Deals & People May 27, 2010

Triad Advisors Partners with Wealth Management Firm

Triad Advisors announced that it is now affiliated with Gitterman & Associates Wealth Management, LLC.
Reported by

According to an announcement, Gitterman & Associates is a full-service, SEC-registered investment adviser and financial planning firm with over $700 million in total client assets. Jeffrey Gitterman, managing principal, founded Gitterman & Associates in 2000.  

Gitterman provides asset management, estate, and retirement planning solutions for individuals as well as colleges and universities.  

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“After careful consideration and more than a year of research, it became clear that Triad Advisors was head and shoulders ahead of its peers. We’ve been looking for a serious partner to help grow our firm and only Triad Advisors has the depth in the Hybrid marketplace that we need to be a competitive force in the BD and RIA space,” said Gitterman, in the announcement.

Products May 27, 2010

Ascensus Wins Synergy 401(k) Plan Business

The Synergy Companies, Inc., a professional employer and human capital management services organization, has selected Ascensus for its 401(k) retirement plan needs.
Reported by

Synergy transitioned its approximately $50 million in plan assets under administration and 100 adopting employers to Ascensus’ SingleSource Plus retirement plan model, according to the firm. SingleSource Plus is a full-service, open architecture 401(k) retirement program with a lineup of investment options and resources it said can streamline plan management.  

The Synergy Multiple Employer Retirement Savings Plan uses portfolio investment models that are designed to encompass a variety of risk levels and investment goals. The plan also uses Ascensus’ plan sponsor support tools and employee education program—including marketing materials, meeting support, targeted communications, and plan sponsor and participant Web sites. 

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Ascenus provides plan administration, recordkeeping, ERISA consulting, compliance and sales support, trust and custody services, multilingual participant education programs, training, and documentation, as well as open architecture investment capabilities. 

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