Deals & People February 10, 2012

Envestnet to Acquire Prima Capital

 

Envestnet Inc., a provider of wealth-management solutions for financial advisers, is acquiring Prima Capital Holding Inc.  

 

Reported by

Prima’s clientele includes regional broker/dealers, trust companies, independent registered investment advisers (RIAs), family offices and seven of the top 20 U.S. banks by total assets.

The acquisition of Prima enables Envestnet to deliver more research-based solutions to financial advisers and enhance its due diligence process.

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Envestnet is acquiring Prima for $13.75 million in cash, subject to certain post-closing adjustments. The acquisition is expected to be complete by April 15, 2012.

 

Products February 9, 2012

Adviser Produces 401(k) Planning Podcast

Financial advisory firm Guardian Capital Advisors, LLC, released a podcast about 401(k) planning for companies.
Reported by

In the podcast, adviser Mike Hensley reviews the basic guidelines for businesses when they offer 401(k) retirement plans to employees; guidelines for how much an employer should contribute to an employee’s plan; how an adviser can help employers plan proactively; and Hensley’s process for 401(k) plans.

“Saving for retirement under a 401(k) plan can be easy and convenient for employees, but some employers worry it will be a complex system to manage and follow,” Hensley said.

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Guardian Capital Advisors, LLC, provides advisory services to both individuals and businesses, including retirement plan services.

The podcast is available for download at http://bit.ly/t4T0uG.

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