Lincoln Financial Appoints Todd Lacey as SVP, Head of Institutional Sales for Retirement Plan Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Should l Buy LNC?
Lincoln Financial announced the appointment of Todd Lacey as Senior Vice President, SVP, Head of Institutional Sales for Retirement Plan Services. In this role, Lacey will lead Lincoln's institutional sales organization for its retirement business, with a focus on deepening consultant relationships and supporting long-term growth. Lacey joins Lincoln from Financial Finesse, where he most recently served as President of the independent financial wellness firm.
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Analyst Views on LNC
Wall Street analysts forecast LNC stock price to rise
9 Analyst Rating
3 Buy
5 Hold
1 Sell
Hold
Current: 34.180
Low
41.00
Averages
47.56
High
59.00
Current: 34.180
Low
41.00
Averages
47.56
High
59.00
About LNC
Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. Its segments include Annuities, Life Insurance, Group Protection and Retirement Plan Services. The Annuities segment provides tax-deferred investment growth and lifetime income opportunities for its clients by offering variable annuities, fixed annuities and indexed variable annuities. The Life Insurance segment provides life insurance products, including term insurance, indexed universal life insurance (IUL) and variable universal life insurance (VUL) products, linked-benefit products, and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products and services, including short- and long-term disability, statutory disability and paid family medical leave administration. The Company’s Retirement Plan Services segment provides employers with retirement plan products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Retirement Investor Protection Rule Struck Down Again
- Rule Repeal Impact: The U.S. court has struck down the fiduciary rule aimed at enhancing retirement investor protections for the second time, which may lead to retirement investors receiving investment advice that does not serve their best interests, thereby increasing market confusion and uncertainty.
- Historical Repetition: This event mirrors the previous repeal of a similar rule during the Obama administration, highlighting the financial industry's resistance to regulatory measures through legal challenges, potentially exposing investors to lower protection standards.
- Investment Decision Risks: Recent data shows that approximately 6 million individuals rolled nearly $700 billion into IRAs in 2022, and the absence of fiduciary rules may diminish the quality of advice surrounding these significant financial decisions, increasing risks for investors.
- Industry Reaction: The insurance industry welcomed this ruling as a victory for consumers, arguing that the Biden-era rule exceeded the Department's authority, indicating that future investors must be more cautious in selecting advisors to ensure they receive transparent and interest-aligned advice.
See More
Lincoln Financial Recognized at ILTCI for Long-Term Care Leadership
- Industry Recognition: Lincoln Financial was honored at the 2026 Intercompany Long-Term Care Insurance Conference for its leadership and innovation in the hybrid life/long-term care insurance market, reinforcing its role as a trusted industry leader.
- Product Innovation: For over 35 years, Lincoln has invested in product design and flexibility, with its hybrid life/long-term care solutions (universal and variable universal life insurance policies with long-term care riders) addressing the evolving needs of consumers and financial professionals, aiding families in planning for future care needs.
- Education and Support: Through Lincoln Financial Distribution, celebrating its 25th anniversary, the company has pioneered a distribution model that enables financial professionals to confidently engage in long-term care planning, thereby expanding access to these solutions across the industry.
- Customer Trust: As of December 31, 2025, Lincoln Financial serves approximately 17 million customers across four core businesses—annuities, life insurance, group protection, and retirement plan services—with $349 billion in end-of-period account balances, showcasing its strength in helping clients plan for a successful financial future.
See More
Lincoln Financial Appoints Todd Lacey as SVP for Retirement Plan Services
- Executive Appointment: Lincoln Financial Group has appointed Todd Lacey as Senior Vice President for Retirement Plan Services, tasked with leading the institutional sales team to deepen consultant relationships and support long-term growth.
- Extensive Experience: Lacey brings over 25 years of retirement industry experience, having served as President at Financial Finesse, where he was responsible for firm operations and strategic growth, showcasing strong business development skills.
- Strategic Execution: Jason Crane, a senior executive at Lincoln, stated that Lacey's leadership and industry expertise will significantly support the company's strategic execution in the retirement market, enhancing its competitive position.
- Customer Trust: As of December 31, 2025, Lincoln Financial serves approximately 17 million customers with account balances totaling $349 billion, underscoring its strong market presence in retirement services.
