- Retirement Research Center
Don Stone is the Director of DC Strategy and Product Development and a Senior Consultant at Pavilion Advisory Group, Inc. With 30 years of industry experience, Mr. Stone leads Pavilion’s defined contribution strategy which involves developing and delivering world class institutional investment solutions to the firm’s clients. In this capacity Mr. Stone is responsible for plan governance consulting, income replacement and managed account solutions in plans. He also manages some of the firm’s large, complex clients. Prior to PSA, Mr. Stone managed the U.S. investment advisory business for a European bank and insurance company. He also ran the institutional trust business, including all retirement plans, for a major regional bank.
As a recognized industry leader, Mr. Stone has consulted with numerous major financial services firms on retirement plan design and disclosure issues. He spearheaded an early effort for open investment architecture when proprietary funds were still the norm and raised the issue of fee disclosure in 1996 when Mr. Stone was featured on the cover of Pension Management for the title article: “How Much Does Your 401(k) Really Cost?”. He has created numerous retirement and investment products, including a family of mutual funds, commingled funds, and one of the first lifestyle portfolios. Mr. Stone is an informed spokesperson on retirement plan issues, has served as an expert witness in a broad range of investment and fiduciary litigation. He is frequently quoted in publications such as Bloomberg, The Wall Street Journal, Treasury & Risk, Workforce Management and Pensions & Investments. Over the decades, he has written and spoken on a broad range of industry topics, most recently speaking at Pensions & Investments’ annual “401(k) Investment Lineup Summit” focused on ensuring that plan participants reach their retirement goals.
Mr. Stone received a bachelor’s degree from the University of South Carolina and a master’s degree from San Diego State University. He completed postgraduate studies at Case Western Reserve University and attended the AIMSE Investment Institute at The Wharton School of Business. He currently serves on the Executive Committee of the Defined Contribution Institutional Investment Association (DCIIA), an industry advocate for better participant outcomes.