National Retirement Partners Starts Next Round of Acquisition
CAPISTRANO BEACH, CA, September 18, 2007 -- National Retirement Partners, LLC (NRP), the nation's largest network of independent retirement plan focused advisors with more than 90 member firms advising 3,000 retirement plans and assets in excess of $34 billion, announced today that it has entered into a letter of intent for the proposed acquisition of three advisory groups signaling the start for the next round of the firm's acquisition strategy.
The three Letters of Intent were signed by Darrell Alford and Lisa Jungers of Alford-Jungers Financial in San Diego, CA; Chad Larsen in Denver, CO and Barbara Delaney of Pearl River, NY based Financial Foundations of America.
Commenting on the acquisition, Darrell Alford said, "To become an NRP acquired firm was a major decision for us. But we knew we were making the right decision once we fully understood the positive impact the move would have on the delivery of great service to our clients and the growth of our firm. What our clients stand to gain with this move is just phenomenal." Lisa Jungers added "We love the retirement plan business and to be a part of NRP on this level should help is to expand the impact we can provide plan sponsors and their participants going forward;"
Chad Larsen, the 2007 Plan Sponsor Magazine Retirement Plan Advisor of the year, anticipates aggressive growth for his firm. "Our intent is for Denver to become a hub practice for NRP with an objective to build out the largest and strongest inter-mountain retirement plan practice;" Larsen stated.
Barbara Delaney, a veteran retirement advisor with over 20 years of experience said, "Joining NRP will afford us the ability and resources to help insure continued profitable growth and to be able to provide superior retirement plan consulting services for our clients."
NRP Chairman Bill Cvengros said in connection with the execution of the letters of intent, "These acquisitions represent the solidification of a major part of our overall strategy for NRP. These three firms will undoubtedly assist us in cultivating profitable expansion. They are a perfect match and we anticipate utilizing the considerable knowledge, experience and customer relationships that they bring to NRP."
Tim O'Brien, NRP Director of Mergers and Acquisitions anticipates more acquisition announcements in the near future. "Our strategy is to strengthen and expand NRP's core pension-focused advisory business through acquisitions and sub-acquisitions. We are excited in having these three firms become a part of NRP as they provide us the ability to leverage our considerable presence in the retirement industry."
About National Retirement Partners
National Retirement Partners, Inc. is the country's largest network of independent advisors providing consulting and investment services to retirement plan sponsors and participants nationwide. NRP is dedicated solely to supporting advisors who service the retirement plan marketplace, which currently amounts to over 90 Member Firms advising over 3,000 retirement plans with over $34 billion in assets. Sharing diverse talents, expertise and a common focus, NRP Member Firms are able to deliver to clients what had traditionally only been available to larger firms - heightened best practices and investment due diligence, open architecture plan analysis and design, independent vendor search and benchmarking analysis and high quality service and communications. For more information about NRP, the retirement plan experts visit www.n-r-p.com.
###
Click here for more material dealing with current trends, opinion, news, legislative action, investments, marketing, sales, consulting, and legal issues on 401k plans.
This is a press release provided by the company or its representatives. 401khelpcenter.com, LLC is not the author of this release and is not associated or affiliated with any firm or organization mentioned unless otherwise noted. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by 401khelpcenter.com, LLC.
