Steve Barham, senior vice president of mPower, left the firm to start his own consulting practice, Advice Essentials. Mr. Barham said he will work with defined contribution plan sponsors interested in hiring online investment advice providers.
Mr. Barham is the third top executive to leave mPower this year. Scott Lummer, mPower’s chief investment officer, left in October to start a consulting business, and Steve Deschenes resigned as CEO earlier in the year.
