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2 weeks ago | 
planadviser.com | Alison Cooke Mintzer
Edward Jones Announces Changes to Executive TeamEdward Jones is evolving its enterprise leadership team, effective June 1, the company announced. David Chubak will assume a new role as head of wealth management and field management. Lena Haas, currently responsible for WMAS, will retire at the end of this year. David Gunn, who currently leads the Canada business unit, will also assume responsibility for the US business unit.
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2 weeks ago | 
planadviser.com | Alison Cooke Mintzer
David Gillman Joins Absolute Capital as Regional Vice PresidentAbsolute Capital has hired David A. Gillman as regional vice president, where he will be responsible for managing and growing the firm’s RIA relationships. In this role, Gillman will support independent RIAs as they use the firm’s Workplace Investment Navigator platform for the integration and direct management of held-away client assets in 401(k), 403(b), 401(a) and 457 plans.
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3 weeks ago | 
planadviser.com | Alison Cooke Mintzer |James Van Bramer
The Department of Labor is considering rescinding a 2022 rule that permits retirement plan fiduciaries to consider environmental, social and governance factors when making plan investments.
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3 weeks ago | 
planadviser.com | Alison Cooke Mintzer
In a rare ERISA jury trial, a jury Wednesday awarded $38 million to a class of retirement plan participants alleging a fiduciary breach against Pentegra’s multiple employer plan. In the case Khan et al v. Board of Directors of Pentegra Defined Contribution Plan et al, a jury has found that fiduciaries of Pentegra’s more than $2 billion Multiple Employer Defined Contribution Plan for Financial Institutions breached their fiduciary duties by paying unreasonable recordkeeping and administrative fees.
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3 weeks ago | 
planadviser.com | Alison Cooke Mintzer |Remy Samuels
OneDigital Enhances Benefits Capabilities with BoliColi Acquisition OneDigital Investment Advisors LLC has acquired BoliColi, an independent consulting firm specializing in executive and director benefit solutions. The acquisition deepens OneDigital’s capabilities in the east region and enhances its ability to deliver tailored retention and financial wellness strategies for clients across the country, according to the announcement.
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1 month ago | 
planadviser.com | Alison Cooke Mintzer
Hub International announced appointments to the leadership teams of its U.S. employee benefits and retirement and private wealth units. Effective May 5, Mustafa Faizani will assume a new role as the executive vice president of U.S. employee benefits and retirement and private wealth. Faizani will report to Jack McGrath, president of HUB’s pacific region and a member of the executive management team.
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1 month ago | 
planadviser.com | Alison Cooke Mintzer
Yieldstreet to Launch Automated Private Markets Investing SolutionYieldstreet plans to introduce Yieldstreet 360 Managed Portfolios to accredited investors later this year. The company said this is the first automated private markets investing solution, allowing investors to passively diversify across private markets through a single solution. Yieldstreet 360 builds and manages diversified private markets portfolios that span thousands of underlying assets.
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1 month ago | 
planadviser.com | Alison Cooke Mintzer
In a 52-44 vote, the Senate voted Wednesday to confirm Paul Atkins as the chair of the Securities and Exchange Commission. Atkins, founder and chief executive of Washington, D.C.-based consultancy Patomak Global Partners, was also an SEC commissioner under President George W. Bush from 2002 through 2008, focusing on the financial services industry and securities regulation. His nomination as SEC chair was announced in December.
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1 month ago | 
planadviser.com | Alison Cooke Mintzer
Envestnet announced offerings of BlackRock custom model portfolios for registered investment advisers and direct indexing portfolios on the Envestnet unified managed account platform in collaboration with State Street Global Advisors. Making the announcements at its Elevate conference, the company announced both products will assist advisers in expanding offerings to meet the evolving demands of clients and the marketplace.
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1 month ago | 
planadviser.com | Alison Cooke Mintzer
Effective today, John Hancock Investment Management and John Hancock Retirement will be known as Manulife John Hancock Investments and Manulife John Hancock Retirement, respectively. These brands have been part of Manulife Wealth & Asset Management for more than 20 years, and the company intends the name change to reflect a deeper integration of the Manulife brand.
