Tech-enabled brokerage Newfront has announced the appointment of Rich Schainker (pictured above) to its retirement services team. Schainker has more than 30 years of industry experience.
“Rich is well-known in the industry as a true expert in our field,” said Chris Call, president of retirement services at Newfront. “I’m thrilled to welcome him to our talented group and continue establishing a dynamic approach to fiduciary oversight.”
Schainker joins Newfront from Bank of America, where he served as director of employee benefits. Prior to that, he served as senior regional vice president for retirement plans at Invesco. He has also held leadership roles at John Hancock, Principal Financial Group and T. Rowe Price.
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Schainker will be based in San Francisco and serve clients across the country.
“I am eager to continue blazing the trail the team has embarked upon to support sound fiduciary stewardship while putting employees on the right track for a successful retirement,” he said. “In very short order, I have come to learn that the secret sauce behind the success of Newfront is the culture they’ve created.”
