NFP Integrates 401(k) Advisors' Tools and Services
As registered representatives of NFP Advisor Services’ broker/dealer, NFP Securities, Inc., 401(k) Advisors founders Vince Giovinazzo and Nick Della Vedova will team with NFPAS leadership to continue to enhance retirement solutions development efforts.
James Poer, president of NFP Advisor Services, says his firm hopes to leverage Giovinazzo’s and Della Vedova’s substantial collective experience to “strengthen NFP Advisor Services’ longstanding commitment to the retirement space.”
By combining 401(k) Advisors’ retirement solutions with NFP Advisor Services’ adviser workstation, AdvisorComplete, the firms’ adviser clients will gain access to integrated tools to support their entire practice, according to NFP.
Giovinazzo and Della Vedova also founded and manage Retirement Plan Advisory Group (RPAG), an independent retirement plan consulting group. 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 will continue to operate independently of NFP, though they have been a wholly-owned subsidiary of NFP since 2006.
“RPAG’s relationship with NFPAS is not new,” explains Giovinazzo. “There were already 50 or more RPAG members with NFP Advisor Services. However, this announcement solidifies a deeper strategic partnership between RPAG and NFPAS.”
RPAG will also continue to work with 30 or more different broker/dealers, Giovinazzo says. “We support RPAG members with virtually any broker/dealer that is not a direct competitor of RPAG,” he explains.
This new partnership allows NFP’s advisers and representatives to fully leverage the experience and systems of 401(k) Advisors, comments Mike Goldman, chief operating officer of NFP.
More information is available at www.nfp.com.