Deals & People September 6, 2012

Sageview Adds Team Members

SageView Advisory Group has added six retirement industry professionals to its team.
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Sara Jaggars, Tim Duncan and Gregory Koehler are the newest additions to the Kansas City office, while Julie Kim and Dan Quirk, CFA, CFP have joined SageView’s Western office, in Irvine, California. Mark Foster is the newest member to join the Boston location.  

Before joining SageView, Jaggars held the role of portfolio manager at M&I Institutional Trust Services, a division of M&I Bank. She joins SageView as a senior investment adviser, and brings more than 13 years of experience in the financial services industry.  

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Also coming from M&I Bank, Duncan brings 14 years of industry experience, with his most recent role being vice president and institutional portfolio manager for M&I Retirement Services. He joins SageView as a retirement plan consultant.  

Koehler was most recently a financial adviser for Raymond James Financial Services in Columbus, Ohio. Koehler will co-lead the wealth management division for SageView’s Midwest region.  

Rounding out the Western Advisory team, Kim joins SageView from Wells Fargo, where she served as an account executive. Kim has worked in the retirement industry for over 16 years and will continue her career as account executive with SageView.   

Quirk joins SageView from his previous roles as partner at San Francisco-based Seacliff Capital and investment analyst at J.P. Morgan. His responsibilities at SageView include senior investment adviser and investment committee member.     

Foster brings 16 years of industry experience including positions with CIGNA, Putnam Investments and The Hartford. Foster will be based in SageView’s Boston office, and will focus on retirement plan consulting of new business and relationship management.

 

Data & Research September 6, 2012

Saving for Retirement a Struggle for Most Americans

Less than a third are able to save their ideal retirement savings target of 6% to 19% of income, a Scottrade survey found.

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The bulk of Americans’ income, 21%, goes toward their mortgage and other debt, according to  Scottrade’s survey, conducted in June. In fact, while respondents said they would like to spend less, use coupons and comparison shop, these efforts are all down from a peak in January 2012, back to levels last seen in January 2011. Sixty-four percent are spending less, down from 69% in January 2012; 60% are using coupons, down from 67%; and 61% are comparison shopping, down from 65%.

“Americans are trying to balance their savings goals with everyday expenses,” said Kristin Grupas, assistant director of client education at Scottrade.

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Fortunately, 65% of those polled in June said they are working with a broker or professional financial adviser, and nearly half of this group rated their confidence in their ability to plan for retirement as “good” or “very good.”

Synovate conducted the survey for Scottrade between June 7 and 12 among 1,000 people aged 18 and over who said they are involved in making investment decisions in their households.

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