NEW YORK--(BUSINESS WIRE)--Third paragraph, second sentence of release should read: RPAG boasts more than 475 member firms, serving approximately 28,000 sponsors with $150 billion in assets under management. (instead of RPAG boasts more than 300 member firms, serving approximately 18,000 sponsors with $60 billion in assets under advisement.)
The corrected release reads:
NFP ADVISOR SERVICES ANNOUNCES SIGNIFICANT ENHANCEMENTS TO ITS RETIREMENT PLAN CAPABILITIES
401(k) Advisors Founders Join As Registered Representatives
NFP, a leading provider of benefits, insurance and wealth management services, has announced the integration of 401(k) Advisors, an industry leader in the retirement plan space, with NFP Advisor Services to further advance NFP’s retirement solutions platform for independent advisors. By combining 401(k) Advisors’ retirement solutions with NFP Advisor Services’ industry-leading advisor workstation, AdvisorComplete℠, advisors will have access to the most powerful integrated tool to support their entire practice.
401(k) Advisors founders Vince Giovinazzo and Nick Della Vedova have joined as registered representatives of NFP Advisor Services’ broker-dealer, NFP Securities, Inc., to enable them to team with NFP Advisor Services’ leadership to continue to provide industry leading retirement solutions.
Giovinazzo and Della Vedova also founded and manage Retirement Plan Advisory Group (RPAG), one of the largest independent retirement plan consulting groups in the country. RPAG boasts more than 475 member firms, serving approximately 28,000 sponsors with $150 billion in assets under management. RPAG offers best-in-class retirement practice tools and technologies that enable its advisors to win and retain retirement plan business.
“The intellectual capital, leadership experience and deep industry knowledge that Vince and Nick possess strengthens NFP Advisor Services’ longstanding commitment to the retirement space,” commented James Poer, President of NFP Advisor Services. “The NFP Advisor Services family is thrilled to expand our relationship with them to further harness the expertise and platform they bring to the table.”
”This new partnership solidifies NFP’s premiere position in the retirement market by fully leveraging the experience and systems of 401(k) Advisors and NFP Advisor Services to provide our client firms with a more powerful service platform that the advisors can leverage to achieve their growth and expansion goals,” commented Mike Goldman, Chief Operating Officer of NFP.
National Financial Partners Corp. (NFP) and its benefits, insurance and wealth management businesses provide diversified advisory and brokerage services to companies and high net worth individuals, partnering to help preserve their assets and prosper over the long term. NFP advisors provide innovative and comprehensive solutions, backed by NFP's national scale and resources.
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 includes retail and wholesale life insurance brokerage and wealth management advisory services. Advisor Services serves independent financial advisors by offering broker/dealer and asset management products and services.
Most recently NFP was ranked in the top 10 on Business Insurance's 100 Largest Brokers of U.S. Business; second on Business Insurance's Largest Agents and Brokers Headquartered in the U.S. Northeast; it operates the fifth-largest executive benefits provider of nonqualified deferred compensation plans by total clients, as ranked by PlanSponsor; and operates a top 10 independent broker/dealer as ranked by WealthManagement.com. NFP is also a leading independent life insurance distributor according to many top-tier carriers. For more information, visit www.nfp.com.
NFP Advisor Services is a business segment of NFP that includes NFP subsidiaries NFP Securities, Inc., member FINRA/SIPC, and NFP IndeSuite, Inc.