Deals & People April 5, 2011

United Retirement Plan Consultants Set to Expand

A newly privatized third-party administrator (TPA) has completed the implementation of a technology platform and administrative business model in its nation-wide network.   
Reported by

United Retirement Plan Consultants was formed earlier this year when Stonehenge Partners acquired National Investment Managers (see “National Investment Managers Sold to Stonehenge”).  As a combined entity, United Retirement administers approximately 10,000 retirement plans with $11 billion in assets through its 18 local affiliates in 15 states.

John M. Davis has been named President and Chief Executive Officer and has built a management team based in Dublin, Ohio.

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“We now have a team of 340 networked associates across the United States, who deliver client services on a local level, but are supported by the expertise and services offered by our national network of pension professionals through our state of the art platform and tools,” Davis said.

United Retirement is planning to add sales consultants across the country.

“Our goal is to extend our distribution reach and help more plan sponsors create a tax efficient retirement plan benefit for themselves and their employees. There is much more to designing and implementing a retirement solution than implementing a 401(k) plan,” Davis added.

The Markets April 5, 2011

February Sees Strong Equity Inflows

Stock and bond fund inflows were $31.9 billion, while equities posted net inflows of $17.7 billion, according to Financial Research Corporation (FRC) data. 
Reported by

FRC said corporate objectives brought in $11.8 billion, International/Global Equity saw $5.2 billion in inflows and International/Global Fixed Income were $3 billion in February.

Fidelity Series Investment Grade Bond attracted $1.7 billion to lead the fund sales chart in February. SPDR S&P Energy State Street Global Advisors took in $ 1.6 billion and Templeton Global Bond Franklin Templeton Investment added $1.4 billion.

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By Morningstar categories, leading the way in February was Natural Resources with $7 billion, Bank Loan $4.6 billion, and High Yield Bond $3.7 billion.

By fund family judging by assets, Vanguard Group finished February with $1.4 trillion, American Funds with $998 billion and Fidelity (combined) with $921 billion.

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