See More
Lincoln National Pursues Reinsurance Deal to Offload Reserves
- Reinsurance Transaction Plan: Lincoln National is pursuing a reinsurance transaction that could offload approximately $5 billion in life insurance reserves from its balance sheet, aiming to enhance the free cash flow profile of its life insurance business.
- Policy Types: The transaction may involve universal life policies with secondary guarantees, which prevent coverage from lapsing under certain conditions, thereby reducing the company's risk exposure despite potential value fluctuations.
- Market Reaction: Lincoln National's stock rose 0.6% in midday trading, reflecting a positive market response to its strategies for improving cash flow and risk management, indicating investor confidence in the company's future prospects.
- Strategic Flexibility: In a statement, Lincoln National emphasized its openness to exploring risk transfer options but clarified that it is not committed to any specific transaction, demonstrating the company's strategic flexibility in navigating market changes.
See More
Lincoln Financial Launches New Fixed Indexed Annuities
- Product Innovation: Lincoln Financial has launched two new fixed indexed annuities, Lincoln FlexAdvantage®Income and Lincoln OptiBlend®Income, designed to provide consumers with guaranteed lifetime income and growth, addressing retirement financial needs.
- Market Demand Response: Research indicates that 92% of Americans are concerned about insufficient retirement income; these new products help consumers mitigate concerns about market volatility and principal protection by offering 100% downside protection and innovative legacy planning options.
- Income Guarantee Mechanism: The new annuity products feature the built-in Lincoln ProtectedPay®Select income benefit, allowing consumers to convert a portion of their retirement savings into guaranteed lifetime income that never decreases, thereby enhancing financial security for clients.
- Digital Tool Enhancement: Lincoln Financial has also introduced an FIA income calculator to assist financial professionals and clients in modeling customized income scenarios, generating real-time account snapshots to simplify annuity discussions and improve customer experience.
See More
Miller Value Partners Fully Exits Buckle Stake
- Stake Change: Miller Value Partners sold all 72,000 shares of Buckle in Q4 2025, totaling approximately $4.22 million, indicating a cautious stance on the retailer's future growth potential.
- Financial Performance: As of February 13, 2026, Buckle's stock was priced at $53.45, with a one-year return of about 36.8%, outperforming the S&P 500, yet overall growth remains sluggish, raising concerns about its future profitability.
- Investment Strategy: The exit by Miller suggests that despite Buckle's P/E ratio of 13 not indicating overvaluation, its low single-digit net income growth and a projected 0.15% growth in fiscal 2027 may prompt investors to seek higher-return alternatives.
- Market Positioning: Buckle targets young consumers with casual apparel and accessories, operating over 400 retail locations and a robust e-commerce platform, but faces challenges of slowing growth that could impact its future investment appeal.
See More
Retirement Investor Protection Rule Struck Down Again
- Rule Repeal Impact: The U.S. court has struck down the fiduciary rule aimed at enhancing retirement investor protections for the second time, which may lead to retirement investors receiving investment advice that does not serve their best interests, thereby increasing market confusion and uncertainty.
- Historical Repetition: This event mirrors the previous repeal of a similar rule during the Obama administration, highlighting the financial industry's resistance to regulatory measures through legal challenges, potentially exposing investors to lower protection standards.
- Investment Decision Risks: Recent data shows that approximately 6 million individuals rolled nearly $700 billion into IRAs in 2022, and the absence of fiduciary rules may diminish the quality of advice surrounding these significant financial decisions, increasing risks for investors.
- Industry Reaction: The insurance industry welcomed this ruling as a victory for consumers, arguing that the Biden-era rule exceeded the Department's authority, indicating that future investors must be more cautious in selecting advisors to ensure they receive transparent and interest-aligned advice.
See More
Lincoln Financial Recognized at ILTCI for Long-Term Care Leadership
- Industry Recognition: Lincoln Financial was honored at the 2026 Intercompany Long-Term Care Insurance Conference for its leadership and innovation in the hybrid life/long-term care insurance market, reinforcing its role as a trusted industry leader.
- Product Innovation: For over 35 years, Lincoln has invested in product design and flexibility, with its hybrid life/long-term care solutions (universal and variable universal life insurance policies with long-term care riders) addressing the evolving needs of consumers and financial professionals, aiding families in planning for future care needs.
