Retirement Industry People Moves

Art by Subin Yang

LCG Associates Promotes Former Investment Analyst

LCG Associates Inc. has promoted Rachel E. Foss to consultant. She is based out of the Atlanta office. 

“Rachel’s promotion is the outcome of hard work, an eagerness to learn, a willingness to help out beyond her job description and great work with her client teams,” says Edward F. Johnson, president and chief executive officer.

Foss has six years of industry experience and joined LCG in 2015. Her responsibilities include investment strategy development, manager due diligence, special research projects and providing investment advice to clients. Prior to her current role, Foss was an investment analyst and a performance analyst. 

She is a candidate for Level III of the Chartered Financial Analyst (CFA) program and a candidate for Level II of the Chartered Alternative Investment Analyst (CAIA) program.

Foss graduated from the Georgia Institute of Technology with a bachelor’s degree in business administration concentrating in finance.

Hub Selects New Financial Adviser

Hub International has hired financial adviser Randy Grose and acquired his book of business.

Based in Englewood, Colorado, Grose has more than 20 years of experience working with retirement plans and wealth management services. He will join Hub Retirement and Private Wealth (Hub RPW) in Hub Colorado.  

Advisor Group Adds Two Professionals Through Securities America

Advisor Group has recruited financial advisers Robert “Bob” Batick and Norman “Todd” Coates. The two collectively oversee $376 million in total client assets.

The advisers join Advisor Group through its network member firm, Securities America, and two of Securities America’s largest affiliated Super-OSJs, with Batick joining Patriot Financial Group and Coates joining Navigation Financial Group.

In addition to Securities America, Advisor Group also includes FSC Securities, Royal Alliance Associates, SagePoint Financial, Triad Advisors and Woodbury Financial Services.

Jim Nagengast, CEO and president of Securities America, says, “We are excited to welcome these two outstanding financial advisers to Securities America. Bob Batick and Todd Coates have established thriving practices through their enduring commitment to going the extra mile for their clients, and we are pleased to support them in progressing to the next stage of their growth. We also congratulate Patriot Financial Group and Navigation Financial Group on welcoming these two advisers. Their success is our success, and we look forward to continuing to build on our partnerships with them in the years to come.”

Batick joins Securities America through Patriot Financial Group and specializes in supporting and advising corporate retirement plans. Coates joins Securities America Advisors, one of Securities America’s two corporate registered investment advisers (RIAs), through Navigation Financial Group. He provides a balanced mix of services for his clients through a hybrid advisory model.

Greg Cornick, Advisor Group’s president, advice and wealth management, says, “We are thrilled to welcome Bob and Todd to the Advisor Group network. Their focus on top-tier client service makes them a perfect fit with our platform and culture, and we are proud to partner with them to drive their continued success. Our commitment to finding new ways to support our financial advisers as they serve their clients is the ultimate reason behind our success, and we are happy to stand in their corner as they pursue their growth goals.”

Retirement Plan Consultant Joins SageView

Marc Schmeeckle has joined SageView Advisory Group as a retirement plan consultant in its Denver office. He joins a team that includes Consultants Wayne Roth and Kevin Schmeits.

Schmeeckle brings over 18 years of experience in financial services to SageView, most recently with Principal Financial Group as the director of retirement solutions. In this role, he worked with thousands of participants to improve their retirement outlook and transition into retirement. Schmeeckle also led the west division of the Principal Retire Secure program. Prior to his work in financial services, Schmeeckle was a firefighter and U.S. Army Ranger.

“When Wayne reached out about joining SageView in Colorado, I was thrilled,” Schmeeckle says. “I have known him for more than 20 years, and this was an opportunity I could not pass up. I look forward to working alongside Wayne and Kevin in my new role at SageView, a firm I have admired for many years, while continuing the work I’ve always enjoyed: supporting plan sponsors and helping participants achieve a secure retirement.”

As a retirement plan consultant at SageView, Schmeeckle is responsible for supporting new and existing plan sponsor clients with all aspects of plan management, including investment consulting, evaluation and monitoring, plan design, employee and plan sponsor education, plan health and benchmarking, and managing fiduciary obligations. He will also serve as a consultant to the Denver team’s wealth management clients, advising on financial and retirement planning.

Randy Long, SageView founder and managing principal, adds, “Marc is a great complement to our team in Denver, where we see immense potential for growth both in our institutional and wealth management businesses. Marc’s varied experience working with plan sponsors and participants in 401(k), 403(b), 457, defined benefit [DB], ESOP [employee stock ownership plan] and nonqualified deferred compensation [NQDC] plans is an asset to SageView and our clients.”

Schmeeckle has a bachelor’s degree in criminal justice from Metropolitan State University of Denver and a master’s in business administration from Colorado State University.

Broadridge Hires CIT Funds Director

Broadridge Financial Solutions has appointed Toby Cromwell to the role of director, CIT funds product management.

In this role, Cromwell will be responsible for the growth and management of a portfolio of products, primarily collective investment trust (CIT) funds, and will play a key role in the product development, management, and governance and business management for all stable value and other CIT products in the United States. Cromwell will play a role in amplifying Broadridge’s Matrix Solutions as a preferred discretionary trustee within the retirement provider community. 

Based in Denver Cromwell brings over 30 years of experience to the role, having previously served as vice chairman at Colorado State University Foundation and chairman of the investment committee, executive vice president at Scout Investments, and as head of global consultant relations and institutional defined contribution (DC) strategy at Columbia Threadneedle. Cromwell will leverage his extensive knowledge of the space to expand Broadridge’s discretionary trustee services within the retirement provider community.