Category: In The Press

Powerhouse LA Team Joins Strategic Retirement Partners

Doug Bermudez and Erin Hall have joined Strategic Retirement Partners (SRP), a leading national retirement plan aggregator. Through their retirement plan consulting practice in the Los Angeles area, Bermudez and Hall work with organizations to drive overall retirement plan health with a focus on three pillars of service; fiduciary process, plan design and administration efficiency, and participant outcomes.

When asked why their team is making a move to SRP, Erin Hall states, “SRP has a passion and commitment to the retirement plan industry that perfectly aligns with what Doug and I have built with the Bermudez/Hall Retirement Group.”

Doug Bermudez added, “We’ve known the SRP team for a number of years. When the time came for us to make a move, we knew that SRP would provide the collaborative environment, back office operations, technology, and human capital we need to continue to deliver exceptional service to our clients.”

This partnership expands SRP’s footprint into the key market of Los Angeles and brings their offices to 19 nationwide. Additionally, as part of joining SRP, the Los Angeles based team will have the resources and strength of Global Retirement Partners (GRP) at their fingertips. Global Retirement Partners is a nationally recognized leader in the retirement plan consulting space, surpassing $38B in plan assets with over 4,200 plan clients.

Doug has over 25 years of tenure in the financial services industry and was with Wells Fargo Advisors since 2007. Erin joined Doug in 2012 after over a decade of working with corporate retirement plans. The team is leaving Wells Fargo Advisors, where they had been providing high-level service to both corporations and individuals through comprehensive financial advice.

“The commitment that Doug and Erin have shown to their clients and our industry is what initially caught SRP’s attention,” shared SRP’s Managing Partner, Jeff Cullen. “But what excites us more is their alignment with our culture and core values.”

 

About Strategic Retirement Partners
Strategic Retirement Partners is a nationwide independent retirement plan consulting services firm dedicated to providing guidance in decision-making and problem solving to employers and sponsors of retirement plans. With offices from coast to coast, Strategic Retirement Partners currently consults on over 720 corporate and non-profit plans and $10 billion in assets as of April 1, 2019.

 

 

Doug Bermudez, Erin Hall, and Jeff Cullen are registered representatives with and securities offered through LPL Financial, Member FINRA/SIPC. Investment advisory services are offered through Global Retirement Partners, an SEC Registered Investment Advisor. Global Retirement Partners and Strategic Retirement Partners (SRP) are separate entities from LPL Financial.

Global Retirement Partners employs (or contracts with) individuals who may be (1) registered representatives of LPL Financial and investment adviser representatives of Global Retirement Partners; or (2) solely investment adviser representatives of Global Retirement Partners. Although all personnel operate their businesses under the name Strategic Retirement Partners (SRP), they are each possibly subject to differing obligations and limitations and may be able to provide differing products or services.

Strategic Retirement Partners Expands in Texas

Ann-Marie Sepuka and her team have joined Strategic Retirement Partners (SRP), one of the leading retirement plan aggregators in the US. For over two decades, Ann-Marie has worked with companies to help them implement retirement plan solutions that give their employees the confidence in saving for retirement.

When asked why she is making a move now, Ann-Marie states, “I am constantly looking for new ways to add value to our loyal client base. SRP’s operational support and technology solutions allow my team to focus on what I love to do, which is find fresh new approaches for my current and prospective retirement plan clients, while feeling confident that those operational tasks are in the best hands. In addition, the advisor network at SRP offers an environment where collaboration amongst like-minded peers is the norm.”

As part of joining SRP, Ann-Marie will additionally have the resources and strength of Global Retirement Partners (GRP) at her fingertips. Global Retirement Partners is a nationally recognized leader in the retirement plan consulting space, surpassing $38B in plan assets with over 120 offices and 220+ of the country’s leading financial advisors.

Ann-Marie’s career in the financial services industry spans over two decades. She was an officer at First Union Bank in Miami and later managed her own tax-consulting firm, which focused on corporate tax accounting services. Ann-Marie then hung up her CPA hat and joined Raymond James & Associates as a financial advisor serving both corporate retirement plans and individual clients. She joined The Noble Group in 2006 to serve as manager of their Corporate Retirement Plan team.

“Ann-Marie and her team make a fantastic addition to SRP,” SRP’s Managing Partner, Jeff Cullen, shared. “She brings passion, honesty, and detailed approach to this work. Ann-Marie offers measurable outcomes and solutions to companies who are holistic about their benefit plans- employers who want to look beyond a traditional plan.”

About Strategic Retirement Partners
Strategic Retirement Partners is a nationwide independent retirement plan consulting services firm dedicated to providing guidance in decision-making and problem solving to employers and sponsors of retirement plans. With offices from coast to coast, Strategic Retirement Partners currently consults on over 720 corporate and non-profit plans and $10 billion in assets as of April 1, 2019.

 

 

 

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advisory services are offered through Global Retirement Partners, an SEC Registered Investment Advisor. Global Retirement Partners and Strategic Retirement Partners (SRP) are separate entities from LPL Financial.

Global Retirement Partners employs (or contracts with) individuals who may be (1) registered representatives of LPL Financial and investment adviser representatives of Global Retirement Partners; or (2) solely investment adviser representatives of Global Retirement Partners. Although all personnel operate their businesses under the name Strategic Retirement Partners (SRP), they are each possibly subject to differing obligations and limitations and may be able to provide differing products or services.

