David Blanchett, who headed retirement research at Morningstar Inc., has been named head of retirement research at QMA, the quantitative equity and multi-asset solutions unit of PGIM, the $1.5 trillion global investment management business of Prudential Financial.
Blanchett is an adjunct professor of wealth management at The American College of Financial Services and was formerly a member of the ERISA Advisory Council. He had been with Morningstar for nine years.
“Over the next 10 years, income solutions will come to dominate the DC marketplace,” said Andrew Dyson, QMA’s CEO. “David is a recognized retirement thought leader and his experience will be invaluable as we position ourselves for the future.”
The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.
The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.
The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”
The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.
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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.