Deals & People

Phyllis C. Borzi, assistant secretary of the Department of Labor’s Employee Benefits Security Administration (EBSA), announced five appointments to Senior Executive Service positions within the agency.  

Fidelity Asset Management has announced leadership appointments within its Fixed Income Division, which includes the company’s Bond Group and Money Market Group.

 Dan Dubois and Darin Wassmann have joined the Retirement Benefits Group (RBG).  

Sheridan Road Financial, an investment adviser specializing in middle-market corporate retirement plans, has hired Tina Wisialowski as a Managing Director. 

Retirement plan consultant Tegrit Group has joined the International Benefits Network (IBN).

The Charles Schwab Corporation has entered into an agreement to acquire Compliance11, Inc., a provider of cloud-based, regulatory compliance software.

Lincoln Financial Distributors (LFD), the wholesale distribution subsidiary of Lincoln Financial Group, announced that John Morabito has joined the company.

Putnam Investments hired Stephen Jenks as Head of Product and Marketing for its Defined Contribution business. 

Michael Doshier has joined MassMutual's Retirement Services Division as Vice President and Head of External Markets. 

Benefit Plans Administrative Services (BPAS) announced plans to acquire CAI Benefits, a provider of retirement plan administration, actuarial, flex, and benefit consulting services with offices in New York...

TIAA-CREF Life Insurance Company and M Financial Group announced an exclusive agreement to offer TIAA-CREF Life’s life insurance products to M Financial’s Member Firms and their clients. 

Merlin Securities announced that Rick Bensignor, a former Morgan Stanley strategist and behavioral economist, has joined the firm as Chief Market Strategist.

Integrated Retirement announced the addition of Jayne Fahlen as Vice President, Business Development. 

USI Consulting Group announced that Kathleen Sebetka has joined the company as Vice President, Retirement Services.

Dorann Cafaro has joined Fiduciary Benchmarks as a Senior Vice President, Advisor Sales. 

The Securities and Exchange Commission (SEC) selected Andrew J. Bowden to be Associate Director of the National Investment Adviser/Investment Company Examination Program.

American United Life Insurance Company (AUL) has named Mark Wutt as Vice President of individual marketing and sales support. 

The Financial Services Institute’s (FSI) Board of Directors voted unanimously to increase membership fees, in order to improve engagement with its members and expand its advocacy efforts.  

Summit Financial, led by founder and managing partner Joseph Bonasera, is joining the Commonwealth Financial Network.

The realignment of the company’s business into three business lines is an “evolution of the previous structure,” said Christine Marcks, president of Prudential Retirement.