RBC Dain Rauscher Adds fi360’s IPS Generator Tool to Offering

RBC Dain Rauscher has added fi360’s Investment Policy Statement (IPS) Generator as a tool for its financial consultants.

The new partnership is designed to expand RBC Dain’s reach and services in the institutional investing market, according to a press release. In addition to the IPS Generator, fi360 is providing the group complimentary access to its “Gold Toolkit’ of Web-based analytical, reporting, and assessment applications for six months, with a discount for those who wish to subscribe beyond the trial period.

The IPS Generator is an easy-to-use, Web-based application that creates custom investment policy statements for various client types, including committee- or participant-directed retirement plans, foundations and endowments, personal trusts, or individual investors, the announcement said.

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Fi360’s Gold Toolkit of Web-based applications includes the fi360 Fiduciary Score rating system of mutual funds and ETFs, due diligence breakdown, monitoring reports, asset allocation optimizer, and more. A Silver Toolkit is also available with a new Platinum level planned for release in December.

For more information, visit www.rbcdain.com.

NFP Securities Appoints President and COO

Daniel Young has been appointed President and Chief Operating Officer of NFP Securities, Inc. (NFPSI), the broker-dealer of National Financial Partners Corp. (NFP), a national network of independent financial advisers.

Young will be responsible for the day-to-day management of NFPSI, relationships with NFP owned and member firm producers, as well as the marketing activities and operations of NFPSI, the company announced. He will report to Jeff Montgomery, CEO of NFPSI and EVP and COO of NFP Insurance Services, Inc.

Previously, Young was President and Chief Executive Officer of NYLIFE Securities, New York Life’s broker-dealer subsidiary, and Eagle Strategies, New York Life’s registered investment adviser

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NFP is headquartered in New York and operates a distribution network of over 180 firms that specialize in life insurance and wealth transfer, corporate and executive benefits, and financial planning and investment advisory services. More information is available at www.nfp.com.

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