Deals & People October 1, 2009

Newport Taps Sain for Retirement SVP

The Newport Group has appointed Dennis Sain as senior vice president, Qualified Retirement Services.

Reported by

Sain will oversee the firm’s qualified retirement plan business, which includes defined contribution and defined benefit plans. The company said Sain’s responsibilities will include oversight of client/distribution development, led by Chief Marketing Officer Tom Pittman; client services, led by Vice President Debbie Pritchard; and operations, led by Vice President Mark Turaniczo.

Sain has 29 years of experience in the employee benefits industry, including serving as president and CEO of Northern Trust Retirement Consulting and director of sales for The Retirement Group at Merrill Lynch.

Most recently, Sain was the president of Sain Management Solutions, Inc., consulting with the employee benefits industry on business strategy, organizational design, acquisitions, sales, training, and relationship management.

Deals & People October 1, 2009

NFL Players to Get Financial Advice under New Partnership

The NFL Players Association announced it has partnered with Financial Finesse, a provider of financial education programs, to launch a program that gives NFL players the financial guidance they need to prepare financially for a lockout.

Reported by

A joint press release said the partnership with Financial Finesse was created in an effort to ensure that every player has the information and tools they need to prepare financially for any potential obstacle and to establish lifelong financial security for themselves and their families.

The program will offer:

  • personalized financial assessments and education plans, as well as customized financial planning workshops;
  • tools, guidance, and education players need to make informed financial decisions in regards to day-to-day money management, as well as long-term financial planning needs;
  • ongoing support to effectively select and manage investment advisers in order to guard against fraud, negligence, or poor financial advice; and
  • help in evaluating the myriad of business opportunities available to players.

“There’s been a long standing need for this kind of financial education for our members who have unique circumstances that make financial planning particularly difficult,” NFLPA Executive Director DeMaurice Smith said. “With no guarantees in NFL contracts and the potential for a 2011 lockout, we want to make sure our members are prepared for injury or anything that cripples their career. We’d also like them to transition from football to a lifetime of financial security and independence—something that is possible only with smart financial planning.”

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