Prudential Expands Wharton Executive Education Program

Prudential Annuities has completed a second round of educational training classes with the University of Pennsylvania’s Wharton School as part of an executive retirement education program for advisers.

The program, A New Model for Understanding Retirement Risk, is a two-and-a-half day program offered through a partnership with the University of Pennsylvania business school. The program, which provides financial professionals with extensive training in retirement income strategies, is part of an effort to further distinguish the firm’s Masters Council program, which is the top-ranking tier of financial professionals selling Prudential Annuities products and services.

The Wharton executive education program builds on the business model created by Prudential Annuities to help address some of the risks of investing inside the five years before and the five years after retirement, a press announcement explained.

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The program was initially launched last fall, which sold out quickly, Prudential said (See Prudential Joins With Wharton to Offer Retirement Risk Education for Financial Professionals). Prudential Annuities offered its Masters Council program members an opportunity to attend the January 2008 session. At that session, Wharton Executive Education program trained 75 participants during each of two consecutively scheduled two and a half day sessions from January 5 through January 8 and January 9 through January 12, 2008. In total, 300 financial professionals have attended the customized program.

Interested participants are required to complete a two-hour, online prerequisite program created and administered by Prudential Annuities. Admission to the free Wharton program is determined on a first-come, first-served basis upon completion of the online program, the company said

CA Firm Offers CIF ‘Marketplace’

A Campbell, California-based plan service provider is making information about collective investment funds (CIF) more accessible to plan advisers.

A news release from 401kDIRECT said advisers can now use its CIF marketplace to review and select CIFs for their plan sponsor clients.

The company said the funds are sub-advised by national trust companies and consulting firms and represent a variety of investment styles allowing advisers to better meet differing client needs.

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The advantages of CIFs include transparent pricing, lower net costs, and access to professional money management. In addition, the funds are priced and traded in a daily environment and are not subject to many of the restrictions of mutual funds, such as early withdrawal penalties, the announcement said.

For additional information, contact Lance Roberts at 740-927-3553 or email lroberts@401k-direct.com.

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