Products July 22, 2011

Software Firm Develops eFiduciary.net

FCRC Apps, LLC, a software development firm, is releasing version 3.0 of its Web-based application, eFiduciary.net.  
Reported by

eFiduciary.net is a secure fiduciary governance tool for consultants and plan advisers to use with their plan sponsor clients. FCRC Apps reports that it provides customizable document storage, due diligence applications, committee collaboration tools, a survey tool, and a calendar reminder system.

Used by consultants and investment fiduciaries, version 3.0 includes access to a survey tool that allows the user to create and publish online surveys quickly. It enables the collection of valuable data from a committee so the adviser and sponsor can make more informed decisions and focus the investment committee meetings’ content to the committee’s needs.

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Version 3.0 also introduces a calendar reminder system that can help an adviser or sponsor keep tabs on the status of tasks and deadlines assigned to the committee members and important regulatory filing dates.

The company reports that eFiduciary.net will continue to expand its platform with another release coming in late 2011.

Deals & People July 22, 2011

Symetra Hires SVP to Develop Registered Product Strategy

Symetra Life Insurance Company plans to expand its annuities portfolio and develop new registered products, hiring Kevin Knull to head up these endeavors.  
Reported by

Knull has joined the company as senior vice president, Registered Investments. In this role, he will lead the creation of Symetra’s registered annuity business, with an initial focus on lower-cost variable annuities that do not offer living benefit guarantees. He will report to Dan Guilbert, executive vice president of Symetra’s Retirement Division.

Knull most recently served as CEO of The Knull Group, LLC, a consulting firm focused on product and sales strategies for investment and insurance companies. He previously spent nine years at The Hartford Financial Services Group in a variety of sales leadership positions. At The Hartford, Knull and his team of wholesalers represented variable annuities, fixed annuities, 401(k), and other tax-deferred investments with financial planning, wirehouse, and regional investment firms.

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“Kevin has deep knowledge of variable annuity products, and he knows what it takes to be successful with registered representatives and fee-based investment advisers. With his understanding of distributor processes, we can build products that help solve challenges for advisers and their clients,” said Guilbert.

Knull earned a bachelor of science degree at the United States Coast Guard Academy. He is a Certified Financial Planner and currently serves on the board of directors of the National Capital Area Financial Planning Association in Washington, D.C. He will be based in Bellevue, Washington.

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