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Rating:The Fundster 401k Roundup, March 23-29 Not Rated 1.0 Email Routing List Email & Route  Print Print
Friday, March 29, 2019

The Fundster 401k Roundup, March 23-29

Reported by Neil Anderson, Managing Editor

A key, veteran retirement plan executive is moving on from a midwestern insurer after seven years. There is no official word yet on who will fill his shoes.

Stacy Ann Bucchere
Bank of America
Head of Defined Contribution
Ten years post-financial crisis, a giant insurer's bundled retirement plan provider arm is rebranding, again.

At an asset manager with $196 billion of AUM, a nine-year company veteran is taking over as managing director and head of retirement and subadvisory. His predecessor recently joined a midwestern shop as head of financial institutions and national accounts.

A 37-year-old asset manager's distribution chief is restructuring the firm's DC I-O approach, cutting several jobs in the process.

B-D home offices are increasingly important to asset managers in the DC I-O channel, as they are in the wealth management world. A giant, full-service broker-dealer launched a 3(38) fiduciary service, whereby its FAs can offer 401(k) plan sponsors a service where the B-D's home takes full discretion over selecting and monitoring investments for the plans' investment lineups.

As always, this edition of MFWire's Fundster 401k Roundup column is powered by our DC-focused sister publication, 401kWire

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