As upcoming changes to the DOL Conflict of Interest Rule remain unknown, Aspire Financial Services is partnering with 1st Global to provide retirement solutions for forward-looking companies.
The partnership is said to offer fee-based SIMPLE, SEP and ERISA 403(b) retirement solutions on Aspire’s advisory platform. The idea behind the collaboration comes as firms are moving to level-compensation fee models and incorporating open architecture platforms offering access to non-proprietary, low-cost investment options—in response to uncertain elements surrounding the Department of Labor (DOL) Conflict of Interest Rule.
“New trends and changes to industry regulations have provided 1st Global and our affiliate financial advisers a unique opportunity to proactively engage their clients on a deeper level,” says Holly Peritz, 1st Global’s assistant vice president of wealth platforms. “We want to equip our advisers with an abundance of strategies that are compliant with the fiduciary rule and empower them to serve more retirement clients.”