Deals & People January 6, 2010

EFA Hires Fellows to Focus on Northeast

ERISA Fiduciary Advisors, Inc., has hired a new manager to focus on sales and consulting in the northeastern United States.
Reported by

According to an announcement, Richard “Dick” B. Fellows, Jr, has joined ERISA Fiduciary Advisors as the Northeast managing director responsible for sales and consulting to plan sponsors in the Boston area.      

ERISA Fiduciary Advisors is an independent, fee-based, investment advisory and retirement consulting firm “focused on corporate retirement plans providing unbiased investment advice, fiduciary risk management,and retirement plan consulting to the mid-size retirement plan market of $5 million to $250 million in assets under management,” according to the firm, which has offices in Florida and Massachusetts, as well as plans to expand into Ohio.   .

According to the announcement, Fellows has made his career building the investment and retirement planning divisions of several well-known retirement industry firms, including Fidelity, First Mercantile Trust, Loomis-Sayles and Mercer.     

ERISA Fiduciary Advisors, Inc. specializes in the implementation of a complete fiduciary management process with up to 27 identifiable practices, according to the firm.  It offers two fiduciary adviser options that include an investment adviser agreement and a higher level, investment manager agreement designed to transfer investment risks away from the plan fiduciaries.

Deals & People January 6, 2010

Loomis Sayles Hires Core Bond Strategy Co-Head

Loomis, Sayles & Company said that core bond manager Lynne A. Royer has joined the company as vice president and co-head of a core bond strategy—and rejoined a former colleague.
Reported by

According to the firm, this follows last month’s announcement that Bill Stevens has been hired to develop and manage a new core strategy aimed at expanding Loomis Sayles’ current fixed-income capabilities. 

Royer joins the firm from Wells Capital Management, where she served as co-head of the Montgomery Fixed Income Strategies team with Bill since March 2008. She had served as a portfolio manager on the team since May 2007, and had been part of the team for more than 10 years, having previously served as a senior analyst in the fixed-income division of Montgomery Asset Management beginning in 1996, according to the announcement.  The investment team was acquired by Wells Capital Management in 2003.      

Both Royer and Stevens report to Jae Park, Chief Investment Officer of the Loomis Sayles Fixed Income Group. “I have followed Lynne’s rise at Wells over the last several years and am extremely confident that she is the ideal fit for this position,” said Jae. “It was not only her long-standing and successful collaboration with Bill that made her a top candidate, but also her commitment to this investment philosophy that will round out our range of investment products.”    

Loomis Sayles managed more than $140 billion in equity and fixed income assets as of December 31, according to the firm.

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