Retirement Industry People Moves

Art by Subin Yang

Cohen & Buckmann Adds Counsel to Employee Benefits & ERISA Practice

Cohen & Buckmann P.C. has expanded its Employee Benefits & ERISA [Employee Retirement Income Security Act] and Executive Compensation practices with the addition of Emily Meyer as counsel.

Meyer provides advice and counsel on ERISA, COBRA, HIPAA [Health Insurance Portability and Accountability Act of 1996], the Patient Protection and Affordable Care Act, Code Section 409A compliance, and drafting nonqualified deferred compensation (NQDC), equity, and severance arrangements. She guides her clients through the compensation and benefits issues that arise in the context of mergers and acquisitions (M&As) and other business transactions and the fiduciary and prohibited transaction issues related to ERISA plan asset investments.

Additionally, Meyer’s practice includes negotiating employment agreements and executive compensation packages on behalf of employers and executives. 

 “We are thrilled to have an experienced attorney like Emily join Cohen & Buckmann,” says Sandra Cohen, co-founding partner of the firm. “She deepens our bench of attorneys who practice in our primary practice areas.”

Meyer earned a bachelor’s degree from Rice University and her Juris Doctor degree from the University of Virginia School of Law, where she served on the Virginia Tax Review editorial board.

Penn Mutual Hires Portfolio Managers for Balance Income Strategy

Penn Mutual Asset Management has added two seasoned portfolio managers to the investment team.

George J. Cipolloni III, CFA, and Mark J. Saylor, CFA, will be primarily responsible for portfolio management, security research, trading and client communications surrounding the firm’s new balanced income strategy.

Cipolloni and Saylor previously served as senior portfolio managers at Chartwell Investment Partners and managed the Berwyn Income Fund1 and Nedgroup Global Cautious Fund strategies until February 2019. Prior to its acquisition by Chartwell, Cipolloni and Saylor spent more than a decade as co-portfolio managers, research analysts, investment committee members and minority shareholders at The Killen Group.

Penn Mutual Asset Management’s new balanced income strategy will serve as a contrarian, conservative allocation approach that intends to provide investors with current income while seeking to preserve capital. The strategy will attempt to deliver positive, risk-adjusted returns from both security selection and asset allocation. Under the management of Cipolloni and Saylor, the firm will also be launching an institutional mutual fund in the near future that complements the firm’s existing product lineup.

“The launch of our new balanced income strategy is the next evolution of our fixed income offerings in the institutional marketplace,” notes Chris Fanelli, managing director, business development at Penn Mutual Asset Management. “George and Mark’s successful track record in managing balanced income strategies will prove invaluable in our efforts to generate consistent, risk-adjusted returns for our clients.”

 Retirement Services Leader of Millennium Trust Retires

Millennium Trust has announced that its managing director of retirement services, Terry Dunne, will retire effective April 1.

According to the firm, Chief Growth Officer Erik Beck has been working with Dunne and the Retirement Services team to ensure a seamless transition for clients. Millennium Trust says it will announce when a successor is identified.

“After spending the past 15 years committed to the success of Millennium Trust and our clients in the retirement industry, I’m excited about this next chapter in life —my own retirement,” Dunne says. “I am proud of the sales and service teams that we have built here, who always put our clients first, and I am very confident that this firm will continue to succeed because of its outstanding culture and values. I want to sincerely thank everyone who has supported our mission of increasing retirement readiness for Americans.”