Deals & People June 3, 2008

SageView Advisory Group Adds Non-Profit Specialist from TIAA-CREF

SageView Advisory Group, an independent retirement and personal wealth management consulting firm, added Brian Cressey to its Irvine office staff.
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The addition is an effort by the company, an NRP Member Firm, to strengthen its non-profit division in light of changing 403(b) regulations, according to a press release.

Cressey has more than 25 years of experience delivering retirement plan solutions to plan sponsors in the educational, research, governmental, and non-profit sectors.

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In his new role, Cressey will partner with plan fiduciaries to mitigate risk by assisting in the areas of plan design, compliance, employee education, the development of investment policy statements, investment selection, and ongoing investment due diligence. The company says he is well-versed with the Employee Retirement Income Security Act (ERISA) and retirement plan administration, and is knowledgeable of all types of defined contribution plans including profit sharing/401(k), money purchase, 403(b), 457, and non-qualified deferred compensation.

Prior to joining SageView, Cressey was a regional vice president in charge of the middle market institutions in the West for TIAA-CREF, the portable, nationwide defined contribution retirement system for higher education. He also played a key role in the initial establishments of the Washington, D.C., branch office of TIAA-CREF and the Newport Beach branch office, which he managed.


Deals & People June 2, 2008

Team of 10 Joins Riverfront Investment Group

Two months after launching an independent asset management firm, the four founding partners of Riverfront Investment Group, LLC, are bringing on a number of their former Wachovia Securities teammates.
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The professionals joining include portfolio managers, research analysts, relationship managers and portfolio administrators. The newly expanded team will all work out of Riverfront’s new Richmond office, according to a release.

“We are very excited to be reunited with all of our teammates,” said Michael Jones, Riverfront founding partner, chairman and CIO. “While we’ve continued to work with this group every day for the past two months, the chemistry and camaraderie that drive our investment process are easiest to achieve when we’re working side by side for the same firm.”

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The new additions to the Riverfront team are:

  • Tim Anderson, partner, chief fixed income officer
  • Marc Cheatham, partner, director of technology and operations
  • Paul Louie, partner, director of small and mid-cap portfolio management
  • Bill Ryder, partner, director of quantitative strategy
  • Sam Turner, partner, director of large-cap portfolio management
  • Rebecca Felton, relationship manager
  • Chris Konstantinos, portfolio risk manager
  • Ken Liu, global macro strategist
  • Wendy Smailes, manager, compliance and administration
  • Karrie Southall, manager, portfolio administration and trading

In their six years together at Wachovia, the team created a series of asset allocation separate account portfolios. Using a “glass walls” approach to clearly communicate their investment decisions, the team attracted nearly $8 billion in client assets into the portfolios, the release says.

This past April, Jones, Rod Smyth, Doug Sandler, and Pete Quinn launched Riverfront Investment Group offers a series of separate account portfolios and strategic and tactical market commentary to financial advisers and their clients, including high-net-worth investors, families, and institutions.

For more information, visit www.riverfrontig.com.

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