Executive Team

Ed Forst

Ed Forst, CFP®

President and Chief Executive Officer

Ed Forst is a CERTIFIED FINANCIAL PLANNER™ certificant and has been dedicated to helping individuals with all aspects of financial planning since 1980. As president and chief executive officer of the Lincoln Investment Companies, Ed oversees the activities of over 1,100 licensed advisors and more than 450 full-time operations and support personnel.

The Lincoln Investment Companies include a full-service broker-dealer and registered investment advisers serving the diverse and changing financial needs of more than 364,000 individual investors, representing over $36.0 billion in assets. For 50 years, Lincoln Investment has been committed to helping individuals and families achieve long-term financial well-being through the expert guidance of independent financial professionals.

Steven Flax

Steven Flax, MBA, SPHR

Sr. Vice President
Human Resources

Steve began working at Lincoln Investment in 2008. As senior vice president, Human Resources, Steve is responsible for all human resources functions, including employment, employee relations, welfare programs and organizational development. Steve has more than 25 years of human resources management experience in financial services and high-tech manufacturing industries for companies such as AEGON/Transamerica and SmithKline-Beckman. Steve is active in the Society for Human Resources Management, and has been a finalist for Delaware Valley HR Person of the Year.

Denis Houser

Denis Houser

Sr. Vice President
Business Development for Capital Analysts

Denis brings 25 years of experience in the financial services industry to his role as senior vice president, Business Development for Capital Analysts. He has served in various executive-level, consulting, business development and investment management roles. He has driven growth in numerous start-up companies in the advisory services sector. Working with new venture firms as well as large companies, Denis has established new organizations and the processes to support them. His employers have included investment managers, technology providers and distribution organizations. Denis graduated from the Wharton School of the University of Pennsylvania with a BSE in finance.

Deirdre B. Koerick

Deirdre B. Koerick

Sr. Vice President
Chief Compliance Officer

Deirdre is senior vice president, chief compliance officer for the Lincoln Investment Companies, and is responsible for the firm-wide compliance of its two subsidiaries, Lincoln Investment, a registered broker/dealer and registered investment adviser, and Capital Analysts, a registered investment adviser. She has more than 30 years of experience in the securities compliance business with work experience spanning the regulatory side of the industry as well as the B/D and RIA side. During her career, she was senior examiner at the Philadelphia Stock Exchange; assistant vice president at Janney Montgomery Scott, Inc. and vice president and director at Capital Analysts Incorporated. She operated her own independent compliance consulting firm for seven years prior to joining Lincoln Investment in 1998.

Deirdre holds FINRA Series 27, 24 and 7 Registrations. She has an MBA from Temple University and a bachelor's degree from The Pennsylvania State University. She has been a speaker at industry national conferences on matters relating to compliance and she was also former chairman of the Insurance Affiliated Broker/Dealer Forum, a compliance officers networking group.

Diane McCarthy

Diane M. McCarthy

Chief Financial Officer

As the chief financial officer for the Lincoln Investment Companies, Diane brings more than 25 years of broad financial, strategic and management experience to her role. Before joining Lincoln Investment in 2018, Diane spent time as the senior vice president, CFO Insurance Solutions at Voya where she led the finance function for the Individual Life and Employee Benefits business lines. Diane also worked at Lincoln Financial as the Retirement Solutions head of Strategy and Profitability management. She was also the CFO and chief administrative officer for Lincoln Financial Distributors where she directed all financial reporting and planning functions, incentive compensation programs and distribution technology development. Diane is a graduate of LaSalle University with a B.S. in accounting. She holds a FINRA Series 27 (Financial and Operations Principal) registration.

John D. Schu

John D. Schu, CFP®, AIF®, CLTC, TGPC

Sr. Vice President
Branch Development

As senior vice president, Branch Development, John provides business planning, growth strategies, support and administration for the new branch offices he develops. John sets revenue and sales targets for the entire company and works with the executive team on company management, product development, sales and marketing activities and provides branch administrative policies and procedures. He is responsible for the management of the seven company agency branch offices, supervises Lincoln Investment's recruiting activities and supports the business development and management for Lincoln Investment's independent agency branches. John joined Lincoln Investment in 1982 as a financial advisor and served as Regional Manager in New Jersey for 10 years before becoming an executive with the company. A veteran of the U.S. Marine Corps, John is a CERTIFIED FINANCIAL PLANNER™ certificant, has earned the designation of Tax-Exempt and Governmental Plan Consultant (TGPC) and has earned certification in Long-Term Care (CLTC).

Raymond Shivers

Raymond P. Shivers III

Chief Operating Officer
Technology and Operations

Ray began working with Lincoln Investment in 2018. As chief operating officer, Technology and Operations, he is responsible for defining and executing the organizations’ strategic vision. The Operations and Technology functions are responsible for the facilitation and management of daily operations, technology advancement and support, data and analytics, while providing superior service to our clients. Ray has more than 18 years of broad financial and management experience, most recently with BlackRock, where he served as COO, Global Investment Operations and the Global Head of Securities Lending Operations. Ray earned his MBA in Finance from the Philadelphia University and his bachelor’s degree in Economics from Dickinson College.