Blue Prairie Group Adds Office Leader

Carmela Elco joined the Chicago-based institutional retirement and investment consulting firm Blue Prairie Group as an affiliated retirement consultant and office leader.

Elco will lead the Philadelphia office of Blue Prairie Group (BPG) and will maintain an independent business model. She says she hopes the affiliation with BPG will provide her clients with better access to retirement-related tools and resources while giving her more time to focus on delivering strong consulting services and winning new business.  

Elco has worked as a retirement consultant for nearly 15 years. Before joining BPG she was president of Resources for Retirement, where she managed and consulted with retirement plans at public, private and nonprofit organizations. She has testified before the U.S. Department of Labor’s Employee Retirement Income Security Act (ERISA) Advisory Council on the subject of how plan sponsors evaluate target-date funds.

Ty Parrish, BPG’s managing partner, says the firm hopes to add another 15 or 20 retirement-focused advisory firms to its affiliate network over the next few years. He says the affiliation model will be attractive to independent advisers and firms looking to gain scale and become more efficient.

Elco is a graduate of the University of Pittsburgh and holds a master’s degree in human resources management from St. Francis University. She holds FINRA 6, 63, 65, 7 and 24 licenses and has earned the Pennsylvania health insurance representative registration. She has also obtained the accredited investment fiduciary (AIF) designation from the Center for Fiduciary Studies.

Elco is recognized as a top performer in the 2014 PLANADVISER Top 100 Retirement Plan Advisers rankings in two categories, including individuals with $1.21 billion to $2 billion in assets under advisement.

For more information contact Ty Parrish at 312-376-8440 or go to