Chicago, IL (PRWEB) June 12, 2014
The Board of Directors of Castle Rock Innovations today announced the appointment of Joseph Masterson as an independent director of the firm, effective immediately.
“As our core product, AXIS Retirement Analytics PlatformTM, goes through its tremendous growth, Joe’s extensive experience in the retirement space will add a valuable perspective to our Board of Directors,” said Khash Sarrafi, CEO. “We appreciate his willingness to serve as a director and look forward to benefitting from his judgment and counsel.”
Mr. Masterson is the retired Senior Vice President and Chief Marketing Officer of Transamerica Retirement Solutions, Inc. As a member of the Transamerica Retirement Solutions Senior Leadership Team he was responsible for sales growth at double the industry average growth rate. He is a frequent speaker, author and innovator on retirement plans, alternatives, custom target date solutions, fee disclosure, fund revenue equalization, asset allocation strategies, savings, investments and business growth strategies.
Previous to his role at Transamerica he was the founder, Senior Vice President, Chief Sales and Marketing Officer and member of the Diversified Executive Committee. Responsible for the design and execution of the rapid growth strategic plan resulting in pension industry leadership positions in 403(b), 401(k), DB, Administrative Services and NQDC, he was responsible for innovative positioning contributed to asset growth from $6 billion to $71 billion in assets serviced and sales close ratios far above industry averages. His compliance experience includes the Office of Supervisory Jurisdiction (OSJ) for sales, marketing and client management. Global experience includes advising the UK pension regulators on participant services, Chinese, French, Dutch, UK, and Hungarian retirement executives on the DC market.
The AXIS Retirement Analytics PlatformTM is the industry’s only comprehensive option that provides automated retirement plan data aggregation and distribution, 408(b)(2) & 404a-5 Disclosure module, extensive reporting, & On-Demand Benchmarking. Plan & fee data populates a dashboard tracking Plan changes & ensuring the most current plan information. Additionally, the AXIS Retirement Platform can be used for data mining and consulting projects.
“It is great to be associated with a firm that helps so many organizations solve their disclosure, benchmarking and data aggregation issues. Non-compliance with required disclosure is of concern to many senior executives and compliance officers. Castle Rock's solutions are highly cost effective with a minimum of client IT resource allocation.” said Joe Masterson.
About Castle Rock Innovations and AXIS
Castle Rock Innovations has been serving the financial industry for over 20 years by providing our clients with technology that improves efficiency and creates value. In anticipation of 401(k) fee disclosure regulations that were introduced in 2012 by the Department of Labor, Castle Rock innovations developed the Axis Retirement Analytics Platform ™, a real-time, web-based platform that allows retirement broker-dealers, record keepers, banks and retirement plan fiduciaries to view their entire retirement book of business in one location and manage their compliance and operations. Today the Axis Retirement Analytics Platform ™ is an industry leading product used by 13 of the top 20 broker dealers in the nation and more than 105 clients. AXIS currently has automated connectivity to over 75+ Record Keepers and Insurance companies and provides a zero touch automated solution to the largest data sources.
Castle Rock Innovations Inc. is a privately owned and operated corporation with headquarters in Chicago Illinois and offices throughout. Our company has been recognized by Inc500 as one of the fasted growing private companies. http://www.axisretirement.com