NRP Picks Up 9 Firms

The new firms are part of continued growth the company is planning for this year. In December, CEO Bill Chetney told PLANADVISER.com that the firm had 23 to 24 firms in transition for the first quarter of 2009. He said NRP planned to hit 200 firms by the end of this year (already with 132 firms in December). Chetney said NRP is continuing to see strong demand for its retirement-focused adviser model. “The fact is that the brokers that are leaving the wirehouses and other broker/dealers are looking for a home, and the ones that are focused on retirement are still flocking to us,’ he said.

The eight new member firms, along with their senior principal, are:

• Wharton Retirement Services
  Andrew DeGroat
  Ft. Washington, Pennsylvania
• BCG Terminal Funding
  Mike Devlin
  Braintree, Massachusetts
• Prime Solutions Advisors
  Jamie Linkowski
  Pittsburgh, Pennsylvania
• Retirement Plan Advisors
  Tony Winkeljohn
  Ft. Wayne, Indiana
• Broyhill Asset Management
  Frank Rutan
  Ft. Washington, Pennsylvania
• Babb Retirement Services
  Bob Malcolm
  Pittsburg, Pennsylvania
• FIT Financial
  Melinda & Jaime Thomas
  San Luis Obispo, California
• Bay Benefits Group
  Mike Locono
  Mobile, Alabama
• Chase Benefit Advisors
  Clarke Chase
  Glen Allen, Virginia

“We are excited to welcome these eight firms to NRP. Collectively they advise in billions in institutional retirement assets,’ said Chetney in a statement. “They will be tremendously additive to our greatest asset, which is the collective knowledge possessed by the top retirement practitioners in the county.’