Asset management

Aug. 14: After following the industrywide digital-first movement in its acquisition of MyVest, TIAA is now examining how it serves its clients.

The negotiations come as asset managers seek to increase the amount of money they oversee amid growing pressure to slash fees.

As it readies for a massive pruning of its mutual fund family, Columbia Management Investment Advisers is promising a stronger, more affordable lineup.

The web-based 401(k) software has created a Plan Management Dashboard that rates plans for sponsors and advisers and how the scores compare to similar plans.

Chief Executive Officer Edward “Ned” Johnson has told the firm’s adviser services division to reduce its profit margin targets

SEI Investments has launched SEIBusinessBuilder.com to assist planners with marketing and client relationship issues.

ING Pilgrim Funds of Scottsdale, Ariz. has filed a preliminary proxy with the Securities and Exchange Commission seeking to replace J.P. Morgan of New York as the sub-advisor to its Pilgrim Research Enhanced Index Fund with Aeltus Investment Management of Hartford, Conn., an affiliated company, according to the proxy.

Aegon USA/Transamerica of Los Angeles has formed a new investment management company, principally to give equity interest in the new company to the portfolio managers and other key executives formerly with Transamerica Investment Services, said Richard Latzer, chief executive officer of the new investment advisor, Transamerica Investment Management.

The Managers International Equity Fund has hired a third manager to sub-advise a portion of the $675 million fund.