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.

 

 

Reported by

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.”

 

Deals & People June 6, 2012

MassMutual Adds Sales Director to Retirement Services Division

Marina Narganes joined MassMutual’s retirement services division as a sales director.
Reported by

Narganes will work with Jason Carlough on under-$10 million retirement plans in the New York City area.

Before joining MassMutual, Narganes was regional vice president for John Hancock Life Insurance Company for seven years. She holds her NASD Series 6, 63 and NY Life Insurance licenses, and reports to Shefali Desai, emerging market sales manager for MassMutual’s Retirement Service division.

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