Skip Schweiss named CEO at Sierra Group

Skip Schweiss named CEO at Sierra Group
Schweiss stepped down as president of TD Ameritrade Trust Co. and managing director of advisor advocacy in 2020, after 12 years with the company.
AUG 24, 2021

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.

Latest News

Q1 annuity sales top $105B amid persistent economic worries: Limra
Q1 annuity sales top $105B amid persistent economic worries: Limra

Limra data shows RILAs and variable annuities outperforming, while fixed-rate deferred sales lag their 2024 highs.

Stocks continue historic winning streak as trade hopes, jobs data drive rebound
Stocks continue historic winning streak as trade hopes, jobs data drive rebound

The S&P 500's longest rally in more than 20 years came amid evidence of labor market resilience in the immediate wake of April's Liberation Day tariffs.

Americans' longevity illiteracy puts retirement at risk, finds new research
Americans' longevity illiteracy puts retirement at risk, finds new research

With membership in the "century club" expected to quadruple in three decades, joint studies from Nationwide and the TIAA Institute shed new light on people's planning blind spots.

Tariff reactions split along political lines, advisors say
Tariff reactions split along political lines, advisors say

The Watchman Group's Andrew Herzog has noticed his more left-leaning clients have been "looking to get out of the stock market, perhaps do more fixed income or go to cash" while his right-leaning clients are more comfortable keeping assets as they have them.

In periods of volatility, don’t lose sight of clients’ long-term goals
In periods of volatility, don’t lose sight of clients’ long-term goals

As you work with clients to navigate the current markets, stay grounded in their values and priorities.

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.