Lincoln Financial Distributors (LFD), the wholesale distribution subsidiary of Lincoln Financial Group (NYSE:LNC), today announced that John Morabito has joined the company as Head of Institutional Retirement Solutions Distribution. In this role, Morabito will be responsible for leading efforts to further grow Lincoln’s full service Retirement Plan Services offerings for corporate and nonprofit/tax exempt plan sponsors.
Lincoln has been a leading provider of retirement solutions for more than 50 years and has managed retirement plans for employers of various sizes across industry sectors. Lincoln’s Retirement Plan Services business is committed to maintaining long-term relationships with consultants and advisors who value Lincoln’s high touch, client-centric approach.
Prior to joining Lincoln, Morabito was Senior Vice President, U.S. Full Service Distribution for Prudential Financial.
"Lincoln is committed to capitalizing on significant investments being devoted to the growth of the full service retirement plan business," said Will Fuller, President and CEO of LFD. "John is a dedicated professional bringing 30 years of market experience to Lincoln, and we are pleased to have someone of his caliber join our team."
"Lincoln is recognized as an industry leader for its comprehensive set of solutions, its superior distribution platform, and its dynamic relationships in the marketplace," said Morabito. "There is an enormous growth opportunity in the retirement space, and I’m looking forward to being part of Lincoln’s winning combination and helping to expand its position as a leader in retirement plan services," he said.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $164 billion as of June 30, 2011. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) plans; savings plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.