Hewitt Associates and Frank Russell will combine forces at the end of this month to offer the SmartDC program, a fully bundled manager-of-managers program for large and midsized U.S. defined contribution plan investors. Frank Russell will handle manager selection, oversight and monitoring of 21 multimanager commingled funds; and Hewitt will handle record keeping, administration, communication and education services. Access to most available mutual funds and stocks will be through a self-directed brokerage window through CSFBdirect, the online brokerage service of Credit Suisse First Boston.
Hewitt Associates and Frank Russell will combine forces at the end of...
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