PNC Adds Managed Accounts to DC Platform

PNC Institutional Investments has expanded its relationship with Morningstar Associates to offer managed accounts in its defined contribution (DC) platform.

With managed accounts through Morningstar Retirement Manager, participants can receive professional investment management online and ongoing monitoring for their employer-sponsored retirement accounts from investment professionals.

Vested Interest is PNC’s solution for defined contribution/401(k) plan services. It offers nondiscretionary trustee services, daily record keeping and administration, educational services, and an array of investment options.  

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To learn more about PNC Institutional Investments, call 1-800-762-0061.

Thomas Stephenitch Joins Diversified

Diversified announced that Thomas M. Stephenitch has joined the company as a sales executive for Michigan and northern Ohio.  

Stephenitch will be will be responsible for the sales and marketing of Diversified’s retirement plan services to both corporate and not-for-profit retirement plan sponsors. He will be based in Columbus, Ohio, and brings nearly twenty years of experience to the firm.

Stephenitch joins the firm from New York Life Retirement Plan Services, where he was a director and sales manager serving mid- and large-market organizations. He previously served as a regional sales manager for J.P. Morgan/American Century RPS, and as a senior account executive for Great-West Life Assurance Company.  He earned a B.S. in marketing from The Ohio State University. 

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“Tom will draw on his extensive experience in retirement plan marketing and sales to further develop and service Diversified’s growing client base in the region. We look forward to his contributions,” said Joseph Masterson, senior vice president of Diversified.

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