PLANADVISER - Summer 2023 - 13

➜ Trusted Wealth Partners, of
Omaha, Nebraska, has brought
its $465 million in client assets to
Commonwealth Financial Network.
Trusted Wealth, including Nathan
Brobst, Clint Eikmeier, Jim Lammers,
Matt Peters and Mark Slattery will
join the Waltham, Massachusettsbased
Commonwealth network of
advisers. Trusted Wealth provides
investment management, financial
planning, retirement and estate planning,
and insurance services.
➜ Commonwealth Financial
Network also added Pinnacle
Private Wealth, of Kimberly,
Wisconsin, to its network of financial
advisers. Pinnacle's senior partners,
Todd Funk and Kelly Watzka, and
their team bring $220 million in client
assets. Watzka says Pinnacle's team
will help Commonwealth serve more
small businesses.
➜ Standard Insurance
Co. promoted Brody
Geist to divisional vice
president. He will work
with advisers and third-party administrators
in the Western U.S. Before
joining The Standard as regional
vice president, in 2017, Geist worked
at Securian Financial as senior
regional vice president, major
accounts retirement sales, small
business retirement sales, and assistant
vice president of sales.
➜ The Institutional
Retirement Income
Council, a nonprofit
think tank for the retirement
income planning
community, appointed
Michael Kreps (photo,
top), Laura Schumann
(photo, middle) and Mark
Shemtob (photo, bottom)
to its board of directors.
Kreps is chair of Groom
Law Group's retirement services
group, working with a variety of
clients on retirement and health plan
issues. Schumann is vice president,
product development and management
at NRECA [National Rural
Electric Cooperative Association],
where she oversees the employee
benefits product portfolio. Shemtob
is a fellow of the Society of Actuaries
and an enrolled actuary under
the Employee Retirement Income
Security Act.
➜ CAPTRUST Financial Advisors
LLC acquired Aevitas Wealth
Management Inc., Wellesley Hills,
Massachusetts. Aevitas, led by
Michael Schreiber, the company's
president and chief investment
officer, brings $567 million in assets
to CAPTRUST, along with four new
colleagues. Aevitas provides financial
planning and advisory services
to individuals, families and small
businesses. The firm also provides
advice and investment services
for endowments, foundations and
retirement plans.
➜ TIAA appointed
Melissa Kivett to the
newly created role of
executive vice president
of corporate retirement solutions and
business development. TIAA created
the new role for an increased focus
at the firm on products, partnerships
and distribution to the 401(k)
corporate retirement market. TIAA
has historically served the nonprofit,
403(b) retirement plan market.
➜ Prime Capital Investment
Advisors LLC has partnered with
Goldman Sachs Advisor Solutions
as an added custody provider. The
partnership follows PCIA's doubledigit
annualized organic growth and
the addition of 43 advisers over the
past 18 months. As of April, PCIA had
more than $20 billion of assets under
advisement.
➜ Voya Financial has
added two new positions
to support the growth of
its workplace solutions
distribution team, which includes
retirement plans and services. Kurt
Ritter was hired as vice president,
consultant relations director. Before
this, he was a relationship manager
in consultant relations for MissionSquare.
Blake Bandani (photo) has
joined Voya as a sales director for
the emerging market team. He will be
responsible for selling 401(k), 403(b)
and nonqualified plans, health
savings accounts and emergency
savings accounts to employers with
under $50 million in assets.
➜ Fairport Wealth, a
Cleveland-based business
of Hightower Advisors,
hired Mike Drennen
(photo) as its chief wealth officer; he
takes on the executive leadership
responsibilities previously overseen
by Matt Logar, who was named CEO
in April. Drennen previously worked
at Hightower Advisors in Chicago
as an executive director on the
adviser engagement team, partnering
with advisory firms nationally.
Before joining Hightower, he was vice
president of business consulting at
Carson Group and spent eight years
at Fidelity Investments.
➜ Portfolio management
and advisory firm
Cambridge Associates
appointed Samantha
Davidson as the firm's
president and head of global
investing, starting in July. She will
lead the global investing team and
oversee Cambridge's global investment
platform to ensure that clients'
return and partnership expectations
are satisfied, according to the
release. Davidson was previously
a senior partner in, and U.S. investments
leader at, Mercer.
Awards & Innovation | Summer 2023 | planadviser.com 13
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