Products July 8, 2010

Schneider Downs Wealth Management Advisors, LP Renames Retirement Unit

 

Schneider Downs Wealth Management Advisors, LP has announced a name change for its retirement plan division.

Reported by

The firm, an independent investment advisory firm serving both individuals and retirement plan sponsors, says that its retirement plan division will be called SD Retirement Plan Solutions (SD-RPS), effective July 1.  The firm has offices in both Pittsburgh, Pennsylvania and Columbus, Ohio. 

SD-RPS provides plan design guidance, investment advice, retirement income planning, plan administration and concierge type access to financial products and services, and provides service to more than 10,000 retirement plan participants and individual clients in 26 states. 

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“The name change better reflects the independent, unbiased and fiduciary-based solutions for retirement plan and planning issues upon which our division and firm is built,” explains Karl Kunkle, co-managing partner of Schneider Downs Wealth Management Advisors, LP. “When coupled with the expertise and resources of our SD Personal Financial Services (PFS) division, we believe we have a value proposition worthy of consideration by anyone serious about improving their retirement planning outcomes.” 

“We are committed to providing plan sponsors turn-key, cutting-edge and cost-effective retirement plan solutions that help attract, retain and reward key employees while working to provide retirement plan security for all plan participants,” says Jeff Acheson, partner, SDWMA. “Our goal is to steadily advance our presence not only in Pennsylvania, Ohio and West Virginia, but continue to be recognized as an industry leader on the national level as well.”   

SD-RPS is integrated with Schneider Downs & Co., Inc., a regional accounting, tax and business advisory services firm.  Combined, the companies host more than 330 employees, 34 of which are shareholders and partners. 

Deals & People July 8, 2010

Lincoln Announces New 401(k) National Sales Manager, Sales Force Expansion

Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group has gone inside to find a new national sales manager for its 401(k) business.

 

Reported by

Peter Sims has been named national sales manager for its 401 (k) business, including the Lincoln Director (a group variable annuity retirement program) and Lincoln SmartFuture (a mutual-fund and collective trust-based platform) defined contribution retirement programs, a target growth area for Lincoln Financial Group, according to the firm.  Sims will report to John Kennedy, head of Retirement Solutions Distribution.

Sims joined Lincoln Financial in 2003 and has served in a variety of sales and distribution leadership positions across core business lines.  Prior to this role, he served as national sales manager of Lincoln’s market leading annuity business dedicated to the Wirehouse and Bank channel.  He has also served as national sales manager for Delaware Investments.

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In his new role Sims will focus on growth opportunities across third-party administrators, independent planner firms, banks and financial advisors.  To accomplish this LFD is planning a national expansion of the 401(k) sales force by increasing the sales teams by more than 50% from current levels, according to a press release.

“Peter brings to this position more than 20 years of sales leadership experience in building successful teams in multiple sales channels,” Kennedy said.  “With the addition of this critical new role, we are well-positioned to expand our 401(k) presence in the marketplace.”

 

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