Franklin Templeton Enhances Social Security Optimizer Tool
New tools gauge and display the amount of income
from assets needed to delay benefits past full retirement age, as well as
assets needed to replace income lost after the passing of a spouse.
Franklin Templeton Investments has
enhanced its Social Security Optimizer tool with Benefit Delay and Benefit
Replacement calculators.
These tools gauge and display the amount of income
from assets needed to delay benefits past full retirement age, as well as
assets needed to replace income lost after the passing of a spouse.
The optimizer comes with a step-by-step guide that considers certain assumptions in order to help advisers customize a
benefits-filing strategy
based on data inputs outlining clients’
specific situations. This data can then be compared with a framework seeking to maximize benefits paid. This can
be presented in a hypothetical illustration report indicating how and when to consider filing
for benefits according to the chosen strategy.
A reference guide to the Social Security Optimizer can be FranklinTempleton.com.
More information about the tool can be accessed here.
Northern Trust expands Institutional Client Service; JPMAM expands DC Real
Estate team; Mesirow Financial partners with T. Rowe Price on fiduciary services; and more.
Shaun Flavin has joined as head of North
American institutional sales. He will be responsible for asset servicing sales including
global custody and transition management to large institutional investors in
North America. Based in Chicago, Flavin has more than 25 years of experience in
fund operations, institutional sales and relationship management, most recently
in senior leadership roles at BNY Mellon.
Andrea Perry joined as senior client
relationship manager at Northern Trust Canada for the Atlantic region serving
both institutional investors and asset management firms. A 30-year veteran of
the investment industry, Perry comes to Northern Trust from an investment
management firm where she was responsible for developing and executing business
development strategy and growth initiatives specifically in Atlantic Canada.
Perry is a past president and current member of the CFA Society Atlantic Canada
and member of the Association of Canadian Pension Management (ACPM).
Nigel Colgan joined Northern Trust’s
institutional sales team in London in the newly created role of senior
technology sales consultant, EMEA. Colgan will engage with strategic asset
owners and asset managers across the region on the breadth and depth of
Northern Trust’s technology solutions to support investment decision making,
execution, oversight and analytics. Colgan brings more than 25 years of asset
servicing experience, working with different client types across the region at
BNY Mellon and ABN Amro Mellon.
Johnson Har joined as an institutional sales
manager in Hong Kong. Har will focus on bringing Northern Trust’s capabilities and solutions to asset owners and asset managers across
China, Hong Kong, Taiwan and South Korea. He joins from SS&C Fund Services
and has worked for nearly a decade in business development and client relations
for asset management, fund servicing and financial technology firms in the Hong
Kong market.
“As our institutional client base grows across all regions,
we continue to bring in talented professionals with the skills and experience
our clients seek and the specific expertise to position our innovative
technology in very competitive markets,” says Penelope Biggs, head of strategy,
Corporate and Institutional Services at Northern Trust. “These appointments
will drive our momentum and proactive approach in supporting the evolving needs
of clients, through advanced operating models and scalable technology designed
to deliver an optimum transparency and data governance experience.”
NEXT: FS
Investments
Appoints Head of Strategy
FS
Investments
Appoints Head of Strategy
FS
Investments, an
alternative asset manager with more than $20 billion in assets under
management, has hired Michael Carter as executive
vice president and head of Strategy.
Carter will be based in the firm's Philadelphia headquarters, serve on the
firm’s Executive Committee, and oversee firm strategy and business development with
a focus on growing FS Investments’ existing credit franchise and expanding into
other alternative investment platforms.
“Mike Carter has had a broad,
impressive career in financial services as a credit and hedge fund platform
builder, operator and leader,” says Michael
C. Forman, chairman and CEO of FS Investments. “Mike’s investment
experience and strategic focus will be critically important as we continue to
build our business to offer investors more alternative investment options.”
In his most recent role as chief operating
officer at Magnetar Capital, Carter had direct managerial responsibility for
all global operations, strategic planning and business development. Carter was
a member of the firm’s Executive Committee, Management Committee, Investment
Committee, Valuation Committee and chair of the Operations Committee.
Prior to joining Magnetar, Carter
spent 15 years at Lehman Brothers in various credit and investment banking
roles, including leadership roles in the interest rate derivatives,
securitization, and structured credit and CDO businesses. He was co-head of
Lehman's Structured Credit Desk, co-head of its U.S. Structured Credit Sales
group and a leader of the Hedge Fund Banking Group. He also helped launch
the firm's securitization business in London.
He holds a bachelor’s degree in
business with a minor in politics from Wake Forest University.
NEXT: JPMAM Expands DC Real
Estate Team
JPMAM Expands DC Real
Estate Team
J.P. Morgan Asset
Management has appointed Jani Venter
as executive director of the Defined Contribution Real Estate Portfolio
Management team. Based in New York, Venter will focus on managing and
growing J.P. Morgan Global Alternative’s suite of defined contribution (DC)
real estate strategies in the U.S., where the firm has more than $3 billion in
daily valued real estate assets.
“DC plans are increasingly adopting real estate strategies
as they look to provide participants with the diversification advantages that
defined benefit plans have enjoyed for decades, and we’re continually expanding
our team to address this demand.” says Sue Kolasa, managing director and
portfolio manager, Defined Contribution Real Estate, J.P. Morgan Asset
Management. “With her deep understanding of this rapidly growing space and a
passionate focus on improving participant outcomes, Jani was a natural addition
to the group as we continue our momentum and serve our clients.”
Prior to
her appointment, Venter was an associate partner at Aon Hewitt, where she led
the DC real estate research and consulting practice. She holds a master’s
degree in Real Estate Development from MIT and Bachelor’s degrees in Building
Science and Architecture from The University of Port Elizabeth, South
Africa.
NEXT: Mesirow Financial Partners with T. Rowe
Price on Fiduciary Services
Mesirow Financial
Partners with T. Rowe Priceon Fiduciary Services
Mesirow Financial
is providing 3(21) and 3(38) fiduciary partnership services to plan sponsors
and advisers working with T. Rowe Price
Plan Services.
The 3(21) offering is an investment advisory program that
provides a broad menu of investment options of which MFIM takes fiduciary responsibility.
The 3(38) service option gives MFIM full discretion for selecting, monitoring,
and replacing investment options within plan line ups if necessary.
“We’re excited to work with T. Rowe Price, its client plans
and advisers,” says senior managing director,
Michael Annin. “We’ve developed a fiduciary service integrating our newest
automation, technology, and reporting capabilities with their platforms to
create a solution that supports and complements financial advisers.”