NEXT Financial Group continues its success using the Castle Rock Innovations' AXIS Retirement Analytics Platform

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AXIS Retirement Analytics Platform has provided the firm with the ability to analyze their plan universe.

Axis Retirement Analytic Platform

NEXT Financial Group has been using Castle Rock Innovations’ (CRI) AXIS Retirement Analytics™ platform ( for data aggregation, 408(b)(2) fee disclosure, and benchmarking services for over a year now and has been extremely pleased with this collaborative partnership.

According to Marco Fuentes, Chief Compliance Officer, “NEXT Financial Group, like many Broker/Dealers, was faced with the challenge of identifying the numerous external administrative platforms where ‘held away’ retirement plans were located. Through AXIS Retirement Analytics™ data retrieval process we can now precisely archive our book of retirement plans which better positions NEXT Financial to comply with Department of Labor fee disclosure requirements. Additionally, the AXIS system’s Fee Benchmarking capability provide our Advisors a valuable sales tool as well as a resource to assist plan sponsor clients to reliably gauge the reasonableness of their plan fees.”    

Khash Sarrafi, Chief Executive Officer of Castle Rock Innovations, adds, “Since the DOL fee disclosure regulations were enacted in 2012, CRI has worked closely with numerous Broker/Dealer firms throughout the country. AXIS Retirement Analytics™ is designed to electronically interface with many of the Covered Service Provider platforms that provide plan recordkeeping and other administrative services. In doing so, the process of creating a definitive accounting of plan information becomes achievable. We are pleased to have partnered with NEXT Financial Group and look forward to working closely with them to address their retirement plan needs and objectives.”

About AXIS Retirement Analytics Platform™
AXIS Retirement Analytics™, a product developed by Castle Rock Innovations, is a web-based platform that provides analytics and benchmarking to support the new 408(b)(2) regulatory fee disclosure reporting requirements, as well as 404(a)(5) Participant Fee Disclosure Notices. Broker-Dealers, RIA’s, Record Keepers and TPA’s utilize AXIS to ensure compliance, understand current data trends, and gain expertise in a magnitude of issues around retirement disclosure scenarios. Visit for more information.

About NEXT Financial Group, Inc.
NEXT Financial Group, Inc. is a truly independent broker/dealer. They are a unique firm founded, owned, and managed by their representatives. It is designed to serve the best interests of their representatives; people who share a passion for investing and the desire to be an owner of a company they believe in. NEXT Financial does not offer any proprietary products nor are representatives required to sell any particular products enabling representatives to provide truly unbiased financial advice in the best interest of their clients. For more information, please go to

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Khash Sarrafi
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