DCIIA Announces New Adviser Council

The retirement industry association announced three new advisory councils to support advisers, plan sponsors, and institutional consultants.

The Defined Contribution Institutional Investment Association announced today that its Retirement Research Center has created three new advisory councils: Advisor Institute Council (AIC), Plan Sponsor Advisory Council (PSAC) and Institutional Consultant Advisory Council (ICAC).

DCIIA also announced the new chairs for each council. Jim O’Shaughnessy, president, retirement and private wealth at Hub Retirement and Wealth Management, will chair AIC. Christina Elliott, the Executive Director of Ohio Deferred Compensation, will chair PSAC. Bill Ryan, a partner and Head of Defined Contribution Solutions at NEPC, will chair ICAC.

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The three new councils will join the Academic Advisory Council (AAC).

“The Advisory Councils are a crucial component of our strategy around research and industry engagement,” said Lew Minsky, DCIIA president and CEO. He added the councils will be focused on “practical, actionable, and unbiased insights that are relevant to the entire retirement ecosystem.”

The AIC will include representatives from retirement advisory firms including CAPTRUST, Gallagher Fiduciary Advisors, March McLennan, OneDigital, Pensionmark and SageView Advisory Group, according to the release. 

Chair O’Shaughnessy was a co-founder of Chicago-based advisory firm Sheridan Road, which Hub International acquired in January 2019.

“The Councils have a critical role to play in ensuring that all industry stakeholders’ viewpoints, needs, and challenges are considered throughout the research lifecycle,” said Rob Austin, chair of the DCIIA Retirement Research Center Executive Committee.