CENTENNIAL, Colo.--(BUSINESS WIRE)--FPS Group, LLC has hired Troy Dryer, CRPC®, AIF®, and Darlene Dailey to support the growth of its newly updated Investment Provider Xchange (“IPX”). Dryer and Dailey will each assume the role of Vice President of Business Development.
The IPX platform, which provides custody as well as recordkeeping and administration in support of multiple investment product providers in the 403(b) and 457(b) markets, streamlines the user experience for those in the public sector retirement planning space. The platform is used by constituents in every aspect of the market, including product providers, financial advisors, plan sponsors and third-party administrators (TPAs). Dryer and Dailey each bring 30 years of experience in the 403(b) plan market and will be responsible for increasing awareness and usage of the platform among all of the segments it serves.
“The public sector retirement plan space is rapidly evolving, and IPX offers a truly unique solution for those working with 403(b) and 457(b) plans. Troy and Darlene have an infectious excitement surrounding the public sector retirement plan market, and their experience in the space will be invaluable to IPX users as they look to optimize the platform,” said James Olson, Managing Director of FPS Group and chief architect of IPX.
Dryer’s most recent position was with Prime Capital Investment Advisors, where he served as an Institutional Retirement Plan Consultant. He has held a variety of roles in the financial services space, including relationship management, institutional sales and organizational leadership. Dryer has dedicated much of his career to building and maintaining technology solutions that yield better experiences for 403(b) plan sponsors and providers, while improving participant outcomes. He will operate out of the greater Denver area.
Dailey, who will be operating out of the Dallas/Fort Worth area, joins IPX from AXA U.S., where she was a Regional Vice President. Previously, she held senior positions with retirement plan industry leaders, where she worked closely with plan sponsors, brokers, TPAs and investment providers to help design plans and mitigate compliance concerns.
The IPX platform provides retirement plan industry professionals with a more manageable entry point into the complex 403(b) and 457(b) markets by streamlining the requisite custody, trust, trading and administrative services. IPX offers a range of solutions to help those in the space, including participant enrollment, investment transparency, transactions processing and more comprehensive plan oversight.
“The success of IPX will be at the heart of FPS Group's growth in the near and longer term,” said Jamie DeRubertis, Chief Revenue Officer of FPS Group. “Troy and Darlene’s experience with the complexities of serving these plan types makes them ideal consultants to all of the entities engaging with IPX; we are thrilled to have them on our team.”
Investment Provider Xchange (“IPX”) is a single-source end-to-end solution for providers in the 403(b) and 457(b) plan markets, offering the benefits of a multiple provider approach with the simplicity of single provider. IPX combines a technology platform for fund trading, recordkeeping and online account access with a custom plan design and consulting from a third-party administrator. Features include transaction processing for contributions, distributions, and participant loans, aggregated participant data accessed via a single, robust web portal and the ability to access mutual funds and annuities on one platform. For more information, please visit www.ipxplatform.com.
About FPS Group
FPS Group, LLC develops products and services designed to offer retirement planning industry stakeholders innovative and efficient ways to streamline processes, cut costs and improve their bottom line. FPS Group offers the Investment Provider Xchange (“IPX”), providing RIAs with a renewed entry point to the 403(b) market. The firm also specializes in Paying Agent Services, Automatic IRA Rollover Services, HSA Custodial Services, and provides custody and safekeeping, recordkeeping, tax reporting, income collection, investment of cash balances and other non-fiduciary activities. As a result, FPS clients are more efficient and can offer improved functionality and responsiveness to their clients. For more information, please visit www.fpsgroupllc.com.