Deals and People

Retirement Industry People Moves

Empower Appoints Core Market Leader; DWC Rebrands; Lockton Expands West Coast Retirement Practice; and more.

By Javier Simon | July 28, 2017
Page 1 of 11

Empower Appoints Core Market Leader

Joseph Smolen of Empower Retirement has been tasked with leading the firm’s core market segment which consists of retirement plans with less than $50 million in assets. Since joining the firm in 1999, he has held several sales and service leadership roles including vice president for sales strategy.  

Most recently, Smolen was responsible for the creation and distribution of core market retirement solutions including multiemployer plans and investment trusts. Smolen joined Empower as a pension consultant and has served in a number of different capacities, including outside sales, manager of internal and external sales and executive sponsorship for national account relationships.

“Joe has the rare ability to combine a strategic vision with the delivery of outstanding results -- and he’s proven it throughout his career,” says Empower President Edmund F. Murphy, III. “Under his leadership our core market team will continue to be of great service to the plan sponsors, advisers and consultants who rely on Empower to best serve the needs of retirement plan participants.”

"Empower is delivering a cutting edge, innovative offering with a highly experienced, expert team,” says Smolen. “But that’s only possible by placing advisers at the center of our value proposition. I’m looking forward to further exceeding plan sponsor and participant expectations through this adviser-centric model.”

In total, Empower’s core market business manages some $88 billion for more than 1.6 million participants in 24,000 plans, as of June 30, 2017.  

Smolen is a graduate of Kansas State University, where he earned a degree in management. He will continue to be based at Empower's headquarters in metro Denver. Smolen works with the Children’s Diabetes Foundation and the Barbara Davis Center for Diabetes.

NEXT: DWC Rebrands