NEW YORK--(BUSINESS WIRE)--NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty, retirement, and individual insurance and wealth management solutions, has announced that 401(k) Advisors, Inc., a wholly owned subsidiary of NFP and an industry leader in the retirement plan consulting space, is rebranding as NFP Retirement.
The rebranding is part of a broader NFP initiative to bring all the resources, experience and expertise within its retirement plan services unit directly to plan sponsors and participants. NFP Retirement provides best-in-class consulting services for retirement plan sponsors by utilizing cutting-edge, proprietary technology and systems for investment due diligence, provider benchmarking, plan design and fiduciary education through a team of high-end consultants across the country.
Under the guidance of founder Vince Giovinazzo and President Nick Della Vedova, NFP Retirement has become one of the largest retirement plan advisory firms in the U.S., consulting on over 700 plans with more than $30 billion in assets under advisement as of June 30, 2014.
“Nick and Vince have solidified a well-respected industry reputation for 401(k) Advisors, which will continue as NFP Retirement, while also taking advantage of the NFP brand and resources to aggressively bring their services to an even larger audience,” said Ed O’Malley, President, NFP Corporate Client Group. “We’re excited about the significant opportunity NFP Retirement has to capitalize on the need for retirement plan solutions and advice that can help maximize positive retirement plan outcomes.”
“Our team has had a longstanding relationship with NFP, and the 401(k) Advisors name has only partially reflected our retirement plan expertise and the resources available to us,” said Della Vedova and Giovinazzo in a joint statement. “NFP is a broadly diversified financial services firm whose leadership shares our commitment to excellence and innovation within the changing retirement plan landscape. We are proud to reposition our brand to reflect our mission of creating successful retirement plan outcomes by helping to protect fiduciaries and engaging participants to reach their retirement income potential.”
National Financial Partners Corp. (NFP), along with its benefits, property & casualty and life insurance, and wealth management businesses, provides diversified advisory and brokerage services to companies and high net worth individuals.
NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, property and casualty insurance, and retirement plans. The Individual Client Group provides retail and wholesale life insurance brokerage and wealth management advisory services. Advisor Services Group supports independent financial advisors by offering broker/dealer and asset management products and services.
Most recently, NFP was ranked by Business Insurance as the fifth-largest benefits broker by global revenue, fourth-largest U.S.-based privately owned broker and 11th-largest Largest Broker of U.S. Business. Plan Sponsor has named NFP the fifth-largest executive benefits provider of nonqualified deferred compensation plans by number of plans. The company also operates a top 10 independent broker/dealer as ranked by WealthManagement.com.
Securities and Investment Advisory Services offered through NFP Advisor Services, LLC, (NFPAS) member FINRA/SIPC. NFPAS is affiliated with NFP and NFP Retirement, Inc.
For more information, visit www.nfp.com.