Scudder's Defined Contribution Services unit was recognized by the Profit Sharing/401(k) Council of America for the communications program it provided for the Timex Corp.'s defined contribution plan. Scudder was awarded first place in the "addressing asset allocation" category of the 1998 Signature Awards. Scudder was given the award because of its efforts to encourage employees to consider their asset allocation. At the end of the education program, more than 80 percent of the U.S. Treasury Strip assets of Timex's plan were transferred to diversified funds.
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Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
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The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
July 16 -
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
July 16 -
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
July 16 -
The accusations led to the end of 16 years at the firm.
July 15 -
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.
July 15