401(k) Advisors became a subsidiary of National Financial Partners Corp. (NFP) in 2006, according to NFP leadership. The creation of the new NFP Retirement brand is part of a broader NFP initiative to bring all the resources, experience and expertise within its retirement plan services units directly to plan sponsors and participants, the firm says.
NFP Retirement provides consulting services for retirement plan sponsors utilizing proprietary technology and systems for investment due diligence, provider benchmarking, plan design and fiduciary education. The retirement plan services are delivered through a team of consultants located across the country, NFP explains.
NFP retirement operates under the guidance of founder Vince Giovinazzo and President Nick Della Vedova. The firm consults on over 700 plans with more than $30 billion in assets under advisement, as of June 30, 2014.
“Nick and Vince have solidified a well-respected industry reputation for 401(k) Advisors, which will continue as NFP Retirement, while also taking advantage of the NFP brand and resources to aggressively bring their services to an even larger audience,” notes Ed O’Malley, president of the NFP Corporate Client Group. “We’re excited about the significant opportunity NFP Retirement has to capitalize on the need for retirement plan solutions and advice that can help maximize positive retirement plan outcomes.”
“Our team has had a longstanding relationship with NFP, and the 401(k) Advisors name has only partially reflected our retirement plan expertise and the resources available to us,” Della Vedova and Giovinazzo note in a joint statement. “NFP is a broadly diversified financial services firm whose leadership shares our commitment to excellence and innovation within the changing retirement plan landscape.”
For more information, visit www.nfp.com.