Skip Schweiss, a long-time executive at TD Ameritrade Inc., has been appointed chief executive of Santa Monica, California-based Sierra Group of Cos., effective Oct. 1.
The Sierra Group manages or advises on more than $9 billion in assets. It's made up of Sierra Investment Management Inc., Ocean Park Asset Management Inc. and Wright Fund Management, which manages the Sierra Mutual Funds.
In 2020, Schweiss stepped down as president of TD Ameritrade Trust Co. and managing director of advisor advocacy after 12 years with the company. Earlier, he spent 20 years at Fiserv Inc.
Schweiss is currently serving a one-year term as president of the Financial Planning Association.
Schweiss will be the Sierra Group’s first CEO. The company’s co-founders, David Wright and Kenneth Sleeper, will continue to focus on investment management and working with clients, while Schweiss focuses on growing the company, according to a press release.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
