The firm says all of its new adviser network members arrive from Retirement Plan Advisory Group (RPAG), also an independent retirement plan consulting firm. The additions come on the heels of the formal integration of RPAG and another independent firm, 401(k) Advisors, into the NFP network (see “NFP Integrates 401k Advisors Tools and Services”).
James Poer, president of NFP Advisor Services, says the firm hopes to continue its “significant recruiting momentum and further solidify NFP’s position as a premier home for advisers in the retirement industry.” He says the news is also indicative of the retirement plan tools and support that NFP Advisor Services provides independent advisers.
According to NFP, the firm’s relationship with Nick Della Vedova, president of RPAG, played a critical role in the hiring of the new advisers. Della Vedova helped found RPAG alongside Vince Giovinazzo. RPAG works with some 475 member firms, serving approximately 28,000 plans with $150 billion in assets under advisement.
Both 401(k) Advisors and RPAG continue to operate independently of NFP following the formal integration—though they have been wholly-owned subsidiaries of NFP since 2006.
More information is available at www.nfp.com.