Two industry organizations representing retirement plan service providers and asset managers have reorganized as single non-profit.
The Society of Professional Asset-Managers and Record Keepers (SPARK) and The SPARK Institute jointly announced on Friday that 10 retirement plan industry members of the SPARK Institute funded the purchase of the two organizations from Robert Wuelfing, president of RG Wuelfing & Associates Simsbury, Conn.
The merged entity will operate as The SPARK Institute. Wuelfing steps down as president but will continue as executive director of the new organization, the institute says.