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Deals & People January 4, 2012
ExpertPlan and First Allied Form Partnership
ExpertPlan was selected
by First Allied to provide recordkeeping services for its clients.
Reported by Corie Russell
First Allied Retirement Services will upgrade its existing recordkeeping system with an ExpertPlan-branded open architecture system, which includes third-party administrative tools and functionality. The company supports nearly 850 financial advisers affiliated with First Allied Securities, Inc., an independent broker/dealer.
In addition, First Allied’s in-house asset management team, acting as an ERISA 3(38) fiduciary, will continue to offer its national network of advisers and their retirement-plan clients fully discretionary-based custom portfolios.
The partnership began this past summer with a block conversion of First Allied Retirement Services’ existing qualified plan business.