Deals & People January 6, 2015

Snowden Lane Joins Pension Resource Institute

The Pension Resource Institute announced plans to collaborate with and support retirement plan-focused advisers within its newest member organization, Snowden Lane Partners.
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The Pension Resource Institute (PRI) delivers support solutions to broker/dealers and investment advisers. The group says it has added Snowden Capital Advisers, doing business as Snowden Lane Partners and Snowden Account Services, as its newest member firm. 

Snowden Lane Partners is a New York-based investment adviser providing investment and advisory solutions to a variety of clients. Snowden Account Services is its affiliated broker/dealer. PRI says it will deliver compliance consulting, training, and technology-based resources to facilitate sustainable growth for Snowden Lane’s retirement plan-focused advisers.

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According to PRI, Snowden Lane joins over 40 firms already subscribing to the RetirementAdvantage program, pushing the total number of advisers supported by PRI services above 40,000.

“The retirement regulatory landscape has shifted dramatically in recent years—presenting challenges to both advisers and their plan sponsor clients,” says Jason C. Roberts, an ERISA attorney and chief executive of PRI. “These challenges can create opportunities to differentiate by serving clients more holistically, but you have to understand the rules and have the resources to support and supervise more expansive retirement plan services. By providing ongoing support to both home office personnel and advisers, the partnership with PRI will allow Snowden Lane to grow its retirement plan business in a profitable and sustainable manner.”

Deals & People January 6, 2015

PSCA Appoints Executive Director

Nonprofit trade association PSCA has named Tony Verheyen as executive director, following the resignation of Bob Benish.
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Bob Benish has resigned as executive director of the Plan Sponsor Council of America (PSCA), a non-profit trade association supporting employer-sponsored retirement plans, the organization said in a statement.

Tony Verheyen, a member of PSCA’s board of directors and the executive committee, has been named executive director.

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“We recognize Bob for his five years of stewardship of PSCA,” Steve McCaffrey, chairman of PSCA’s board of directors, said in a statement. “His contributions have been appreciated and we wish him well.”

McCaffrey called the appointment of Verheyen the first of several steps PSCA is taking to build a new leadership team by and for its members. The association’s plans call for rejuvenated member outreach, member training programs, and expanded focus into topics outside defined contribution retirement plans, such as health savings accounts, and nonqualified deferred compensation plans.

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