Deals & People June 6, 2012

Lincoln Financial Names National Sales Manager

Lincoln Financial Distributors promoted Andrew DeLoreto to national sales manager.
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DeLoreto will lead all distribution efforts for Lincoln’s insurance solutions line in the new financial institutions channel. He will assist advisers with taxation strategies, retirement planning, wealth protection and wealth transfer.

DeLoreto has more than 24 years of experience in financial services and sales. He joined Lincoln in 1998, and has been divisional sales manager, regional marketing director and sales vice president. Previously, he served in a range of senior sales positions at CIGNA Corporation, including director of national accounts, assistant director of sales support, senior marketing analyst and life claims examiner.

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DeLoreto holds an MBA from the University of Hartford and a bachelor’s in business administration from the University of Connecticut.  He is a Chartered Life Underwriter; Chartered Financial Consultant; and holds Life, Health, Variable, Property and Casualty licenses, as well as FINRA Series 6, 26, and 63 licenses.

Deals & People June 6, 2012

Sigma Planning Teams with InterServ for ERISA Services

 

Sigma Planning Corp. (SPC) announced a strategic alliance Tuesday in which InterServ LLC will provide Employee Retirement Income Security Act (ERISA) investment advisory services.

 

 

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SPC has engaged InterServ LLC—a subsidiary of DailyAccess Corp.— to provide ERISA 3(21) and ERISA 3(38) investment advisory services to the firm as well as the representatives of both broker/dealers for their qualified plan clients. SPC is a sister company of Sigma Financial Corporation and Sammons Securities Co. LLC, and is the registered investment adviser (RIA) for Sigma and Sammons.

“This new arrangement enhances the distribution of our services platform and produces a larger footprint in the industry,” said Paul Tyborowski, managing director of InterServ. “We believe the outsourcing of investment advisory services to InterServ will strengthen their RIA and the competitiveness of their broker/dealer network in the qualified plan market.”

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Brent McCormick, case planner for Sigma Financial, said: “We believe that the addition of InterServ’s services through SPC will help Sigma and Sammons representatives meet the needs of qualified plan clients.”

 

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