On Tuesday, Shares of Wells Fargo & Company (NYSE:WFC), lost -1.26% to $57.21.
Wells Fargo & Company declared that it has entered into a contract to offer Financial Engines’ (FNGN) suite of institutional retirement planning solutions to companies with 401(k) plans record kept by Wells Fargo. As the nation’s largest independent registered investment advisor1, Financial Engines is the leader in providing high-quality advisory services to retirement plan participants. Wells Fargo anticipates a release date of mid-2016, at which time retirement plan sponsors on the Wells Fargo recordkeeping platform can elect to add this expanded offering to their retirement benefit plans to assist participants make the most out of their retirement savings.
The new direct offering comprises of Financial Engines’ full suite of advisory services for 401(k)-type retirement plans, counting:
- Professional Administration - a discretionary personalized administration service for participants who want to partner with or delegate the administration of their retirement accounts to a professional;
- Online Advice - personalized online savings and investment advice and retirement income projections for investors who want to manage their retirement themselves;
- Income+ - a retirement income solution that provides steady and flexible income in retirement; and
- Income planning and Social Security claiming guidance through Financial Engines’ well-regarded Social Security Planner.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of ON Semiconductor Corp. (NASDAQ:ON), declined -4.03% to $10.01, during its last trading session.
ON Semiconductor Corporation declared that Alan Campbell has joined its Board of Directors.
“Alan Campbell is an outstanding addition to our Board of Directors,” said Dan McCranie, chairman of ON Semiconductor’s Board of Directors. “He brings noteworthy industry knowledge, coupled with his extensive financial background at Freescale Semiconductor. Mr. Campbell will be a valuable addition to the Board, as we continue to grow our business through planned acquisitions and organic growth, while aligning the company toward our vision of becoming the premier supplier of energy efficient system solutions worldwide.”
Mr. Campbell brings more than 30 years of global industry experience to the Board of ON Semiconductor. He served as the Chief Financial Officer (CFO) at Freescale Semiconductor from May 2004 to June 2014. During his tenure at Freescale, Mr. Campbell guided Freescale through its initial public offering (IPO) in 2004, a leveraged buyout in 2006 and a second public offering of shares in 2011. Preceding to serving as CFO, Mr. Campbell served as Senior Vice President and Director of Finance of the Semiconductor Product Sector (SPS) division of Motorola, Inc. from February 2000 to May 2004. He also serves as a director of Dialog Semiconductor.
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
Finally, Ruckus Wireless, Inc. (NYSE:RKUS), ended its last trade with -3.48% loss, and closed at $11.65.
Ruckus Wireless declared that Seamus Hennessy, chief financial officer, will be presenting at the 18th Annual Oppenheimer Technology, Internet & Communications Conference in Boston on Wednesday, August 12, 2015.
Ruckus Wireless, Inc. provides carrier-class Wi-Fi solutions to service providers and enterprises worldwide. It provides gateways, controllers, and access points with related software and services.
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