NAVA Hall of Fame inducts three

Richard M. Reilly, Michael Gilotti and Mathew Greenwald were honored and six new board members were added.
SEP 11, 2007
By  Bloomberg
NAVA, the association for insured retirement solutions has inducted three new members to its Hall of Fame. Honored were Richard M. Reilly, a trustee of the AARP Mutual Funds and retired president and CEO of Allmerica Financial Services in Worcester, Mass., and Michael Gilotti, who handles business development for General Re-New England Asset Management of Farmington, Conn.. Also, the association inducted its first research professional: Mathew Greenwald, founder of research and consulting firm Washington-based Mathew Greenwald and Associates Inc. “His research, conducted over retirement issues and annuities, has helped NAVA direct its attention to the issues,” said Laurita Warner, chair of public relations for the association. “In today’s world, accurate market research is critical when NAVA is attempting to shape its direction,” said Mark Mackey, president and CEO of NAVA. “We rely on Mr. Greenwald’s public opinion research.” A panel on industry educational initiatives also addressed the role Mr. Greenwald’s work has played in making variable annuities clear to congressional members, regulators and the media. “Matt Greenwald’s research has contributed to a lot of positive press,” Mr. Mackey added. The association also added six new directors to its board: Mark Casady, chairman, CEO and president of LPL Financial Services; Michael K. Farrell, executive vice president of MetLife’s independent distribution group; W. Thomas Conner, partner at Sutherland Asbill & Brennan LLP; John Simmers, CEO of ING Advisors Network; Hugh McHaffie, president, U.S. Wealth Management, John Hancock Financial Services Inc.; and Marc O. Mayer, executive vice president of AllianceBernstein and executive managing director of AllianceBernstein Investments Inc.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.