Perspective Partners Introduces TANDM-401k
ROCHESTER, NY, July 10, 2006 - Perspective Partners, LLC., a financial planning software provider, has announced a new application suite, TANDM-401k, developed to increase sales opportunities by identifying non-401k product needs using unique plan participant gap reports.
According to David Snyder, CEO, "401k plans offer significant data mining potential to increase the bottom-line. Our reports motivate participants to take action within the plan, and they make it easy for advisors to capture rollovers and other opportunities outside the plan. Plus, we do the back-office heavy lifting so our clients can focus on selling and servicing their customers"
TANDM-401k reports provide financial professionals with the ability to turn plan participants into revenue generating clients for additional products and services. Advanced tools mine recordkeeping data and identify actionable participants. Planning software is integrated with report generation to enable consultative recommendations based on unique needs.
Chad Wilson from Alliance Benefit Group-Mid-Atlantic stated, "Convincing retirement plan participants to seriously evaluate their current retirement savings strategy and then actually implement the necessary changes is a difficult task. I was ecstatic to have over 80% of participants that sat down one-on-one with me adjust not only their investment allocations, but also increase their deferral rates after we reviewed their copy of the Retirement Check-Up report together!"
TANDM-401k will turn participants into revenue generating clients for additional products or services such as rollovers, managed 401k accounts, assets held away, and numerous insurance products.
About Perspective Partners
Perspective Partners develops software for investment professionals and firms seeking to improve asset gathering and reporting capabilities. Our software is designed to transform investment product sales and servicing for RIAs, registered reps, retirement services providers, broker/dealers, insurance companies, and CPAs. Since 1999 our software has enabled advisors to focus more on their clients and less on their systems.
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