Deals & People September 18, 2007

National Retirement Partners Announces Acquisitions

National Retirement Partners, LLC (NRP), has entered into a letter of intent for the proposed acquisition of three advisory groups, signaling the start of the next round of the firm's acquisition strategy.
Reported by

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, New York-based Financial Foundations of America, NRP announced Wednesday.

NRP Chairman Bill Cvengros said the acquisitions represent the solidification of a major part of NRP’s overall strategy for NRP and will assist it in cultivating profitable expansion. Tim O’Brien, NRP Director of Mergers and Acquisitions anticipates more acquisition announcements in the near future.

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Chad Larsen, the 2007 PLANSPONSOR Retirement Plan Adviser of the year (See 2007 Retirement Plan Adviser of the Year), said he 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 in the announcement.

NRP is a network of independent retirement plan-focused advisers with more than 90 member firms advising 3,000 retirement plans with assets in excess of $34 billion.

For more information about NRP, visit www.n-r-p.com.

Deals & People September 18, 2007

AIG Names New Head of Operations for Advisor Group

AIG Retirement Services Inc. has announced Randall W. Epright has been appointed Executive Vice President and Chief Operating Officer of AIG Advisor Group, and Senior Vice President, Operations and Systems, for AIG SunAmerica Asset Management Corp (AIG SAAMCo).
Reported by

In his new role, Epright will be responsible for all operations and technology functions for AIG’s broker/dealer and mutual fund businesses. The combined responsibility for both operations and technology will translate into a more focused and responsive delivery system for the company’s businesses, AIG said.

Epright joined AIG in 1995 in the company’s foreign general insurance division. He came to SunAmerica in 1999 as Executive Vice President and Chief Information Officer. In 2002, Epright was named Senior Vice President and Group Chief Information Officer of AIG Retirement Services (AIGRS) following the integration of the retirement services businesses of AIG, SunAmerica, and American General. He was named to the additional post of Chief Operations Officer, AIGRS, in 2006.

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Lillian Caliman has been appointed Senior Vice President and Chief Information Officer of AIGRS. In her new role, she will assume responsibility for the technology function across all AIGRS companies, including application programming, data centers, risk management and the program management office.

Caliman joined SunAmerica in 1996 as Vice President, Information Technology. Most recently, she served as Senior Vice President and Divisional CIO, Information Technology, for AIG Annuity and AIG VALIC. Previously, she served as Senior Vice President, Information Technology, AIG SunAmerica.

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