Retirement Industry People Moves

AndCo Consulting adds three to Pittsburgh consulting team; Franklin Templeton hires head of client investment solutions; Millennium acquires Inspira and ABG; and more. 

AndCo Consulting (AndCo) has announced that it is expanding its Pittsburgh presence with the addition of three new consultants to its local team: Tim Walters, Chris Brokaw, and Chris Pipich. Each consultant has extensive experience in both Western Pennsylvania and nationally within the public, Taft-Hartley, corporate, healthcare and the endowment/foundation spaces.

AndCo has had an office in the Pittsburgh market since January 2015. Subsequently, the firm has steadily grown its local clientele across various plan types, while adding new resources and qualified team members to better service the region. 

Chris Brokaw and Tim Walters will both join the AndCo team as senior consultants, while Chris Pipich will join as an investment consultant.

Walters and Brokaw officially joined AndCo on December 1. Chris Pipich will join on December 12.

Franklin Templeton Hires Head of Client Investment Solutions

Wylie Tollette will rejoin Franklin Templeton Investments to take on the newly created role of head of client investment solutions for Franklin Templeton Multi-Asset Solutions. He will join on January 8, 2018. 

Tollette will be rejoining Franklin Templeton from CalPERS, where he currently serves as chief operating investment officer. Tollette has close to 25 years of financial services experience, almost two decades of those years with Franklin Templeton. Prior to leaving in 2014, he had served as head of the firm’s performance analytics and investment risk group.

Tollette’s responsibilities will include oversight of client investment solution development for the firm’s multi-asset platform.  As a key member of the senior leadership team, he will partner closely with the company’s global distribution groups on all Multi-Asset Solutions-related opportunities across a broad range of clients. 

Millennium Acquires Inspira and ABG

Millennium Trust Company has announced the acquisition of InspiraFS, Inc. (Inspira) from Ad-Base Group, Inc. (ABG Capital). Inspira will be a subsidiary of Millennium and continue to market its services under the Inspira brand name.

Inspira’s technology platform offers both branded and private-label IRA [individual retirement account] recordkeeping solutions to retirement plan sponsors, financial institutions, corporations, third-party administrators (TPAs), and individual investors. 

The firm says this acquisition is an example of Millennium’s ongoing commitment to addressing emerging client needs, delivering innovative solutions, and strengthening its footprint in the retirement market. Millennium is actively pursuing acquisition opportunities and expects to complete additional transactions during the upcoming year.

OneAmerica Hires Regional Vice President for East Coast Operations

OneAmerica has hired 25-year retirement industry veteran Todd Smiser to helm the company’s East Coast operations as regional vice president of retirement sales. 

Smiser was most recently senior vice president, corporate markets, with Voya Financial. Smiser, who begins this week, will lead a team of approximately 12 regional sales directors with retirement plan responsibilities for the eastern region. 

Glenmede Investment Appoints Portfolio Manager to Small & Mid Cap Equity Team

Glenmede Investment Management LP has announced the appointment of Jordan Irving as a portfolio manager on its Small & Mid Cap Equity team.

Irving joins long-term GIM portfolio managers Robert Mancuso and Christopher Colarik in the management and oversight of all Small Cap Equity and Mid Cap Equity portfolios.

Irving has 20 years of investment management experience. He most recently served as a founding partner and portfolio manager at Irving Magee Investment Management. Previously, Irving worked as a senior portfolio manager for both large and small cap value equity strategies at Macquarie Investment Management (formerly Delaware Investments). Earlier, he was part of the U.S. Active Large-Cap Value team within Merrill Lynch Investment Managers where he worked for six years.

Irving earned a bachelor’s of arts in American Studies from Yale University and a graduate diploma from Oxford University in England.