BNY Mellon Hires Senior Strategist for Strategy & Solutions Group

BNY Mellon Asset Management has named Rumi Masih as a senior investment strategist in the Investment Strategy & Solutions Group.

Masih, who reports to Jeff Saef, managing director and head of the Investment Strategy & Solutions Group, will utilize the firm’s proprietary research and analytics to help clients frame their asset allocation, risk management, and portfolio construction decisions.

According to the company, the Investment Strategy & Solutions Group seeks to deliver solutions to meet the specific needs of corporate and public retirement plans, endowments and foundations, sovereign wealth funds, financial institutions, and intermediaries. 

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Masih, who will be based in New York City, joins BNY Mellon Asset Management from JP Morgan Asset Management, where he was a managing director and global head of the Strategic Investment Advisory Group. Masih also had experience at Goldman Sachs Asset Management, where he was a vice president and senior strategist in the Global Investment Strategies division.  

He was awarded a PhD in econometrics from the University of Cambridge.
 

Advisers Boost Confidence of Pre-Retirees

The majority (54%) of pre-retiree households that have a professional financial adviser feel confident they will be able to live the retirement lifestyle they choose, according to research from LIMRA.

However, almost two-thirds of pre-retiree households (age 55-70) reported they do not have a professional financial adviser.  

According to release of the survey results, LIMRA found that three times as many pre-retirees who didn’t work with a professional financial adviser felt unprepared retirement, compared to those who worked with an adviser. When asked whether they felt confident that they will be able to live the retirement lifestyle they choose, 63% of these pre-retirees were not. 

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“Our research is clear, those who use professional financial advisors enjoy the peace of mind that they are making the appropriate decisions to ensure they have a financially secure retirement,” said Marie Rice, corporate vice president and director of LIMRA Retirement Research.

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