RolloverSystems to Provide NRP Financial with Expanded Participant Rollover Network Services
CHARLOTTE, NC, September 24, 2009 -- RolloverSystems, Inc. (RSI), an independent provider of rollover services, will begin providing NRP Financial, Inc. (NRPF) advisors with expanded participant rollover network services, enabling them to better serve their plan sponsor clients, prepare plan participants for retirement, and build their wealth management practices.
RSI will now offer an additional, elective service to NRPF advisors to assist in opening IRA brokerage accounts. The service will complement the turnkey program currently provided by RSI, which allows the advisors to support all terminated plan participants and plan sponsors in the 401k plans they advise.
In addition, RSI's rollover network program will enable advisors to capture more rollover assets in transition by:
- Providing a concierge roll out service to streamline and manage plan implementations.
- Campaigning to participants on behalf of advisors.
- Preparing participants to speak with advisors about investment decisions.
National Retirement Partners (NRP) member firms provide advisory services to more than 6,000 retirement plans with assets in excess of $48 billion. NRP has over 150 member firm offices in over 39 states.
"Our pilot engagement with RSI was very effective and well-received by our advisors, who recognize that rollovers from 401k plans represent a great opportunity, both for strengthening their relationships with their plan sponsor clients and for building their own practices," said Robert Francis, COO of NRP. "We're now enhancing the services and rolling them out to the entire network of NRPF advisors."
NRPF chose to expand its relationship with RSI after experiencing its valuable ability to provide plan participants with education and access to an independent array of high-quality rollover options, and complete assistance with distribution processes through its Retirement Center, staffed by licensed professionals.
To support the NRPF program, RSI has signed agreements with some of the largest 401k plan providers in the industry, enabling it to quickly implement services and seamlessly receive participant data.
"We're looking forward to expanding our leading participant rollover management services program for NRPF that will help its advisors continue to serve plan sponsors well and create business efficiencies, too," said Spencer Williams, CEO of RSI. "We think NRPF is showing great leadership on the important issue of rollover management."
About RolloverSystems, Inc.
Charlotte-based RolloverSystems, Inc. (RSI) is an independent provider of rollover services for retirement plan sponsors, third party administrators (TPAs), advisors and their terminated plan participants. RSI specializes in helping retirement plan sponsors provide retirement education support to participants providing education on retirement options, access to an independent array of high-quality rollover options, and assistance with rollover, transfer or distribution processes through its Retirement Center. All terminated participants in a plan - regardless of account balance - receive this high-level of support, a service that is especially valuable to participants who otherwise would not have access to professional guidance. For more information about RolloverSystems, visit www.rolloversystems.com.
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