Deals & People February 6, 2008

NRP Completes Acquisition of Four Firms

National Retirement Partners, Inc. (NRP) has closed on the acquisition of four advisory groups, thus completing their latest round of the firm’s acquisition strategy.
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The new acquired firms and their principals are:

Corporate Advisor Group, principal Chip Morton, in Destin, Florida
Alford-Jungers Financial & Insurance Services Inc, principals Darrell Alford and Lisa Jungers, in San Diego, California
Inter-Mountain Retirement Partners, principal Chad Larsen, in Denver, Colorado (Larsen was the 2007 PLANSPONSOR Retirement Plan Adviser of the Year)
Chepenik Financial, principals Barney Chepenik and Jason Chepenik, in Orlando, Florida

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Some of these firms announced their intention last year (See National Retirement Partners Announces Acquisitions).

In addition to the affiliation of over 86 advisory firms with 107 offices in 36 states, NRP, one of the nation’s largest networks of independent retirement plan focused advisers, has now completed the acquisition of 12 firms and is scheduled to close an additional 6 firms in the first quarter of 2008.

For more information about NRP, please visit www.n-r-p.com.

Products February 6, 2008

Mesirow to Customize Diversified’s Target-Date Funds

Mesirow Financial Investment Strategies is working with Diversified Investment Advisors to customize and manage target maturity portfolios for Diversified's plan sponsor clients.
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The portfolios are available as an alternative investment solution that can be integrated into Diversified’s PortfolioXpress service and also fulfill Qualified Default Investment Alternative (QDIA) requirements for plan sponsors. Mesirow Financial customizes the target maturity portfolios using funds in a given plan lineup.

Mesirow Financial serves as investment manager to the portfolios, fulfilling the QDIA requirement and lessening the need for plan sponsors to carry the additional fiduciary responsibility, a company announcement said.

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“Our target maturity methodology is unique in that it not only takes into account a proper allocation for a targeted retirement date, but it also focuses on the issue of longevity risk, protecting investors from outliving their retirement savings,” said Michael Annin, managing director of Mesirow Financial Investment Strategies, in the release.

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