Financial Research Corp. has hired Matthew J. Schott as vice president, retirement income practice leader.

A 20-year veteran of the financial services industry, Scott was previously vice president of program design at Placemark Investments, research director of brokerage and wealth management at Tower Group and vice president of product and service implementation at Fidelity Investments Life Insurance.

“Matt is an experienced financial services professional who has deep expertise in retirement income and the broad array of issues that affect the design, development and marketing of products and services in that area,” said FRC Chairman Bob Hedges.

“Clearly, Matt will bring great expertise to our firm and to our clients,” Hedges continued. “He has conducted extensive research on retirement income offerings across different industry providers—mutual funds, income annuities and managed accounts—and worked with the RIA, broker-dealer and insurance channels.”

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