Seasoned leader to drive new unit’s focus on providing world-class advice and service

GREENWOOD VILLAGE, COLO. March 25, 2024 – Empower announced today that Roger Hobby will join the company as Executive Vice President and Head of Advisory & Distribution for the firm’s wealth management business – Empower Personal Wealth™.

Hobby will join Empower on April 1 and bring extensive wealth management, executive benefits, workplace, and general management skills. He will lead the company’s in-plan and direct-to-consumer long-term customer focus, which will include delivering outstanding service, financial planning, and advice expertise.

Hobby is a proven financial services leader who has had tremendous success in growing businesses throughout his career by joining innovative thinking to high-quality customer service. He most recently worked at Fidelity Investments, where he was head of distribution for Private Wealth Management, Executive Services, Workplace Planning and Advice, and Stock Plan Services. He led Fidelity’s service to high-net-worth clients and workplace participants to help them meet their investment, equity compensation, trading, and planning needs.

“Roger has a very deep understanding of our customers’ needs and choices, and I am confident he will help Empower Personal Wealth create valuable experiences for them,” said Carol Waddell, President of Empower Personal Wealth.

Waddell noted that Hobby has demonstrated an exceptional focus on customers and the essential role a firm’s client-serving associates play in creating a trusted relationship with customers.

“His passion for customer success is evident to anyone who meets Roger. He is a mission-driven innovator who puts the customer at the center of his thinking,” said Waddell. “I am excited to work with him.”

“Empower is well positioned to continue the success they’ve had through an intense focus on the needs of customers, and I’m proud to become a part of their story,” said Hobby, who will report to Waddell. “While Empower Personal Wealth is a more recent entrant in the wealth management market, we have a great opportunity to deliver world-class experiences to help customers achieve results.”

Prior to his recent role at Fidelity, Hobby was President of Fidelity’s Family Office Services group, where he was responsible for managing all strategy, sales, business development, technical product development, and relationship management for high-net-worth clients. He previously served as President of Wilmington Trust, N.A., where he led the development of wealth advisory services for clients throughout the northeastern United States, including private banking, equity compensation planning, investment services, fiduciary services, and family office services.

Hobby holds a bachelor’s degree in finance from the University of Alabama and is a graduate of the General Management Program at Harvard Business School. He currently maintains FINRA Series 6, 7, and 8 securities registrations and Series 63 and 66 state licenses.

ABOUT EMPOWER

Recognized as the second-largest retirement services provider in the U.S.¹ by total participants, Empower administers approximately $1.5 trillion in assets for more than 18.5 million investors² through the provision of retirement plans, advice, wealth management, and investments. Connect with us on empower.com, Facebook, X, LinkedIn, TikTok, and Instagram.

Media contacts:

Stephen Gawlik - Stephen.Gawlik@empower.com

Mandy Cassano - Mandy.Cassano@empower.com