Commonwealth Partners with 401k Producer Services
WALTHAM, MA, October 18, 2007 -- Commonwealth Financial Network® and 401k Producer Services recently agreed to an institutional partnership, providing Commonwealth advisors with access to leading-edge retirement plan consulting tools and resources. 401k Producer Services is a firm dedicated to helping retirement plan advisors enhance the revenue and profitability of their businesses.
"We partnered with 401k Producer Services to bring a high-quality service platform to our retirement producers," said Timothy Nihill, Commonwealth's manager of retirement. "What this firm offers will allow our advisors to move upstream in the marketplace, as well as allow them to spend more face time with current and prospective clients."
To better service plan sponsors and their employees, advisors will have access to a multitude of retirement consulting tools, technology, and resources. These include fiduciary and plan compliance materials, independent investment analysis, marketing and sales support, fee benchmarking services, consulting services support, administrative checklists and support staff forms, employee communication materials, and practice management assistance.
"Commonwealth has done an outstanding job of identifying and supporting exceptionally cost-effective solutions that can help grow an advisor's retirement plan consulting revenue and profitability," said Nick Della Vedova, president of 401k Producer Services. "Both our organizations share a common vision of delivering solutions that result in an ongoing successful retirement plan experience for the plan sponsor customers and their employees who are served by Commonwealth's advisors."
Advisors using the support provided by 401k Producer Services bring an independent retirement consultant approach to service corporate clientele and to manage fiduciary responsibilities. The firm's support will also promote successful retirement plan management and growth strategies.
About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, is the nation's second-largest, privately owned independent broker/dealer, with offices in Waltham, Massachusetts, and San Diego, California. The firm supports more than 1,000 independent registered representatives nationwide and makes available a comprehensive array of financial products and services.
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