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"[People] don’t expect retirement to begin with social security and sit on the back deck in a lounge chair for the rest of their lives. This group really wants to remain active."

Jeff Cimini, head of personal retirement at Merrill Lynch

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Northern Trust has hired Brian Heilman as a senior portfolio manager in the competitive Washington DC market.

Heilman was most recently a senior portfolio manager at US Trust, Bank of America Private Wealth Management, as well as its predecessor firm in the DC area. In his earlier career he has also served in the Los Angeles, CA and Tokyo offices of Bank of America.

At Northern Trust Heilman reports to Joanne Stringer, managing director of the Washington DC office, which the firm opened last year.

“Since we opened our office in October, we’ve continued to expand and build relationships with clients and the community. Adding another seasoned investment professional will strengthen our growing client service team,” said Stringer.

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