartmore Global Investments as its first chief investment officer. The appointment of Young Chin completes the formation of the firm's investment management leadership team, the Boston-based company said in a news release Wednesday.
..
MutualFundWire.com -
Wednesday, March 22, 2006
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Delaware Hires Muni Expert
The new manager will focus on portfolio construction and strategy...
MutualFundWire.com -
Friday, June 25, 2004
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PFPC Expands Services to Hedge Funds
The vendor signs an agreement to offer auto Web-based reporting solution...
MutualFundWire.com -
Monday, March 31, 2003
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Reader Rating: 4
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State Street Chief Goes to the White House
Ronald Logue was one of 15 bank executives who met with President Obama last Friday...
MutualFundWire.com -
Monday, March 30, 2009
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PNC's Voting Power at BlackRock Grows
Bank of America will keep Merrill Lynch's stake in BlackRock, but it will have less voting rights than Merrill had...
MutualFundWire.com -
Wednesday, December 31, 2008
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Access Data BizDev Director Moves On
Don Doherty left the Pittsburgh-based consultant to take a sales opportunity at one of the leading back-office firms...
MutualFundWire.com -
Tuesday, October 22, 2002
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Allegiant Plans to Shut Down a Small Cap Fund
Allegiant plans to liquidate a small cap fund in May, citing the fund's assets and expense structure...
MutualFundWire.com -
Thursday, March 26, 2009
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BlackRock Pulls Trigger on MLIM Deal
BlackRock, Inc. and Merrill Lynch announced their plan today to merge Merrill Lynch’s asset management arm and BlackRock. The deal will make BlackRock one of the world's ten largest asset managers with nearly $1 trillion in assets under management when it closes in September...
MutualFundWire.com -
Wednesday, February 15, 2006
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Reader Rating: 3.75
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Is Allegiant's Parent Ready for a Deal?
National City may be considering a sale...
MutualFundWire.com -
Thursday, October 09, 2008
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PFPC Seeks Sales
The unit of PNC Bank is seeking sales people to move WyStar...
401kWire.com -
Tuesday, June 26, 2001
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Reader Rating: 3
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BlackRock Adds to Fixed-Income Team
The New York investment manager has hired a Wachovia vet to be the co-head of U.S. fixed income...
MutualFundWire.com -
Tuesday, June 17, 2008
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The Price is Nice for BlackRock
The New York money manager gets its retail wish as BlackRock pulled the trigger to buy MetLife's State Street Research unit for $325 million in cash and $50 million in stock Thursday morning. The deal is set to close in early 2005...
MutualFundWire.com -
Thursday, August 26, 2004
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BlackRock Preps to Swallow Two Funds
Larry Fink is about to bring more mutual fund investors under his brand...
MutualFundWire.com -
Friday, August 08, 2008
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Reader Rating: 3
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Emplanet Reveals Plans
The CEO of the eRecordkeeper outlines details of the next event at the firm...
401kWire.com -
Tuesday, March 04, 2003
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Reader Rating: 1.6
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Merrill Lynch Swoops Into Talks With BlackRock
With Morgan Stanley stepping away from a deal with New York based money manager BlackRock Inc., Merrill Lynch has stepped up to the plate. The wirehouse is now in talks to acquire a minority stake in BlackRock for a reported $8 billion in exchange for its fund business...
MutualFundWire.com -
Monday, February 13, 2006
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Reader Rating: 2.33
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Bank 401k Coalition Grows
The Bank Retirement Plan Coalition has just named three more members to its alliance of banks that provide 401(k) plan services. The three are BB&T, PNC Bank, and Wachovia...
401kWire.com -
Tuesday, March 09, 1999
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Reader Rating: 3
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Bank Wins Wireless
Bundled vendor taps the plan of a wireless giant...
401kWire.com -
Thursday, February 22, 2001
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Reader Rating: 3
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RSM McGladrey Tops Rankings In Small Market
The Minneapolis-headquartered firm's retirement unit emerged on top in the $1 million to $10 million market based on client satisfaction...
401kWire.com -
Wednesday, August 02, 2006
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Reader Rating: 1
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Insurer Says DC Annuity Approach is Gaining Ground
Four more plan sponsors are set to add the Virginia-based insurer's retirement income product as an option...
401kWire.com -
Friday, November 16, 2007
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Reader Rating: 4
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Top Dog At TSP Is Resigning
The man overseeing the nation's largest DC plan is said to be leaving his post...
401kWire.com -
Wednesday, January 24, 2007
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Reader Rating: 1
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New Prez at PFPC
PFPC has promoted Stephen M. Wynne to president from chief operating officer. Wynne reports directly to Timothy G. Shack, chairman and chief executive officer of PFPC...
MutualFundWire.com -
Friday, January 21, 2005
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PNC Unloads Hillard Lyons
PNC Financial Services Group has sold its full service brokerage subsidiary, J.J.B. Hilliard, W.L. Lyons to Bowling Green, Ky.-based Houchens Industries, Inc...
MutualFundWire.com -
Monday, November 19, 2007
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Reader Rating: 3.29
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Putnam Brings a Third-Party RI Product to a Broader Client Base
A year after one of its plan sponsor clients went live with the product, Putnam is making the guaranteed income 401k offering available to around 700 plan sponsors...
401kWire.com -
Friday, June 06, 2008
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Reader Rating: 4.5
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Broker Wars, Wachovia Style
PNC Investments asked a judge yesterday to halt Wachovia Securities to recruit its brokers and steal its secrets...
MutualFundWire.com -
Tuesday, December 18, 2007
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Reader Rating: 3
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PFPC Targets TPAs for WySTAR sales
The software firm is moving downmarket to take on SunGard and others...
401kWire.com -
Thursday, October 31, 2002
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Reader Rating: 4.5
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Riggs - PNC Deal is No News for Funds
The latest bank deal does not affect the fund world...
MutualFundWire.com -
Friday, July 16, 2004
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Reader Rating: 4
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PFPC Head Goes to DotCom
PFPC's Guillocheau has left the firm to surf to a Cambridge-based tech company...
401kWire.com -
Friday, September 29, 2000
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Reader Rating: 3
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PFPC Sales Exec to Leave
The WyStar sales exec will leave later this month...
401kWire.com -
Thursday, March 13, 2003
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Bundler Keeps Plan, but Loses Fees
A Wisconsin sponsor awards its plan to its incumbent provider, but only after revamping the plan's fee structure...
401kWire.com -
Thursday, January 27, 2005
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Reader Rating: 3
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A Retailer Tosses Its DC Match
Another large plan sponsor continues the trend...
401kWire.com -
Friday, January 30, 2009
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