Retirement Industry People Moves
intellicents buys Texas financial planner; Conte Weatlh Advisors adds primary adviser in Tampa location; and Jennison Associates hires fixed income team managing director.
Art by Subin Yang
intellicents Buys Texas Financial Planner
intellicents has purchased Retirement Asset Advisory, Inc. (RAA) from Bill Worley and John Cole.
“We have known and respected Bill and John for over 20 years now; so we saw this as a great opportunity for our first entry into the Texas market,” says Brad Arends, co-founder and CEO of intellicents. “The Dallas branch will initially focus on offering fiduciary retirement plan investment advisory and management services to area employers, and personal wealth management and financial planning services.”
“We will now have a lot more horsepower to service our clients,” says Cole. “[intellicent’s] 3(38) discretionary advisory services will be an additional fiduciary service to offer. “
Conte Wealth Advisors Adds Primary Adviser in Tampa Location
Pennsylvania-based independent financial services firm, Conte Wealth Advisors, LLC (CWA), has added its first Tampa, Florida, adviser, Robert Seaman, to its advisory team.
“I was drawn to CWA because of the breadth of investment offerings available to my clients and the autonomy to build a plan based on what I felt was appropriate for each client,” says Seaman.
“Mr. Seaman is a perfect fit for the CWA team given his wealth of knowledge about higher education retirement plans and planning,” says Anthony Conte, CWA’s Managing Partner. “We expect his practice to continue to grow and evolve with our team as he brings his unique advisory approach and expertise to bear within CWA’s network of advisers.”
Of the network of advisers currently working under the CWA brand, other recent additions have been in Pittsburgh and Camp Hill, Pennsylvania, and CWA continues to aggressively target growth nationwide.
Jennison Associates Hires Fixed Income Team Managing Director
Dmitri Rabin will join the fixed income team of Jennison Associates as a managing director and portfolio manager, effective March 12. Rabin brings 18 years of investment experience to the role, specializing in mortgages and structured finance.
Rabin played an important part in the U.S. Treasury’s effort to reform the residential mortgage-backed securities market after the 2007/2008 financial crisis, co-authoring a framework to improve investor protections in structured finance documents and was also the co-chair of the Mortgage Securitization Council for the Association of Institutional Investors. He will work in Jennison’s Boston office and report to Thomas Wolfe, Jennison’s head of fixed income.
“Dmitri has a deep understanding of how the mortgage and structured finance space has evolved since the financial crisis,” says Wolfe. “His extensive portfolio management and research experience, as well as his dedication to investors, complements our strong existing team.”
Previously, Rabin spent 10 years at Loomis, Sayles & Co., most recently as co-head of the mortgage and structured finance group, which oversees $30 billion of structured finance investments. Before Loomis, he was an analyst at Pine Cobble Capital and Cambridge Place Investment Management. He began his career at Boston Consulting Group, where he was a project leader. Dmitri received a bachelor’s degree in computer science and economics with high distinction from Amherst College, and an MBA from Massachusetts Institute of Technology.