Products October 23, 2017

Retire Ready Now Creates Personalized Participant Reports for Advisers

All retirement plan advisers need to do is provide plan census data.
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Retire Ready Solutions is now creating personalized participant reports for advisers. Making the service available to current customers of its The Retirement Analysis Kit (TRAK) and other services as well as to those who are not customers, Retire Ready says it produces the reports from plan census data, which the adviser must provide. Retire Ready can return the reports to advisers either electronically or via mail, or send them directly to participants.

The reports show the participant his current contributions and retirement projection, giving him actionable suggestions on how much to increase his contribution and how that increase will affect his take-home pay today.

“Advisers have found these reports to be instrumental in motivating participants” at enrollment and education meetings, says Edward Dressel, president of Retire Ready Solutions. “Many advisers see deferrals increase two to three times, as well as discover additional unmanaged assets that are rolled into the plan.”

Advisers interested in more information about this new service may visit: http://retireready.com/plan-participant-reports/.

Products October 23, 2017

Advisor Group Launches Succession Plan Platform

The new program supports succession-planning-focused mergers and acquisitions across the various firms that make up Advisor Group; the solution also allows members to consider firms outside the group.
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Advisor Group Inc., the network of independent financial advisory firms composed of FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial Inc. and Woodbury Financial Services Inc., has launch My Succession Plan, a program that supports succession-planning-based mergers and acquisitions.

The platform for Advisor Group members also provides “a sophisticated business valuation model coupled with expert consultants to assist independent advisers with this critical aspect of their business planning,” according to Advisor Group.

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As the firms in Advisor Group spell out, the program will enable affiliated financial professionals to identify succession-planning-based acquisition opportunities. Targets can include both other members and non-Advisor Group-affiliated firms who are looking to create or execute a succession strategy. Through a partnership with Truelytics, provider of business intelligence metrics, members of My Succession Plan will be able to “complete a sophisticated, online valuation model and obtain a fair market estimate of the value of their business.”

Beyond these capabilities, the solution provides “advanced digital sorting and filtering capabilities,” Advisor Group says. Further, “members are not charged a closing fee for successful transactions made through My Succession Plan.”

Todd Fulks, Advisor Group senior vice president of succession and acquisition, notes that buyers and sellers of independent practices continue to say “finding the right partner” is among the most difficult aspects of crafting a succession deal. Through the new offering, Advisor Group “aims to address this challenge by leveraging our expertise in succession planning and creating a platform that meets an increasingly important need in our industry,” he says.

Information about how to access and utilize the platform is available at www.MySuccessionPlan.com. 

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