Retirement Industry People Moves

SageView Hires Sarah Parker as Retirement Plan Consultant

Sarah Parker.

SageView Advisory Group has hired Sarah Parker as a retirement plan consultant to expand its Midwest footprint.

Parker joins the firm with more than 15 years of experience working with ERISA and non-ERISA retirement plans, including overseeing a $10 billion defined contribution practice, according to an announcement. She also brings expertise in ESG implementation, target-date funds, vendor selection and oversight, fee benchmarking, managed accounts and financial wellness solutions.

Parker will provide investment oversight and guidance for both not-for-profit and for-profit clients, according to SageView.

“We are thrilled to have Sarah join the SageView team given her depth of experience as a fiduciary with public, private, and defined benefit retirement plans,” Jon Upham, SageView’s president and head of institutional retirement, said in a statement. “We know she will help our clients navigate the industry’s complexities, so their plan participants have peace of mind.”

Parker joins Sageview from a senior consultant role for financial advisory Clearstead, and before that she was an institutional investment analyst for Charles Schwab Corp..

Murray Named Investment Adviser for SWBC Retirement

Mark Murray.

Mark Murray, formerly of Creative Planning, has joined SWBC Retirement Plan Services in the role of investment adviser, according to a spokesperson.

Murray will work to ease the lives of plan sponsors by bringing SWBC’s structure, discipline and documentation approach to midsize and large retirement plans, the spokesperson wrote via email. Murray will also focus on improving participants’ outcomes through targeted education.

Prior to a financial wellness consulting role at Creative Planning, Murray was director of retirement education and planning services at Transamerica Corp. for about 18 years and helped create a participant education division, working to improve participant outcomes and plan metrics.

California State Treasurer Ma Appoints Teykaerts ED for CalSavers 

California State Treasurer Fiona Ma has appointed David Teykaerts as the executive director of the CalSavers Retirement Savings Board, California’s retirement savings program with the goal of ensuring residents have access to a workplace retirement account, according to an announcement.

Teykaerts will replace Katie Selenski, who was the program’s first executive director and led the program’s launch and implementation. After leaving CalSavers in April, Selenski was named a senior adviser for the Defined Contribution Institutional Investment Association on Thursday.

Teykaerts most recently served as interim chief of stakeholder relations at the California Public Employees’ Retirement System, the nation’s largest pension fund. In that role, he led outreach and communications to the pension fund’s stakeholder groups and advised executive leadership on investment, retirement and health care policy.

Teykaerts also oversaw diversity, equity and inclusion training; Public Records Act requests; and events and major conferences at CalPERS, according to the state treasurer’s office. The department stressed that in 10 years with CalPERS, Teykaerts worked with a wide variety of stakeholders, including elected officials, professional management representing local governments, labor leaders, school districts, retiree coalitions and private sector leaders.

CalSavers has seen 89.1% of employers register for the savings program it implemented in 2019, with 434,918 funded accounts and $594.6 million in assets under management, according to the announcement.

Former executive director Selenski will report to DCIIA president and CEO Lew Minsky, the association wrote in an announcement. Selenski was hired for her many years of experience in the retirement savings industry, particularly her leadership in launching CalSavers, according to the announcement.

American Century Promotes Nelligan to Head of Financial Institutions

Michael Nelligan.

Asset manager American Century Investments promoted Michael Nelligan to head of financial institutions to lead a team of strategic relationship managers focused on the firm’s financial institution clients in both insurance and retirement, according to a spokesperson.

Nelligan was promoted to the role from strategic relationship manager and will report to Rick Luchinsky and Brian Schappert, co-heads of U.S. intermediary distribution, the spokesperson wrote via email.

Nelligan was hired at American Century in 2019

Miracle Mile Taps Nate Angelo to Head Wealth Management 

Nate Angelo.

Miracle Mile Advisors, a wealth manager focused on high-net-worth clients, has appointed Nate Angelo as head of wealth management.

In this newly created role, Angelo will work with the firm’s senior leaders to develop, refine and execute market and sales strategies, onboarding processes, financial planning framework and holistic service models, according to an announcement.

Angelo joins the firm after holding senior leadership roles at RBC Wealth Management, most recently as the director of its Pacific Northwest complex. In that role, he grew the firm’s regional revenues by more than 60% through adviser recruiting, coaching and support, according to the announcement.

“Thanks to the breadth of our services and unique culture, our firm is well-positioned to support accomplished financial professionals,” CEO Bruce Milam said in a statement. “Nate, who has a well-deserved reputation for getting results, is just the person to oversee our robust growth strategy. I’m delighted to welcome him to the team.”

Miracle Mile makes the announcement after appointing Milam as chief executive officer in June. Last year, the firm received a growth investment from Corsair Capital and announced a merger with Karp Capital Management, bringing total client assets to $4.7 billion.