- Education and Support: Through Lincoln Financial Distribution, celebrating its 25th anniversary, the company has pioneered a distribution model that enables financial professionals to confidently engage in long-term care planning, thereby expanding access to these solutions across the industry.
- Customer Trust: As of December 31, 2025, Lincoln Financial serves approximately 17 million customers across four core businesses—annuities, life insurance, group protection, and retirement plan services—with $349 billion in end-of-period account balances, showcasing its strength in helping clients plan for a successful financial future.
See More
Lincoln Financial Appoints Todd Lacey as SVP for Retirement Plan Services
- Executive Appointment: Lincoln Financial Group has appointed Todd Lacey as Senior Vice President for Retirement Plan Services, tasked with leading the institutional sales team to deepen consultant relationships and support long-term growth.
- Extensive Experience: Lacey brings over 25 years of retirement industry experience, having served as President at Financial Finesse, where he was responsible for firm operations and strategic growth, showcasing strong business development skills.
- Strategic Execution: Jason Crane, a senior executive at Lincoln, stated that Lacey's leadership and industry expertise will significantly support the company's strategic execution in the retirement market, enhancing its competitive position.
- Customer Trust: As of December 31, 2025, Lincoln Financial serves approximately 17 million customers with account balances totaling $349 billion, underscoring its strong market presence in retirement services.
See More
Lincoln National Pursues Reinsurance Deal to Offload Reserves
- Reinsurance Transaction Plan: Lincoln National is pursuing a reinsurance transaction that could offload approximately $5 billion in life insurance reserves from its balance sheet, aiming to enhance the free cash flow profile of its life insurance business.
- Policy Types: The transaction may involve universal life policies with secondary guarantees, which prevent coverage from lapsing under certain conditions, thereby reducing the company's risk exposure despite potential value fluctuations.
- Market Reaction: Lincoln National's stock rose 0.6% in midday trading, reflecting a positive market response to its strategies for improving cash flow and risk management, indicating investor confidence in the company's future prospects.
- Strategic Flexibility: In a statement, Lincoln National emphasized its openness to exploring risk transfer options but clarified that it is not committed to any specific transaction, demonstrating the company's strategic flexibility in navigating market changes.
See More
Lincoln Financial Launches New Fixed Indexed Annuities
- Product Innovation: Lincoln Financial has launched two new fixed indexed annuities, Lincoln FlexAdvantage®Income and Lincoln OptiBlend®Income, designed to provide consumers with guaranteed lifetime income and growth, addressing retirement financial needs.
- Market Demand Response: Research indicates that 92% of Americans are concerned about insufficient retirement income; these new products help consumers mitigate concerns about market volatility and principal protection by offering 100% downside protection and innovative legacy planning options.
- Income Guarantee Mechanism: The new annuity products feature the built-in Lincoln ProtectedPay®Select income benefit, allowing consumers to convert a portion of their retirement savings into guaranteed lifetime income that never decreases, thereby enhancing financial security for clients.
- Digital Tool Enhancement: Lincoln Financial has also introduced an FIA income calculator to assist financial professionals and clients in modeling customized income scenarios, generating real-time account snapshots to simplify annuity discussions and improve customer experience.
See More
Miller Value Partners Fully Exits Buckle Stake
- Stake Change: Miller Value Partners sold all 72,000 shares of Buckle in Q4 2025, totaling approximately $4.22 million, indicating a cautious stance on the retailer's future growth potential.
- Financial Performance: As of February 13, 2026, Buckle's stock was priced at $53.45, with a one-year return of about 36.8%, outperforming the S&P 500, yet overall growth remains sluggish, raising concerns about its future profitability.
- Investment Strategy: The exit by Miller suggests that despite Buckle's P/E ratio of 13 not indicating overvaluation, its low single-digit net income growth and a projected 0.15% growth in fiscal 2027 may prompt investors to seek higher-return alternatives.
- Market Positioning: Buckle targets young consumers with casual apparel and accessories, operating over 400 retail locations and a robust e-commerce platform, but faces challenges of slowing growth that could impact its future investment appeal.
See More
