Retirement services provider Definiti announced the additions of former Sen. Patrick Toomey and former AssetMark CEO Ronald Cordes to its board of managers Wednesday.
The two high-profile board appointments follow the recent investment in Definiti by private equity player Lovell Minnick Partners, which closed March 16.
Toomey represented Pennsylvania in the Senate from 2011 to 2023. He was the ranking member of the Senate Banking Committee from 2021 to 2023 and previously chaired the Subcommittee on Financial Institutions and Consumer Protection. Prior to entering the Senate, Toomey served in the House of Representatives from 1999 to 2005, where he was a member of the House Financial Services and Budget Committees.
Cordes co-founded and served as CEO and executive co-chairman of managed account platform provider AssetMark, which is also a former portfolio company of Lovell Minnick. He co-authored “The Art of Investing.” Cordes is currently a member of Lovell Minnick's advisory council.
“Building the right team of leaders and advisors has directly impacted Definiti’s ability to offer best-in-class services to our valued customer base,” Tom Gaillard, CEO of Definiti, said in a statement. “We’re thrilled to welcome Pat and Ron to the Board and look forward to working with them to expand our distribution partners and product suite and continue our legacy of providing effective and unique retirement solutions to our clients.”
Medicare scam, pandemic benefit theft, offshore tax evasion — federal prosecutors are casting a wide net.
Report finds that pension income acts as a financial lifeline for retirees facing late-life shocks and raises urgent questions about the DC-only future.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
