Beacon Pointe Advisors has appointed an experienced leader from Capital Group to support the growth of its retirement plan consulting business.
The California-based RIA overseeing $37 billion in assets announced that it has welcomed Greggory Cowan as a retirement plan business consultant.
Cowan brings over a decade of experience in fiduciary and investment consulting to his new role. Previously at Capital Group, which provides the prominent American Funds line of mutual funds, Cowan served as regional vice president and retirement plan counselor, working closely with advisors to expand retirement plan offerings.
His experience also includes roles as a financial planner at Continuum Consulting Group, where he developed expertise in strategic decision-making and practice management.
At Beacon Pointe, he will focus on helping advisors enhance their retirement plan services while supporting investment outcomes for participants. His responsibilities will also include delivering fiduciary guidance for clients navigating both the accumulation and distribution phases of their retirement journeys.
“Gregg brings tremendous experience from American Funds, where he has consulted and supported advisors grow their retirement plan business for more than a decade,” Mike Breller, managing director of institutional consulting at Beacon Pointe said in a statement Monday. “We are excited about the leadership he will bring to Beacon Pointe’s retirement plan efforts and the contributions he will make to our continued success in this area.”
Beacon Pointe’s Retirement Plan Services Group, established in 2002, provides fiduciary and investment consulting for 401(k) and 403(b) plans, endowments, and other clients.
“Helping advisors grow their practices while improving participant outcomes has been a key focus of my career, and I’m thrilled to bring that focus to Beacon Pointe,” Cowan said.
Cowan's introduction to Beacon Pointe comes just a few short weeks after the firm welcomed Osaic's former CFO Jon Frojen to its own C-suite in November. As Beacon Pointe's new chief financial officer, Frojen will support the firm's growth initiatives while having oversight over key aspects of its financial operations and strategy.
Advisors who invest time and energy on vital projects for their practice could still be missing growth opportunities – unless they get serious about client-facing activities.
The policy research institution calculates thousands in tax cuts for Washington, Wyoming, and Massachusetts residents on average, with milder reductions for those dwelling in wealth hotspots.
The race to 100 transactions ended a month early this year, with April standing out as the most active month on record for RIA dealmaking.
Wells Fargo has also added more than $800 million in new AUM with recruitments from UBS, Osaic, and Merrill Lynch.
Also, Merit has added an $860 million RIA to bolster its Texas presence while Concurrent's asset management arm partners with a boutique investment shop.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
