IFP Plan Advisors, a unit of hybrid RIA Independent Financial Partners (IFP) in Florida, has created a new team of specialists to support the reporting and business development needs of its advisors.
Called Retirement Resource Desk, the newly formed team will ease the workload of the division’s advisors by outsourcing the production of quarterly investment monitoring reports, semi-annual provider benchmarking reports and investment due diligence reports to a member of the central IFP Plan Advisors team.
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IFP said that the team’s business development relationships will identify plan sponsor prospects through branded email campaigns, educational video content and calling programs.
The liaisons will help boost the brand awareness of the advisors within a defined geographic region, rank the prospects and secure meetings on behalf of the advisors.
Additionally, the company has also added three new tools to its technology arsenal available to its advisors including Envestnet Retirement Solutions, integrating regulatory, data and investment tools, financial soundings insights reports as well as a new system for generating and tracking proposals.
The Retirement Resource Desk and the new tools will be fully implemented by mid-2016.
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By GlobalDataIFP Plan Advisors president Kimberly Shaw Elliott said:"Our Retirement Resource Desk will also help with that by including a client prospecting center."
"While we now offer this new technology, we will never require our advisors to use any of it. We fully support advisor choice and wish to ensure that our advisors have a full range of leading tools."
IFP Plan Advisors has more than 150 advisors supporting 1,400 retirement plans and $35bn in plan assets under advisement.
