Ann Combs, former Assistant Secretary of Labor and head of the Employee Benefits Security Administration (EBSA) from 2001 to 2006, will join Vanguard this month. She will lead a newly created Institutional Strategic Consulting group with oversight responsibilities for the firm’s retirement policy, research, and plan consulting activities. Combs stepped down from the EBSA in October 2006 after 5 1?,,2 years, including a role in formulating the recently enacted Pension Protection Act. Prior to joining the government, Combs was VP and chief counsel for pensions and retirement at the American Council of Life Insurers and a principal of William M. Mercer, Inc.
The Financial Planning Association’s chairman, James Barnash, announced plans to leave his post at Lincoln Financial Advisors and join Ameriprise Financial as its national director of financial planning.
Chet Helck, president and chief operating officer of Raymond James Financial, Inc.was elected to the board of directors of the Securities Industry and Financial Markets Association (SIFMA) for a two-year term. Helck joined Raymond James in 1989 and became president and COO of Raymond James Financial in February 2002.