PLANADVISER - Winter 2023 - 11

More On
The Moves
➜ CAPTRUST Financial Advisors
added The Normann Financial
Group, a retirement plan and
wealth advisory firm in Sanford,
North Carolina, overseeing more
than $1.3 billion in assets. The firm
is led by founder Kel Normann, who
started in the business in 2015, and
includes nine additional colleagues
that will join CAPTRUST. This deal
expands CAPTRUST's footprint across
North Carolina beyond the firm's
nearby Raleigh headquarters and
existing offices in Charlotte, Greensboro
and Wilmington. The registered
investment advisory has acquired 71
firms since 2006.
➜ Mercer Global Advisors Inc., a
wealth management and financial
planning advisory, acquired Singh
Advisory LLC, a wealth management
firm in Denver. Singh Advisory
was founded by Parshad Singh in
2018 and currently has assets under
management of approximately
$60 million. Singh said Mercer Advisors
was appealing for being a national
family-office registered investment
adviser with dozens of in-house estateplanning
lawyers. He noted that it
employs a dedicated team of certified
public accountants and other tax
professionals to provide turnkey tax
return preparation for the firm's clients,
as well as providing corporate trustee
and other services in house.
➜ Edelman Financial Engines LLC
acquired PRW Wealth Management
LLC, a registered investment
adviser headquartered in Quincy,
Massachusetts. PRW manages more
than $500 million in assets under
management for approximately 200
clients, including individuals, families,
endowments, foundations and
business owners. The firm provides
a range of wealth management
capabilities, focusing on strategic
planning, investment management
and wealth transfer, according to
Edelman's announcement. PRW is the
fifth acquisition made by Edelman
in the past 13 months, continuing
the expansion of its wealth planning
capabilities across key regions
➜ The National Association of
Government Defined Contribution
Administrators promoted Kelly
Hiers to NAGDCA executive board
president. Hiers currently serves as DC
plans administrator at the Virginia
Retirement System. She replaces
Sandy Blair, the administrator for the
California Savings Plus program,
and is replaced as executive board
vice president by Mo Raihan, chief
retirement officer at NYC Health +
➜ Jed Finn is set to lead Morgan
Stanley's wealth management division,
reporting to recently named
co-President Andy Saperstein, who
made the announcement. Finn, who
joined Morgan Stanley in 2011, will be
promoted from his current position
of chief operating officer of wealth
management and will be secondin-command
to Saperstein. " His
appointment is a natural progression
in what has been an outstanding
career and will leverage his knowledge
of the full range of our wealth
management businesses, " Saperstein
wrote in a memo obtained by
PLANADVISER. Finn will assume his
role the same day as will Ted Pick,
the incoming CEO, as part of a redesigned
senior leadership team. In
October, Morgan Stanley announced
that co-president Pick would replace
James Gorman as CEO of the global
financial services firm.
➜ Cathy Marasco, current associate
vice president of retirement solutions
product development, was selected
to lead Nationwide's new protected
retirement team. " I'm excited to see
rapidly growing interest in protected
income solutions from both retirement
savers and plan sponsors, "
Marasco said in a statement.
Marasco will integrate and build a
coordinated team responsible for
advancing awareness and adoption
of in-plan guarantee solutions.
➜ Sunitha Thomas has been named
co-head of the newly formed wealth
client group at Northern Trust Asset
Management. In this newly created
role, Thomas will provide leadership
to serving NTAM's Northern Trust
Wealth Management clients and
strengthening NTAM's presence in the
intermediary wealth management
industry. Thomas will report to NTAM
President Daniel Gamba. Thomas
joined Northern Trust more than
20 years ago, spending 15 years in
wealth management as a regional
senior investment officer and national
portfolio adviser and five years as a
fundamental equity researcher.
➜ The Certified Financial Planner
Board appointed Kevin Roth as
managing director of research, effective
mid-October. Roth is responsible
for leading the CFP Board research
agenda, assessing the impact of
financial planning on clients' wellbeing,
translating research findings
into actionable recommendations
and collaborating with CFP Board
partners to share data through publications,
presentations and other
channels. Roth was previously vice
president of research, evaluation and
technology at the National Recreation
and Park Association.
➜ Principal Asset Management
promoted Andrew Matos to chief
financial officer for workplace savings
and retirement solutions. In his new
position, he takes on additional
responsibilities to his previous role
as head of stock plan services, overseeing
employee stock ownership
plan and equity compensation plan
capabilities. Matos reports to Lou
Flori, chief financial officer for retirement
and income solutions, and
Teresa Hassara, senior vice president
of workplace savings and retirement
solutions at Principal. -PA
Plan Management | Winter 2023 | 11

PLANADVISER - Winter 2023

Table of Contents for the Digital Edition of PLANADVISER - Winter 2023

Publisher’s Note
Just the Facts
On the Move
Nuts & Bolts
What’s Next?
Best Foot Forward
2023 PLANADVISER National Conference
Cybersecurity Conference
Let It Ride
Cultivating Connections
The Risks of Custom TDFs
Managed Account Services
Be Sure They Get the Message
End Paper
PLANADVISER - Winter 2023 - Cover1
PLANADVISER - Winter 2023 - FC1
PLANADVISER - Winter 2023 - FC2
PLANADVISER - Winter 2023 - Cover2
PLANADVISER - Winter 2023 - 1
PLANADVISER - Winter 2023 - Publisher’s Note
PLANADVISER - Winter 2023 - 3
PLANADVISER - Winter 2023 - Just the Facts
PLANADVISER - Winter 2023 - 5
PLANADVISER - Winter 2023 - 6
PLANADVISER - Winter 2023 - 7
PLANADVISER - Winter 2023 - On the Move
PLANADVISER - Winter 2023 - 9
PLANADVISER - Winter 2023 - 10
PLANADVISER - Winter 2023 - 11
PLANADVISER - Winter 2023 - Nuts & Bolts
PLANADVISER - Winter 2023 - 13
PLANADVISER - Winter 2023 - What’s Next?
PLANADVISER - Winter 2023 - 15
PLANADVISER - Winter 2023 - 16
PLANADVISER - Winter 2023 - 17
PLANADVISER - Winter 2023 - 18
PLANADVISER - Winter 2023 - Best Foot Forward
PLANADVISER - Winter 2023 - 20
PLANADVISER - Winter 2023 - 21
PLANADVISER - Winter 2023 - 2023 PLANADVISER National Conference
PLANADVISER - Winter 2023 - 23
PLANADVISER - Winter 2023 - 24
PLANADVISER - Winter 2023 - 25
PLANADVISER - Winter 2023 - Cybersecurity Conference
PLANADVISER - Winter 2023 - 27
PLANADVISER - Winter 2023 - Let It Ride
PLANADVISER - Winter 2023 - 29
PLANADVISER - Winter 2023 - 30
PLANADVISER - Winter 2023 - 31
PLANADVISER - Winter 2023 - Cultivating Connections
PLANADVISER - Winter 2023 - 33
PLANADVISER - Winter 2023 - The Risks of Custom TDFs
PLANADVISER - Winter 2023 - 35
PLANADVISER - Winter 2023 - Managed Account Services
PLANADVISER - Winter 2023 - 37
PLANADVISER - Winter 2023 - People-Savvy
PLANADVISER - Winter 2023 - Be Sure They Get the Message
PLANADVISER - Winter 2023 - End Paper
PLANADVISER - Winter 2023 - Cover3
PLANADVISER - Winter 2023 - Cover4