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.”
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
