anaged account industry pro Robert W. Dineen
has joined Lincoln Financial Advisors
at its new chief executive officer and president. Dineen was most recently a senior vice president at Merrill Lynch
, where he headed the brokerage giant's Managed Asset Group. Merrill has grown that business, which includes Consults
, to $3.5 billion in revenues, according to Dineen.
Merrill Lynch has announced last month that Dineen would be leaving the firm in December. At that time Merrill said that Dineen planned to retire and that his position would be filled internally. He had replaced Mike Feigeles in 2001.
The move comes after a year in which Lincoln National has reorganized its sales and marketing efforts and those of its Delaware Investments affiliate.
Dineen, who spent two decades at Merrill Lynch, was a prime force behind the Merrill offerings in the managed account arena. Prior to joining Merrill in 1982, he had worked as a Secret Service agent in Washington. At Merrill, he was also a first vice president in the firm's mutual funds group.
"This is a terrific opportunity and an exciting time to be joining Lincoln. Lincoln has an outstanding reputation for attracting top talent, manufacturing outstanding products and providing sophisticated financial planning advice for the affluent and retirement markets," said Dineen in a statement. "Lincoln Financial Advisors is surely one of the nation's leading providers of estate planning and investment advice," he said.
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