Deals & People February 26, 2008

Mutual of Omaha Puts Out TPA Service

Mutual of Omaha is now offering plan sponsors a retirement platform that integrates with existing third party administrators.
Reported by

The new third party administrator (TPA) solution provides plan sponsors with access to Mutual of Omaha’s menu of investment options, recordkeeping services, participant education programs, and personalized customer service, while allowing the TPA to handle testing and reporting functions, the company said in a news release.

Mutual of Omaha’s TPA solution provides TPAs with loan amortizations and tracking, vesting calculations, and 1099R reporting – in addition to the all of the standard services offered by a typical TPA model product.

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“We understand that plan sponsors are looking for flexible options when it comes to their retirement plans,” said David Ahrendt, vice president of Retirement Services at Mutual of Omaha, in the release.

More information is available at www.getretirementright.com.

Deals & People February 26, 2008

US Fiduciary Forms New Wealth Management Team

US Fiduciary, Inc. (USF) announced that Mark Tidwell and Charlie Rawl have left Stanford Financial and joined US Fiduciary’s platform, under the brand Zenith Wealth Management.
Reported by

Rawl, President of Zenith Wealth Management, explained in a company announcement that by utilizing USF’s menu of providers, Zenith was able to get started much faster than it would have if Rawl and Tidwell had started it independently.

“Mark and Charlie’s decision to partner with us is significant because it further verifies the role USF plays in unleashing the real value of an FA’s business and emphasizes the continued trend of high-end FAs leaving the proprietary product world behind and embracing open architecture and fiduciary responsibility.’ Bob Drake, President and COO of US Fiduciary, said in the announcement.

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Additionally, USF announced the win of another major client in the executive and employee benefit space by transitioning the reps of PenCal to USF’s broker/dealer. PenCal brings ten reps and a team of resources to US Fiduciary, and will add approximately $3 million per year to USF’s 2008 revenues with significant expansion planned in the future.

For more information, visit http://www.usfiduciary.com.

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