Deals & People February 7, 2008

Newport Creates New Position to Work with Strategic Alliances

The Newport Group has appointed Vanessa Watkins, the firm’s Director of Retirement Plan Services, to the newly created position of Vice President of Strategic Alliances.
Reported by

In this role, Watkins will collaborate with Newport’s alliances – which include formal marketing relationships with a dozen national financial firms, and retirement and investment advisory services to more than 100 others.

As Vice President of Strategic Alliances, Watkins will work with these firms at the corporate level to support their marketing strategies through targeted sales campaigns, product rollouts, and new technology development, according to the company.

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“By establishing an executive-level position to manage these relationships, Newport will be even better able to help these firms compete and promote their brands in a dynamic marketplace,’ Newport’s Chief Marketing Officer Tom Pittman said in an announcement.

The Newport Group is a national provider of retirement plans and investment advisory services.

Deals & People February 6, 2008

NRP Completes Acquisition of Four Firms

National Retirement Partners, Inc. (NRP) has closed on the acquisition of four advisory groups, thus completing their latest round of the firm’s acquisition strategy.
Reported by

The new acquired firms and their principals are:

Corporate Advisor Group, principal Chip Morton, in Destin, Florida
Alford-Jungers Financial & Insurance Services Inc, principals Darrell Alford and Lisa Jungers, in San Diego, California
Inter-Mountain Retirement Partners, principal Chad Larsen, in Denver, Colorado (Larsen was the 2007 PLANSPONSOR Retirement Plan Adviser of the Year)
Chepenik Financial, principals Barney Chepenik and Jason Chepenik, in Orlando, Florida

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Some of these firms announced their intention last year (See National Retirement Partners Announces Acquisitions).

In addition to the affiliation of over 86 advisory firms with 107 offices in 36 states, NRP, one of the nation’s largest networks of independent retirement plan focused advisers, has now completed the acquisition of 12 firms and is scheduled to close an additional 6 firms in the first quarter of 2008.

For more information about NRP, please visit www.n-r-p.com.

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