From the May 2009 issue of Investment Advisor • Subscribe!

May 1, 2009

Changes

? Derek Bruton has been named national sales manager for LPL Financial Independent Advisor Services while still retaining his position as CEO for the LPL Financial affiliated broker/dealers. He will continue to report to Bill Dwyer, president of Independent Advisor Services. ? Putnam Investments has attracted another top executive from Fidelity Investments, naming Walter Donovan as CIO and head of Putnam's equity, fixed-income, and global allocation operations. At Putnam, Donovan will be reunited with former Fidelity COO Bob Reynolds, who became Putnam's CEO in July 2008 and has since hired several other Fidelity executives, including junk-bond manager David Glancy and Jeffrey Carney, who had been in charge of Fidelity's Retirement Services unit and is now head of global marketing and products. Putnam also named Benjamin Lewis as managing director of defined contribution sales and relationship management. ? Fiserv appointed Lance Drummond as executive VP, a new role intended to accelerate development of certain business line extensions in areas including data analytics, consulting, and wealth management.

? John Parsons has been appointed VP of marketing at the independent broker/dealer Capital Analysts Inc. ? Lucio Gilberti has joined PMFM/401k Toolbox as northeastern sales director. ? Jefferies & Company has hired A. Markman ("Mark") Peters, as managing director and head of the firm's wealth mangement group.

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