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September 01, 2016 at 01:11 AM
Pensionmark says a group that works with retirement and benefit plans and has over $1 billion in client assets is now an affiliate.
Meridien Financial Group, which offers consulting, investment and others services to plan sponsors of 401(k), 403(b), pension and other qualified retirement plans, as well as nonqualified executive and corporate benefit plans, joined its network in Providence, Rhode Island. It has more than 400 corporate clients in New England.
“Pensionmark offers us leading technology, enhanced tools and excellent fiduciary solutions needed to better serve our clients,” said Michael Balasco, principal and president of Meridien, in a statement.
“We are excited to work with … Pensionmark, especially in sharing best practices that we can in turn provide to our retirement plan clients,” Balasco explained.
Other Moves
Meanwhile, Integrated Inc. Wealth Advisors has signed on to use National Planning Corp.’ broker-dealer and advisory platforms.
Integrated, an independent financial advisory practice based in Edina, Minnesota, has about $255 million of commission- and fee-based advisory client assets. It will align with the office of supervisory jurisdiction run by Douglas Ritter, a National Planning Corp.-affiliated entity, for additional back- and middle-office support services.
“We are pleased that after their extensive search for a new broker-dealer, the Integrated team has chosen to transition to NPC,” said John Johnson, president and chief executive officer of NPC, in a statement.
“We look forward to providing Integrated with the freedom they were seeking to provide their clients with outstanding independent advice and product solutions they can sincerely believe in,” Johnson said.
In addition, Ladenburg Thalmann-owned (LTS) Securities America says it is now the affiliated broker-dealer for the newly formed Midtown Financial Advisors of Greensboro, North Carolina.
