Prudential Financial has reorganized its remaining retirement business units, creating Prudential Retirement Strategies, which will serve individual and institutional customers.
The changes follow the July announcement that Prudential is selling many parts of its retirement business, including its defined-contribution, defined-benefit, nonqualified and rollover IRA, stable value and separate accounts units, to Empower Retirement.
The new unit, which is being led by Dylan Tyson, combines Prudential’s individual annuities business and its institutional retirement business, which includes pension risk transfer and international reinsurance.
Yanela Frias, previously president of Prudential Retirement, will become president of Prudential’s group insurance business. Frias also retains responsibility for the company’s retirement plan record-keeping and administration business until its sale to Empower closes, which is expected in the first quarter of 2022.
Jamie Kalamarides, president of the group insurance business, will be leaving Prudential after the transition of his responsibilities to Frias.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
