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August 22, 2019 at 09:15 AM
Morgan Stanley has hired Anthony Bunnell to serve as its head of Retirement. Bunnell comes from Goldman Sachs, where he led the digital efforts in Private Wealth Management after the firm bought Honest Dollar, a retirement savings platform he co-founded in 2014.
Earlier, Bunnell spent 12 years working on retirement products at services at Prudential, Mercer, and JP Morgan “where he drove cultural change in the 401(k) business to an advisor-centric distribution model,” according to Brian McDonald, head of Morgan Stanley at Work & Digital Solutions.
Morgan Stanley’s Retirement group is st to focus on bringing “a new digital experience to the retirement model that builds brand awareness for Morgan Stanley with our plan sponsors and their participants,” he explained in a memo.
“The team will also work to evolve our rollover strategy and ensure our retirement offering is deeply connected to our Financial Wellness model as participants seek more avenues to help them meet their financial goals,” according to McDonald.
Mercer News
RIA Mercer Global Advisors has acquired Regent Wealth Management Group, an RIA located in Woodbridge, Connecticut, working with about $300 million in client assets.
With the deal, Mercer has 11 branches and $2.7 billion in assets in the Northeast, including three locations in Connecticut. Overall, Mercer has 43 branches nationwide and about $16.5 billion in assets.
Mercer said recently that it has signed the United Nations’ Principles for Responsible Investing (PRI) and will adhere to “its stringent principles and provide detailed annual reporting.”
“We’re proud to be among the first independent wealth advisory firms in the United States to become a signatory to the PRI,” said CEO Dave Welling, in a statement. “Since our founding we’ve worked hard to become an industry leader and incorporate best practices into everything that we do, especially when it comes to managing our clients’ wealth.”
LPL Recruiting
