Products May 15, 2012

LPL Unveils Rollover Program

 

LPL Financial launched the Rollover Results Program, a platform for retirement plan advisers, plan sponsors and plan participants.

 

 

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The Rollover Results Program introduces the Retirement Results Desk, a dedicated specialist group to educate plan participants, expedite rollovers and help advisers focused on retirement plans to expand their businesses by serving more of their sponsor clients’ separating employees. 

The Retirement Results Desk helps separating employees understand and think through options for their 401(k) balances. When employees decide to begin a rollover, the program can open IRA accounts, assist with retirement account transfers, provide information on the rollover process and address the concerns of separating employees.

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“Employers and employees gain more visibility into their retirement options, both in-plan and once they leave the plan,” said Bill Chetney, executive vice president of LPL Financial Retirement Partners. “The program also helps our advisers build their businesses by putting them in control of new options for serving sponsor clients’ separating employees.”

Plan advisers are given more options to serve separating employees by facilitating partnerships with advisers in the LPL Financial network. Plan advisers enrolled in The Rollover Results Program can request a list of qualified partnership candidates from an adviser-matching database, select a partner and tailor partnership agreements on a client-by-client basis.

The Rollover Results Program provides a suite of tools and resources for advisers to promote the financial wellness and retirement readiness of plan participants. Resources include customizable workshops and online planning modules that LPL Financial advisers can use with plan participants. 

 

Deals & People May 15, 2012

Putnam Appoints New External Wholesalers

 

Putnam Investments named eight additions to its retail distribution team, including the promotion of existing staffers.

 

 

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Daniel Greene joins the firm from Sun Life Financial Distributors and has 10 years of industry experience. He will cover Tennessee and Kentucky.

Chad Kastner, previously at Sun Life Financial Distributors, will cover Minnesota, Iowa and parts of Wisconsin, and North and South Dakota. He has 15 years of experience.

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Joseph McMenamin joins the firm from Hatteras Funds and has 20 years’ industry experience. He will cover Northern and Central New Jersey.

Rachel Moran, with six years’ experience, was previously at Dreyfus Investments and will cover Los Angeles.

David Taylor, previously with Edward Jones Investments, has 17 years’ industry experience and will cover Northern Texas and Louisiana.

Pat Haley was promoted from within Putnam. He has six years of experience and will cover Oregon. Other internal promotions are Paul Hallisey, who has six years of experience and will cover Virginia, and Kyle Lopriore, who has six years of experience and will cover Northern California.

 

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