Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Retirement Planning > Retirement Investing

New Hire Roundup: Dubois and Wassmann Join LPL; Jenks Goes to Putnam; Adams to EBRI

By Marlene Y. Satter

X
Your article was successfully shared with the contacts you provided.

This week in new hires, Dubois and Wassmann join LPL; Stephen Jenks went to Putnam Investments; Nevin Adams joined EBRI; Donald L. McDonald became CEO at Prime Advisors; HighTower brought in Ann Rieder; and Barclays added 6 new advisors.

Also, the SEC advanced Brian A. Bussey and Peter J. Curley; Fred S. Fraenkel joined Fairholme Funds; Cole Real Estate Investments welcomed Stephan Keller; Michael Doshier went to Fidelity; and Ronald Pressman took a seat on New York Life’s board.

LPL Financial and Retirement Benefits Group Welcome Top Retirement Consultants Dan Dubois and Darin Wassmann
 
LPL Financial and Retirement Benefits Group (RBG), which provides retirement services to clients through LPL Financial, announced that Dan Dubois and Darin Wassmann have joined the firm. Dubois and Wassmann provide retirement guidance to institutional clients in the areas of plan design assistance, compliance and participant communication and education.

A 15-year veteran of the qualified plan marketplace, Wassmann currently services 30 retirement plans comprising $45 million in assets. He joins RBG as a managing director and will continue to operate from his office in Westlake Village, Calif.

Dubois, a leader in the financial services industry for over 25 years, is a leading specialist in designing, customizing and implementing association programs. Dubois will lead RBG’s affinity and association group marketing and service platform for retirement plans and will serve clients in Southern California from RBG’s San Diego office.
 
Putnam Names Stephen Jenks to Lead Product and Marketing Efforts for DC Business

Putnam Investments announced Monday that Stephen Jenks is the new head of product and marketing for its defined contribution business. In his new role, Jenks will focus on the positioning and expanded delivery of Putnam’s full-service and investment-only retirement offerings to the marketplace. Based in Boston, he will report directly to Edmund F. Murphy, III, director, defined contribution services.

Jenks joins from Acceleration Retirement LLC, where he served as CEO and was a cofounder. Prior to that, Jenks cofounded and served as managing director of a registered investment advisory firm, Stable Two Financial LLC, providing 401(k) plan consulting services to mid- to large-size sponsors. Earlier, he held several senior positions during a 16-year career at Fidelity Investments.

Retirement Sector Veteran Nevin Adams to Join EBRI

Nevin E. Adams, former global editor-in-chief of PLANSPONSOR magazine and its web counterpart PLANSPONSOR.com, will join the Employee Benefit Research Institute (EBRI) as director of education and external relations and co-director of EBRI’s center for research on retirement income with EBRI Research Director Jack VanDerhei.

Adams, to be based in Washington, has extensive experience in the retirement industry, having served in a series of senior management positions in both the defined benefit and defined contribution plan fields at Wachovia Bank and Northern Trust Corporation.

Prime Advisors Announces Promotion of Donald L. McDonald to CEO

Prime Advisors Inc. recently announced the promotion of Donald L. McDonald to CEO. McDonald joined Prime in May of 2009. A Princeton University graduate, McDonald served as executive vice president and chief investment officer of Jefferson Pilot Financial, which now is known as Lincoln Financial Corporation, and before that as president and chief investment officer of Conning Asset Management Company.

Hightower Names Ann Rieder Managing Director for Midwest Region

HighTower announced recently that Ann T. Rieder has joined the firm as a managing director responsible for HighTower’s Midwest territory. She is based in the firm’s Chicago headquarters and serves on HighTower’s diversity council.

Rieder brings more than 15 years of branch management and financial services experience to HighTower, having served at Morgan Stanley Smith Barney since 1996 in a number of senior management and national roles at offices across the U.S. Most recently, she managed the Morgan Stanley Smith Barney office in Oakbrook Terrace, Illinois, where she led a top private client and corporate services branch.

