We are proud to have been selected by The Bank of Missouri and look forward to providing their clients with a unique retirement plan experience - helping to reduce administrative burden with significant cost savings
East Windsor, NJ (Vocus) October 28, 2008
ExpertPlan, the leading provider of private label recordkeeping plan solutions, announced it has been selected by Columbia, MO-based The Bank of Missouri to provide both recordkeeping and administrative services to the bank's existing and future retirement plan business.
Under the partnership, ExpertPlan will design a fully-branded, private label 401(k) product featuring the bank's custom investment portfolios while the bank's sales force will be able to offer its clients access to ExpertPlan's full range of retirement plan design products.
"We are proud to have been selected by The Bank of Missouri and look forward to providing their clients with a unique retirement plan experience - helping to reduce administrative burden with significant cost savings," noted Ross Brown, Senior Vice President, Sales and Relationship Management.
"We chose ExpertPlan because of their experience in working with regional banks in helping to implement cost-effective outsourcing administrative solutions for our clients," said The Bank of Missouri's Terrence ("Terry") Seboldt, Accredited Investment Fiduciary and Senior Vice President Trust & Investment Officer.
ExpertPlan Inc., headquartered outside of Princeton, New Jersey, is the premier provider of private-labeled recordkeeping solutions to asset management firms, TPAs, RIAs, broker dealers, insurance companies, CPAs, payroll companies, accountants and banks that serve 401(k) and other defined contribution plans. The firm's scalable recordkeeping solution can be customized to fully integrate with a client's business and distribution models. For more information about ExpertPlan, visit http://www.ExpertPlan.com.
About Bank of Missouri
The Bank of Missouri received its charter in 1891 as The Bank of Perryville. In 1997, the bank changed its name to The Bank of Missouri and expanded its services to other markets. The Investments & Retirement Planning Group, headquartered in Columbia, MO, was established in 2005 and received its state charter which granted the bank full trust powers in September 2005. The bank staffed the new department with seasoned veterans of the investment and trust business with more than 60 years of combined experience. The department has attracted new business since its inception and has grown to over 350 accounts in less than three years. For more information about The Bank of Missouri, visit http://www.BankOfMissouri.com.