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Products April 9, 2015
GRP Offers Accommodation B/D Services
To ensure regulations compliance and proper treatment of broker/dealer income, Global Retirement Partners (GRP) will offer access to accommodation broker/dealer services.
Reported by PLANADVISER staff
The services help advisers and group benefits firms address issues such as properly handling broker/dealer commission revenue received by a retirement plan adviser.
“A broker/dealer, for the most part, can only pay a registered representative or another broker/dealer,” explains Jim Williams, president of GRP. “Frequently an adviser will remit their broker/dealer commissions received to their employers, who will then pay them a salary or bonus.”
Using its access to an accommodation broker/dealer facility, GRP helps remediate these issues and ensures compliance and effective business operations, freeing clients to spend more time on creative plan sponsor and participant solutions.
Global Retirement Partners, a retirement plan consulting firm with a national footprint, assists retirement plan advisers in business expansion through financial wellness programs, wealth management capabilities and executive benefits, among other offerings.