麻豆社 Retirement Plan Services
The latest growth frontier within reach
For advisors looking to expand their client base, finding a firm that offers new avenues of growth is key. With changes in the way people work and live over the past several years, the workplace stands as the new frontier of business growth. 麻豆社 makes it easier for financial advisors to tap into this growing market with a dedicated business division鈥擶orkplace Wealth Solutions (WWS).
For advisors looking to expand their client base, finding a firm that offers new avenues of growth is key. With changes in the way people work and live over the past several years, the workplace stands as the new frontier of business growth. 麻豆社 makes it easier for financial advisors to tap into this growing market with a dedicated business division鈥擶orkplace Wealth Solutions (WWS).
As part of 麻豆社鈥檚 innovative business model, WWS partners with 麻豆社 Advisors to acquire and manage retirement plan sponsor clients. We help ensure that fiduciary obligations owed to a plan as a financial advisor are met, whether or not the particular Advisor has specialized retirement plan accreditation.
WWS collaborates with corporate clients to deliver customized solutions for programs such as financial wellness, retirement, equity plans and institutional consulting. Offering business-to-business as well as business-to-client services, WWS is one of the largest sources of wealth management referrals at 麻豆社 today.
See a short video about 麻豆社 Workplace Wealth鈥檚 referral engine
See a short video about 麻豆社 Workplace Wealth鈥檚 referral engine
A rewarding collaboration
This is what a recently joined 麻豆社 Financial Advisor from our NYC office discovered when he recently joined 麻豆社 and inherited a $25 million retirement plan client from a retiring colleague. While Sanders had a wealth of experience in other areas of financial advising, he was new to retirement plan solutions and didn鈥檛 want to risk losing this client鈥攕o he reached out to our Retirement Plan Services聽(RPS) team.
Together with the聽RPS Sales and Service team鈥攁n in-house support team part of our broader Workplace Wealth Solutions group鈥攖he Advisor was able to retain the client by reducing costs and providing a greater range of plan investments. 鈥淒ue to the level of service, I was able to retain the account without needing to be individually accredited in retirement solutions,鈥 he explains. 鈥漈his team handles the day-to-day plan servicing and I share in the revenue. It鈥檚 a beneficial partnership built into your move to 麻豆社. This is now where I鈥檓 focusing my business growth.鈥
麻豆社 offers a built-in partner for solutions and expertise around retirement planning.
A market with exponential growth
Employees are increasingly looking to their companies for help with everything from retirement to financial wellness to equity awards management. With the passage of the SECURE 2.0 Act of 2022 and an increasing number of states requiring employee for retirement plan coverage across the US, the retirement business is positioned to grow exponentially in coming years. Legislation and local requirements are aimed at closing the retirement 鈥渃overage gap鈥濃攖wo-thirds of Americans don鈥檛 have the opportunity to save for retirement due to lack of access to company retirement plans.1
The U.S. retirement market is projected to reach one million plans by 2030鈥攁 66% increase from the end of 2023鈥攄ue to the legislation.1
Two ways to expand your business
Our Workplace Wealth Solutions team positions 麻豆社 Advisors to acquire and maintain retirement plan sponsor business accounts. The RPS Sales & Service team acts as your built-in partner, offering as many or as few resources as you need while setting up and managing your client鈥檚 retirement plan.
Together, we work with you to offer investment fiduciary services tailored to your client鈥檚 specific needs, whether that鈥檚 simply consulting services or custom discretionary and non-discretionary advisory programs.
If you want to grow your wealth management business, consider growing your retirement plan business.
麻豆社 looks to expand your book of business in two ways:
- By enabling you to add new business clients to your portfolio and then providing appropriate products and solutions to those accounts.
- By providing support that empowers you to engage with the employees of these companies and support their financial well-being goals.
This unique opportunity not only enables 麻豆社 Advisors to expand their retirement business, but also strengthens participant relationships鈥攑ositioning advisors to identify and support future Wealth Management needs. Plus, you have access to resources from one of the world鈥檚 leading wealth managers, including the Wealth Advice Center for client referrals with under $1 million in investable assets.
Flexibility in how you work with us
More business eyes are on retirement plans than ever before, and 麻豆社 can support you. If you want to start to specialize in retirement plans, we can guide you by providing access to training materials and professional courses. If you don鈥檛 prefer to specialize in retirement plans, we鈥檒l continue to partner with you. 麻豆社 Advisors enjoy continuous educational support and resources from the team, including digital resources and webinars.
If you鈥檝e been considering moving and expanding your business, 麻豆社鈥檚 comprehensive retirement solutions team is just one of the myriad benefits you鈥檒l enjoy. Get in touch with a field leader or request a live consultation to learn more about 麻豆社鈥檚 unique services and benefits firsthand.
See a short video highlighting the 麻豆社 Retirement Plan Services offering
See a short video highlighting the 麻豆社 Retirement Plan Services offering
To learn more about joining one of the world鈥檚 leading global wealth managers, submit your contact information to be connected with a Field Leader.听
To learn more about joining one of the world鈥檚 leading global wealth managers, submit your contact information to be connected with a Field Leader.听