Hewitt Associates and Frank Russell will combine forces at the end of...

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.