This week in new hires, Michael Mullis became a registered rep with Securities America; BlackRock named Russ Koesterich its new chief investment strategist; Michael Davis left EBSA for Prudential; and a milestone for Aequitas Capital, which passed 100 employees.
Also, Richard Deglman went to Foundation Bancorp; Mark Williams was named CIO at InvesTrust; and H. Thomas McMeekin joined Achaean Group’s board of directors.
Securities America Welcomes Mullis
Michael Mullis, managing partner of Kelley & Mullis Wealth Management in Vestavia, Ala., has become a registered representative with Securities America Inc.
Mullis left a career in public accounting to join Kelley and Associates in 1999. Now known as Kelley & Mullis Wealth Management Inc., the 25-year-old business has more than $223 million in client assets. Mullis, along with the three other advisors and three administrative employees that comprise Kelly & Mullis Wealth Management, joined Securities America from LPL Financial.
BlackRock Names Russ Koesterich Chief Investment Strategist
BlackRock, Inc. announced Monday that it has named Russ Koesterich its chief investment strategist. In this newly formed role, he will focus on communicating the firm’s investment strategy and perspective on the markets and economy to investors and financial advisors and will report to Ken Kroner, global head of multiasset strategies.
Koesterich will continue to serve as global investment strategist for BlackRock’s iShares business, a role he has held since 2010. His service with BlackRock dates to 2005, including his years with Barclays Global Investors (BGI), which BlackRock acquired in 2009. At BGI, he was global head of investment strategy for active equities and a senior portfolio manager in the U.S.market-neutral group. Prior to joining BGI, he was chief North American strategist for State Street Bank. He began his career at Instinet, where he occupied several positions in research, including director of investment strategy for both U.S. and European research.
Borzi’s Right-Hand Man, Davis, Leaves EBSA and Joins Prudential
Phyllis Borzi’s right-hand man at the Department of Labor’s Employee Benefits Security Administration, Michael Davis, has left his post as deputy assistant secretary of EBSA and joined Prudential Retirement to serve as head of its stable value business.
Davis, who started his post on Monday, told AdvisorOne in an interview the same day that while it was an “extraordinary honor” to have worked with such a “high-caliber” team at EBSA, four years ago when he took his job as part of the Obama administration, “I always said it would be one term.”
Read the full story at AdvisorOne.
Aequitas Capital Tops 100 Employees