Forward Adds to Sales Team

The firm hired Brad Schluter as vice president for institutional sales.

Schluter’s role at Forward Management LLC includes building relationships with institutional clients and consultants.

Most recently, Schluter worked as a senior vice president and director of marketing at Pacific Income Advisers, where he supervised business development and client management functions. Earlier jobs include a term as director of marketing for the Burridge Group, which targets high-net-worth and institutional investors.

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Schluter holds a B.S. in business from the University of Southern California.

Forward specializes in investment solutions focused on non-correlated returns, investment income, global exposure and diversification.

Rollovers Total $321 Billion in 2012

Research from Cerulli Associates, a Boston-based research and analytics firm, shows retirement rollover contributions to individual retirement accounts (IRAs) reached $321 billion during 2012.

Findings in the firm’s recent report, “Evolution of the Retirement Investor 2013: Influencing and Addressing Retirement Savings,” show rollovers present an opportunity for both IRA providers and defined contribution (DC) plan recordkeepers.

Traditionally, investors leaving a 401(k) plan transfer most assets into an IRA, but the report argues DC recordkeepers can fight to keep assets within the 401(k) space by touting the benefits of employer-sponsored plans, and also by engaging individuals who are changing jobs.

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“Rollovers to IRAs will continue to increase as distributions from 401(k) plans increase,” Kevin Chisholm, associate director at Cerulli, says. “There is an intense competition for these assets, and those with existing relationships have a distinct advantage. But, many individuals have multiple relationships, so multiple firms have an opportunity to demonstrate their capabilities to potential clients.”

A report sample, including the table of contents and several pages of results, is available here.

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