PRP Designation Wins Smith Barney Backing

Smith Barney has added the PLANSPONSOR Retirement Professional (PRP) designation to the list of the firm's approved designations for financial advisers.

Offered through the PLANSPONSOR Institute, which is affiliated with PLANSPONSOR magazine, the PRP is the second designation focused on qualified retirement plans that Smith Barney has approved. The PRP designation is targeted to advisers who have a minimum of five years of direct retirement plan experience.

According to an announcement, Smith Barney is committed to supporting financial advisers who service the retirement plan market segment, understanding that in today’s environment, plan sponsors need guidance and solutions delivered by advisers who focus on this market.

The approval of the PRP designation reflects the intense focus on retirement services at Smith Barney, according to the firm. Smith Barney has a business unit entitled “Retirement Solutions,’ which supports financial advisers with the resources needed to consult on personal as well as business retirement solutions (see “Smith Barney Reorganizes Retirement Group“).