Adam Sokolic was named senior vice president for retirement strategy and services at American Century Investments.
The position is new. Mr. Sokolic, who started Monday, will evaluate and develop products across American Century’s retirement businesses, which include defined contribution investment-only services and the administration of individual retirement accounts, said Christopher Doyle, an American Century spokesman, in an e-mail.
“He’ll also determine if there are outside relationships in one part of the business that can be leveraged to create new retirement products or services for other parts of the business,” Mr. Doyle wrote.
Out of American Century’s $150 billion in assets under management, the firm manages about $44 billion in retirement-related assets, Mr. Doyle added.
Mr. Sokolic had been senior vice president of the LPL Retirement Partners unit of LPL Financial.
“We are in the process now of filling Adam’s role, though the responsibilities may change slightly depending on who we end up placing in the role,” David Reich, executive vice president and head of LPL Retirement Partners, said in an e-mail statement. “While I am sad to see him go, I am excited for his future in this industry.”
