Former Fidelity Exec Joins BrightScope’s Advisory Board

Independent 401(k) research and rating firm BrightScope is adding a former Fidelity Investments executive to its advisory board. David Scott, who was Fidelity Investments' president of Workplace Investing until 2010, "will serve in an ongoing capacity as an Advisor to the company and its executives." Scott was president of U.S. Retirement Services at Scudder Investments for Deutsche Bank, before he joined Fidelity Investments in 2003.

"Scott David's extraordinarily successful career has made him one of the most respected names in financial services today," said BrightScope CEO and coâ€founder Mike Alfred. "His addition to BrightScope's Advisory Board will open new doors and help the company further extend its leadership position within the industry."

"The financial turmoil this country has seen over the past few years has brought a renewed interest in the importance of saving and planning for retirement," David said in the announcement on Wednesday. "BrightScope has already established itself as the leader in 401k plan ratings and investment research and I'm excited to work with the company going forward to create innovative financial tools and products that will improve the financial security of American workers," he added.