fi360 Acquires IPS Technology

fi360 has acquired IPS AdvisorPro, a cloud-based technology that helps financial advisers develop customized investment policy statements (IPS).

fi360 said this acquisition reinforces its core goal of supporting fiduciaries in successfully managing their roles and responsibilities using sophisticated tools that promote organizational effectiveness and efficiency.

The IPS AdvisorPro technology allows users to develop templates for eight client types, including individuals, trusts, Employee Retirement Income Security Act (ERISA) plans, foundations and endowments, charitable trusts and irrevocable life insurance trusts. The templates are fully customizable and can manage updates globally across all client IPS’s. It also has compliance control features so organizations can specify which language can or cannot be edited on a user-by-user basis.

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“We feel strongly that the implementation and maintenance of a high-quality IPS is critical for effective management of the investment process. The IPS AdvisorPro technology is the most effective solution available for developing custom IPS templates and managing them across clients,” said fi360 CEO Blaine Aikin.

As part of the agreement, IPS AdvisorPro founders Norm Boone and Linda Lubitz Boone will act as consultants to fi360 on an ongoing basis while continuing to lead their respective independent advisory firms.

For more information about fi360, visit www.fi360.com or Twitter: @fi360.

Recordkeeper Partners with United Planners

401(k) recordkeeper and plan administrator PAi has agreed to provide support for United Planners’ advisers.

United Planners is a registered investment adviser and full-service independent broker/dealer. The  strategic partnership will provide United Planners’ advisers with PAi’s retirement tools and solutions.

“We anticipate the partnership will result in immediate success for our advisers,” said Bill Riccio, Assistant Vice President, ERISA Plans for United Planners. “PAi brings an incredible focus on teamwork and customer service while implementing a strategic use of technology.”

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PAi specializes in 401(k) plans for one to 250 employees from start-ups to plans with more than $1 million in assets. It has developed a proprietary system that will soon be including fiduciary alerts that will help advisers reduce the time spent addressing account service issues. For more information, visit www.pai.com.

United Planners is structured as a limited partnership that provides ownership opportunities to its financial advisers. For more information, visit www.joinunitedplanners.com.

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