Principal Financial Group Inc. has merged the teams that have been supporting retirement plan consultants and independent registered investment advisors.
Integrating the groups will help Principal improve service for consultants and for the RIAs who serve large and midsize plans, according to Principal, Des Moines, Iowa.
"Consultants and RIAs would rather work with a limited number of provider relations professionals, and they expect those professionals to have broad industry expertise and knowledge," says Doug Grove, Principal's national sales director for retirement investor services.
Chris Blair is the leader of the new team. Other members include Todd Dunaway and Cynthia LeMay.
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