T. Rowe Adds to Retirement Services Sales Team

T. Rowe Price announced recent hires within the Retirement Plan Services sales team.

Kimberly Baker is the new director of intermediary relations for T. Rowe Price Retirement Plan Services, Dan Darfler joined as director of national account sales, and James Quartarone joined as a retirement sales executive for T. Rowe Price Retirement Plan Services.  

With more than 20 years of experience in a variety of sales, consultant relations, and marketing roles in the retirement and investment management industry, T. Rowe Price has tasked Baker with advancing the company’s strategies in the Retirement Plan Services division. Most recently, Baker was vice president, consultant relations for Fidelity Investments. Prior to that, she was a vice president, consultant relations at CitiStreet (now part of ING). She replaces Heidi Walsh in this role.  

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In his newly-created position, Darfler will cover the high end of the large prospect segment for the full-service marketplace. He has nearly 25 years of defined contribution industry experience, and was most recently a managing director for Prudential Retirement. Before that, he was director, defined contribution for AllianceBernstein Institutional Investments, and vice president, institutional sales for JPMorgan Retirement Plan Services.   

Also in a newly-created position, Quartarone will focus on prospects in the consultant sales channel in the western region. He has nearly 20 years of sales experience in the defined contribution industry, and most recently was a sales executive at Aon Hewitt. Prior to working at Aon Hewitt, he worked at Fidelity Investments for 18 years, most recently as vice president, account executive.

MFS Offering Free Access to TPA Search Service

MFS Investment Management has teamed with TPA(k)nowledge.com to offer complimentary access to TPALocator Service, a national network of third-party administrators (TPAs). 

The service will be free for advisers through the end of the year.

The TPALocator Service includes:

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  • A national network of TPAs, with a broad range of retirement plan capabilities in both defined contribution and defined benefit plans, and a choice of platform capabilities (including TPAs that specialize in supporting investment-only, open-architecture businesses)
  • A search engine focused on identifying prospective TPA partners nationwide, based on advisers’ specific needs
  • Targeted screening criteria so that advisers can hone in on the specific characteristics they are looking for in a TPA and pinpoint service partners positioned to meet their case-specific needs
  • Up-to-date, relevant details on each TPA, to provide advisers with the knowledge they need to make informed choices
  • Easy-to-use mechanism for contacting a TPA and receiving prompt TPA assistance to help the adviser win more business

“Recent research shows that as much as 43% of new annual adviser sales in the retail retirement plan market are going through TPA solutions,” said William Loesch, director of Investment Only Marketing at MFS. “Being able to provide advisers who are focused on the retirement plan market with a means to connect with TPAs is another way we can offer the leadership, strategies, and resources to support advisers in building their practices.”

 

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