NU Online News Service, Oct. 16, 8:40 a.m. – Hewitt Associates, Lincolnshire, Ill., a management consulting and outsourcing firm, and Frank Russell Company, Tacoma, Wash., a multi-manager investment services firm, announced they are joining forces to create a defined contribution program aimed at providing increased investment discipline and comprehensive outsourcing services.
The two firms will offer SmartDC as a "manager-of-managers" investment program with a level of investment oversight similar to that associated with traditional defined benefit plans, the companies say.
