Deals & People December 29, 2008

SageView Adds Adviser to Northeast Practice

Retirement and wealth management consulting firm SageView Advisory Group has added Mark Forkey, as a senior investment adviser to its Northeast Practice.
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Forkey has more than 15 years of experience delivering quality retirement plan solutions primarily to corporate and not-for-profit plan sponsors in the healthcare market, SageView said. He was previously a Vice President of Investment Services at Cammack LaRhette Consulting, responsible for client management and investment oversight for a number of large hospital retirement plans in New York and New England.

Based in SageView’s Boston office, Forkey will focus on partnering with retirement plan sponsors to mitigate fiduciary risk through the development, adoption, and implementation of prudent investment policies in qualified retirement programs. He will also serve as a stated fiduciary to client’s retirement plans.

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Currently overseeing more than $5 billion in assets, SageView Advisory Group is an independent registered investment advisory firm specializing in helping retirement plan sponsors fulfill their fiduciary responsibilities. Headquartered in Irvine, California, it also has offices Los Angeles, Bethesda, Boston, Kansas City, Knoxville, Las Vegas and West Palm Beach.

For more information about SageView Advisory Group, call (800) 814-8742 or visit www.sageviewadvisory.com.

Products December 29, 2008

B/D Woodbury Streamlines Back-Office Operations

In early 2009, Woodbury Financial Services will introduce upgrades to its automated work distributor (AWD) platform.
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The broker/dealer, a subsidiary of The Hartford Financial Services Group, Inc, says the enhancements to the processes enabled through AWD will offer streamlined imaging and work distribution capabilities, resulting in faster turnaround time. With the added enhancements and automation, Woodbury reps will get answers more quickly from brokerage operations and operations service center teams.

Currently, Woodbury’s brokerage team uses a partially manual method to manage account set-up, transfers, trading, and related transactions. This requires a large amount of paperwork that frequently changes hands. Documentation is moved daily between the Woodbury, Minnesota office and the company’s new office in Oakdale, Minnesota, Woodbury says.

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To prepare for these upgrades, part of Woodbury’s movement towards becoming a paperless office, a 30-person brokerage operations team has been working to streamline processes, revamp workflows and research ways to update and add new functionalities to increase Woodbury’s service offering to its 1,800 independent representatives nationwide.

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