Transamerica Enhances Wirehouse Financial Adviser Support
LOS ANGELES, CA, October 1, 2007 -- In order to help financial advisers capture more business in the growing small-plan retirement plan market (generally defined as a plan having assets of less than $50M), Transamerica Retirement Services ("Transamerica") today announced that it is expanding its sales support staff through a newly created position called a Market Development Specialist. This new position will be responsible for helping financial advisers increase their presence in the small-plan retirement plan market.
The primary function of the Market Development Specialist (Specialist) will be to serve as a knowledgeable retirement industry expert and assist Transamerica’s regional vice presidents in helping financial advisers build a strong, sustainable retirement plan practice. The Specialists will be responsible for establishing and maintaining ongoing relationships with branch personnel and financial advisers looking to expand their 401k business. As experts in the retirement market, the Market Development Specialists will play a critical role in educating financial advisers on the industry and supporting them as they expand their business.
"This further demonstrates Transamerica’s fierce commitment to the adviser. Our goal at Transamerica is to marshal our resources to assist financial advisers in delivering true value to their retirement plan clients. The Market Development Specialists are just one more level of support financial advisers can rely on to help increase their own presence in the retirement plan market," says Stig Nybo, senior vice president, national sales director for Transamerica Retirement Services. "By improving these relationships, Transamerica will be able to dramatically increase its own footprint in key distribution channels and broaden our reach in the small-plan retirement plan market."
Transamerica has hired eight Market Development Specialists; two Specialists will be assigned to each of the four geographic sales region: Central, Northeast, Southern, and Western regions.
The Market Development Specialists will officially start on October 1, 2007.
About Transamerica Retirement Services
Transamerica Retirement Services ("Transamerica"), a marketing unit of Transamerica Financial Life Insurance Company, 4 Manhattanville Road, Purchase, New York 10577, and other of its affiliates, designs customized retirement plan solutions to meet the unique needs of small- to midsized businesses. Transamerica Retirement Services ranked as a top-five plan provider in a recent PLANSPONSOR® Magazine Defined Contribution Survey and has more than 14,500 retirement plan clients totaling more than $14.12 billion in assets. For more information about Transamerica, please refer to www.TA-Retirement.com.
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