Barclays Adds 6 Advisors, 2 From BofA

Barclays Wealth said Friday that it recently hired six advisors, including one from Merrill Lynch and one from BofA-U.S. Trust in New York, Boston, Dallas and Miami; the combined assets under management for these six FAs is $3.3 billion, while their total yearly sales and commissions is $15 million.

“The addition of these talented advisors, with an average of 19 years of experience each, underscores our commitment to growing the business by attracting a select number of high performing investment representatives,” said Mitch Cox, head of Barclays Wealth Americas, and head of research and investments globally for the firm.

For more on Barclays’ new hires, go to the full AdvisorOne story.

SEC Names Brian Bussey and Peter Curley to Division of Trading and Markets Posts

The SEC recently announced that Brian A. Bussey has been named associate director for derivatives policy and trading practices and Peter J. Curley has been named associate director for clearance and settlement, both in the Division of Trading and Markets.

Bussey was named associate director for trading practices and processing in September 2009, and was assistant chief counsel in the Division from 2003 to 2009. From 2001 to 2003, he served as counsel to former SEC chairmen William Donaldson and Harvey Pitt and former Acting Chairman Laura Unger. He came to the SEC in 1998, first working as senior counsel in the Office of General Counsel and then as special counsel in the Office of Chief Counsel in the Division of Trading and Markets.

Curley will oversee the Division’s clearance and settlement program, which has been expanded significantly over the past two years. He has been an attorney fellow in the Division of Trading and Markets since August 2010.

Fred Fraenkel Joins Fairholme Funds as Chief Research Officer

Fred S. Fraenkel joined Fairholme Funds as chief research officer as of October 1, and will help coordinate research efforts at the firm. Fraenkel’s 30-plus years of experience include most recently serving as vice chairman of Beacon Trust Company. He was formerly chairman and founder of Millennium 3 Capital, and previously served as vice chairman at ING Barings Furman Selz and COO of Furman Selz.

Prior to joining Furman Selz in 1995, Fraenkel spent seven years at Lehman Brothers, Inc. Before Lehman, he was chairman and CEO of Market America Group, an investment advisory firm.

Stephan Keller Joins Cole as Chief Financial Officer

Cole Real Estate Investments announced Tuesday that Stephan Keller has joined the firm as executive vice president and CFO. He will lead Cole’s finance and accounting teams, and will be primarily focused on corporate strategy, corporate business planning, treasury and corporate financing activities.

Keller joins Cole from UBS in London, where he served as COO of the financial institutions group in Europe, the Middle East and Africa. During his 20-year career with UBS, he rose from an equities trader to a corporate-level risk executive and served as chief risk officer for the U.S. wealth management business before taking on that role for the global investment bank from 2004 to 2006. From 2006 to 2010, he served as treasurer for UBS worldwide.

MassMutual Retirement Services Hires Michael Doshier as VP and Head of External Markets

MassMutual announced recently that Michael Doshier has joined its retirement services division as vice president and head of external markets, reporting to E. Heather Smiley, chief marketing officer for MassMutual’s Retirement Services Division. In this position, he is responsible for leading the division’s efforts in plan sponsor marketing, advisor marketing and competitive insights.

Doshier joined from Fidelity Investments, where he most recently served as vice president of marketing, responsible for driving integrated marketing plans for the firm’s retirement business. He brings more than 20 years of experience in the financial services industry and has held leadership roles in marketing, relationship management, call center operations, sales, and general management.

Retired GE Exec Ronald Pressman Joins New York Life Board of Directors

New York Life Insurance Company announced Tuesday that its board of directors has elected veteran GE executive Ronald Pressman to the company’s board. Pressman retired from GE after more than 30 years of service, most recently as president and CEO of GE Capital Real Estate. A GE senior vice president for over a decade, he also served as a director of GE Financial Services and GE Capital Corporation since 2000.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.