Articles tagged "Empower"
Fidelity Investments reveals 'all-time high' 401(k) plan sponsor discontent, thanks to DOL monkey wrench that creates 'race to bottom,' key expert adds
Some 47% of plan sponsors are considering a new advisor, up from 34% last year, and 48% are considering a change of recordkeepers.
September 13, 2022 at 1:51 AM
Empower climbs to $1.4 trillion on fifth acquisition--Prudential's record-keeping business-- but Fidelity hit the $1.4-trillion mark in 2014 and is pulling away on organic growth alone
Empower's $3.4 billion deal ups total assets to $1.4 trillion, a distant second to Fidelity's $3.2 trillion in administered assets.
July 24, 2021 at 3:09 AM
Jeff Carney will step down immediately from IGM Financial Inc. after early on-set Alzheimer's diagnosis; Nova Scotia Bank exec James O'Sullivan replaces him
The CEO made his mark at Fidelity, Schwab and Personal Capital in addition to turning around the Canada wealth manager and asset manager
September 15, 2020 at 4:00 PM
IPO dreams die, but Personal Capital gets '$1 billion' price tag from life insurance giant's 401(k) unit that includes a de facto discount from early-bird VC dollars
Empower's sister company has built a 25% stake in Personal Capital since 2016 and test drove the company with two board members.
July 1, 2020 at 2:26 AM
Voya CEO Charlie Nelson gets payback by winning the $21.6 billion New York City 401(k) and 457-plan recordkeeping from Empower, which passed him over twice for promotions
The Voya CEO redeems himself after losing the $45 billion Lockheed Martin plan to Empower
December 20, 2018 at 8:00 PM
Bob Reynolds -- 11 years after leaving Fidelity -- is going after its fatter margins with a beefed-up virtual RIA
The Empower CEO will add 300 fiduciary advisors and apply a Canadian robo and Apex Clearing custody to de-clunk the underwhelming existing rollover
November 19, 2018 at 8:26 PM
Vanguard's 401(k) recordkeeper, Ascensus, gets set to roll up a world of third party administrators to create a small plan superpower
With recent Great-West poach and David Musto running the show the Dresher, Pa.-based TPA adds 14 firms in 16 months and sets sights on dozens more, as roll-up strategy takes flight
April 27, 2018 at 5:46 PM
After a six-month pause, Voya fills the Maliz Beams void with a 401(k) ace whose advancement stalled
Charlie Nelson was passed over twice at Great-West but has now landed a giant opportunity
April 28, 2015 at 7:32 PM
Empower wins Apple's $3.5-billion 401(k) account from Schwab
Bob Reynolds delivers quick response to the question of whether a branded company will swallow his new brand
November 14, 2014 at 8:08 PM
The second-largest 401(k) provider drops 'Great-West' for 'Empower'
The name chosen for the second-largest retirement firm hits a mark but may face the challenge of seeming jargony