Beacon Pointe Expands Into Retirement Plan Space
NEWPORT BEACH, CA, March 12, 2016 -- Beacon Pointe Advisors, an investment management and financial advisory firm headquartered in Southern California, recently announced expansion of its investment management services to employer-sponsored retirement plans.
In conjunction with this announcement, Beacon Pointe has hired Doug Igel, CIMA®, AIF® to run its retirement plan advisory practice. Igel will be responsible for the design, management and delivery of services within the group, leveraging Beacon Pointe's manager research capabilities and institutional scale.
"Doug has an incredibly strong, in-depth knowledge and understanding of the 401k and 403(b) space and brings a unique skill set to our team," said Felix Lin, CFA, President of Beacon Pointe's Institutional Consulting Services Group. "With much discussion amongst the Department of Labor in regards to fiduciary regulations, Beacon Pointe is now well-positioned to provide clear, objective advisory services and investment guidance for retirement plans as a Registered Investment Advisory firm."
Igel was formerly a Vice President and Managing Consultant of the retirement practice at Precept Advisory Group. With the benefit of his leadership and more than 19 years of industry experience in the fold, Beacon Pointe will now officially offer investment management services to 401k and 403(b) plans, in addition to other solutions, including fiduciary oversight, plan consulting, fee benchmarking and vendor reviews, participant financial wellness and ERISA plan consulting.
Igel earned a B.S. in Business Administration with a concentration in Finance from Colorado State University and went on to receive his Master of Business Administration from Regis University in Denver. He holds the Certified Investment Management Analyst (CIMA) designation which he earned at the Wharton School of the University of Pennsylvania, in conjunction with the Investment Management Consultants Association (IMCA). Igel also holds the Accredited Investment Fiduciary (AIF®) designation through Fi360 and the Certified Retirement Administrator (CRA) designation through InFRE.
"Beacon Pointe Advisors has the human capital, brain power and resources to fully support expansion to serve retirement plan providers," Igel said. "The Beacon Pointe team is highly regarded in the industry and offered exactly what I was looking for in regard to entrepreneurial growth and the ability to provide top-tier offerings for clients. I look forward to developing this division of the firm nationally."
About Beacon Pointe Advisors
Beacon Pointe Advisors was founded in 2002 and is now one of the largest independent investment advisory firms in the nation with over $7.5 billion in assets under management (as of 6/30/15). Beacon Pointe Advisors is headquartered in Newport Beach, California, with clients located across the country. Institutional clients have long relied on Beacon Pointe's professional consultants to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, and evaluate fund performance. In addition to servicing the traditional institutional and private client, Beacon Pointe now provides specialized investment consulting services for retirement plan providers. For more information on Beacon Pointe's Institutional Consulting Services, please visit: institutional.bpadvisors.com. Twitter Handle: @BPInstitutional
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