Products October 1, 2009

Newkirk Unwraps Roth IRA Conversion Package

Newkirk has unveiled a Roth IRA conversion packet.

Reported by

A news release from  the Albany, New York, provider of financial services education said the kit is timed to coincide with new rules as of 2010 changing the annual income limitation for a Roth conversion.

Newkirk’s booklet and HTML version have been developed in a question-and-answer format that the company said can be distributed in person, via email, or via a Web site. Newkirk also has a PowerPoint presentation and a script to use for seminars.

“We recognize that our customers need to accurately relay to their clients the facts and possible benefits of pursuing a Roth IRA Conversion, so we’ve responded with a variety of materials and formats to cover all the bases,” said Pete Newkirk, president of Newkirk. “This is a nice opportunity for financial professionals to offer higher income clients new and favorable money-saving options, especially with the potential advantage of spreading income-tax consequences over two years.”

More information is available by contacting 800.525.4237 or info@newkirk.com, or by visiting here.

Deals & People October 1, 2009

Newport Taps Sain for Retirement SVP

The Newport Group has appointed Dennis Sain as senior vice president, Qualified Retirement Services.

Reported by

Sain will oversee the firm’s qualified retirement plan business, which includes defined contribution and defined benefit plans. The company said Sain’s responsibilities will include oversight of client/distribution development, led by Chief Marketing Officer Tom Pittman; client services, led by Vice President Debbie Pritchard; and operations, led by Vice President Mark Turaniczo.

Sain has 29 years of experience in the employee benefits industry, including serving as president and CEO of Northern Trust Retirement Consulting and director of sales for The Retirement Group at Merrill Lynch.

Most recently, Sain was the president of Sain Management Solutions, Inc., consulting with the employee benefits industry on business strategy, organizational design, acquisitions, sales, training, and relationship management.

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