Albert Lea, MN (PRWEB) April 02, 2015
The PLANADVISER Top 100 Retirement Plan Advisers is an annual listing of adviser individuals, teams and multioffice teams that stand out in the industry in terms of a series of quantitative measures. These include the dollar value of qualified plan assets under administration (AUA), as well as the number of plans under advisement. The list also includes advisers who have more than 30% of their practice focused on 403(b), defined benefit (DB) or nonqualified deferred compensation (NQDC) plans.
This year’s qualification standards—which rise nearly every year—have escalated considerably from 2014’s. Individuals had to either have at least $750 million in AUA or serve 105 or more plans; teams needed to advise at least $2.25 billion in assets or a minimum of 145 plans; and multioffice teams were required to oversee $10 billion in plan assets or 400 or more plans.
The 2015 PLANADVISER Top 100 Retirement Plan Advisers list is available online here. It was printed in the January–February issue of PLANADVISER magazine, and the advisers named to the list were honored at the annual PLANSPONSOR/PLANADVISER Awards for Excellence dinner on March 31. Please visit the event page for more information.
The 2015 PLANSPONSOR Retirement Plan Adviser of the Year Finalists reflect what is considered to be the evolving best practice standard by the PLANADVISER editorial and judging team. This year’s finalists have a majority of their business revenue derived from employer-sponsored retirement plans; serve as a fiduciary to client plans; show a commitment to fee-based compensation; and use replacement rate or outcome-based metrics of plan success with clients, among other benchmarks. The focus of the award has remained relatively consistent over the years—to identify the nation’s best advisers who help make retirement security a reality for workers across the nation. There are 18 finalists for 2015, spread across individual adviser, adviser team and multioffice adviser team categories. This year, ABGFS is among seven other finalists in the Adviser Team category.
PLANADVISER Top 100
To be considered for the annual PLANADVISER list, advisers had to either submit information and references or be nominated and enter the award process for the 2015 PLANSPONSOR Retirement Plan Adviser of the Year—individual, team or multioffice team. Applicants were then asked to complete a form, providing various details about their practice; advisers could also submit such information unsolicited, although not to be considered for the awards. The PLANADVISER Top 100 Retirement Plan Advisers list is based solely upon a set of quantitative factors and information supplied by the advisers themselves.
PLANSPONSOR Retirement Plan Adviser of the Year
To be considered for the Retirement Plan Adviser of the Year Award, nominated advisers who decided to enter the competition were asked to choose from three categories: an individual adviser is a single adviser with one group of clients; a team is a group of two or more advisers in one office location who collectively serve one group of clients, share relationships and sales, and use the same client support team; a multioffice team is a group of two or more advisers across multiple office locations who share support staff and follow the same guidelines and procedures to serve clients.
This year, in order to be selected as a finalist, advisers had to meet requirements, set by the PLANADVISER editorial and judging team, that reflect what is considered to be the evolving best practice standard.
Alliance Benefit Group Financial Services, Corp. (“ABGFS”) is a private family-owned firm with a core focus in employee benefit consulting services including retirement plan services, group insurance programs and wealth management. Headquartered in Albert Lea, MN, ABGFS provides consulting services to nearly 80,000 participants in more than 150 plans representing nearly $2.4 billion in assets under management. The firm is part of a national network of independently owned retirement plan consulting, investment advisory, health and welfare consulting and benefits administration firms that operate as licensees of Alliance Benefit Group, LLC. Collectively, Alliance Benefit Group provides administrative services to over 13,000 plans representing more than $51 billion in assets and over 1 million plan participants.