Elite Advisor Groups Unite

Global Retirement Partners, LLC (GRP) and Strategic Retirement Partners (SRP) announced on Monday, April 1st, a strategic partnership designed to leverage their respective company’s core competencies and create industry leading scale. This transaction will add 17 SRP offices with $10B AUM to GRP, LPL’s largest retirement plan focused hybrid RIA, with nearly $40B in AUM. This partnership will bring together two of the industry’s premier thought leaders and innovators. SRP will gain access to GRP’s cutting‐edge products and services, compliance expertise, and back office support. GRP advisors will have the ability to leverage SRP’s innovative Plan Advisor practice management platform and advisorcentric technology. SRP’s business model empowers advisors to focus on clients and growing their practices while the SRP team streamlines mandatory business functions.

Hailing the partnership as industry changing, GRP CEO Geoff White explains, “As margins continue to compress, and increased complexity becomes the new normal in the plan space, we know advisors are looking for much more from their RIA. They are looking for size and scale to obtain pricing efficiencies across products and technologies. They are looking for robust and differentiating solutions to identify new opportunities and revenue streams. Most importantly, they are looking for the technology and support that will allow them to streamline their office operations so they can spend more of their time winning business. This strategic partnership supplies that and much more. It’s a game changer.” White further adds “I have known Jeff Cullen for many years and have always been a big fan of him and what, under his leadership, SRP has built‐ our core values could not align better. Together, I have no doubt that we can really move the needle in this industry and take it to the next level. We’re very excited.”

SRP Managing Partner Jeff Cullen also sees this union as having a huge impact on the industry. “This is a small industry where the major players all know each other. In exploring our strategic partnership options, we were looking for a relationship where 1+1 could equal 3 for our clients, advisors, and the industry more broadly. We’ve always placed a high value on intellectual capital and values alignment and this partnership has it in abundance. Together, there’s no advisor’s practice or firm that we can’t aim to accommodate, improve upon, provide potential for better participant outcomes, and provide succession for the advisor. The experienced advisors and executive teams that make up the ownership and membership of these two entities are skilled and special. In our discussions, everything begins and ends with creating a better and more dignified retirement for America’s workers. That’s our North Star; taking care of people. We are confident that together, SRP and GRP, can fulfill that mission as well or better than any firm in our industry, and we intend to prove it.”

SRP officially registered with GRP on April 1st, 2019. Combined, the companies retain nearly $50 Billion in AUA, over 4,200 plan clients, making GRP one of the largest aggregators in the industry. But size and scale weren’t the only factors in deciding to partner, both firms were adamant that there was a cultural fit. SRP COO Deane Mayerhofer explains, “It was vital to both SRP and GRP that we were culturally compatible. It was a deal breaker for us. We spent a great deal of time together, both professionally and socially, exploring our respective cultures and evaluating how they would mesh. In the end, it was apparent to both groups that it was a perfect fit.”

 

About GRP
Global Retirement Partners is an SEC Registered Investment Advisor with 236 advisors in 125 offices nationwide. Headquartered in San Rafael, CA and known for industry thought leadership, GRP was established as Financial Telesis (FTI) in 1992 and became GRP in 2014 when FTI was acquired by a group of industry leading plan advisors. GRP maintains corporate offices in San Rafael and Carlsbad, CA.

About SRP
Strategic Retirement Partners is a nationwide independent retirement plan consulting services firm dedicated to providing guidance in decision‐making and problem solving to employers and sponsors of retirement plans. With offices from coast to coast, Strategic Retirement Partners currently consults on over 700 corporate and non‐profit plans and $10 billion in assets as of April 1, 2019.

 

 

 

Cosmo Gould, Geoff White and Jeff Cullen are registered representatives with LPL Financial. Securities offered through LPL Financial, Member FINRA/SIPC. Investment advisory services are offered through Global Retirement Partners, LLC, an SEC registered Investment Advisor. Global Retirement Partners, LLC and Strategic Retirement Partners (SRP) are separate entities from LPL Financial. Global Retirement Partners, LLC employs (or contracts with) individuals who may be (1) registered representatives of LPL Financial and investment advisor representatives of Global Retirement Partners, LLC, or (2) solely investment advisor representatives of Global Retirement Partners, LLC. Although all personnel operate their businesses under the name Strategic Retirement Partners (SRP), they are each possibly subject to differing obligations and limitations and may be able to provide differing products or services.

SRP Earns Fiduciary Excellence Certification

Strategic Retirement Partners is honored to announce our certification from the Centre for Fiduciary Excellence, LLC (CEFEX). This certification is only granted by CEFEX to firms that demonstrate adherence to fiduciary best practices. It is a hallmark accomplishment for Strategic Retirement Partners as it signifies conformity to a recognized global standard of fiduciary excellence.

Strategic Retirement Partners was subject to a rigorous, multi-month audit and certification process guided by the “Prudent Practices® for Investment Advisors”, an industry-recognized handbook that is grounded in law, regulation and professional best practices.

“CEFEX is pleased to add Strategic Retirement Partners to an elite group of investment advisors who have demonstrated adherence to professional practices that define a standard of fiduciary excellence,” said CEFEX Managing Director Carlos Panksep. “They have earned the right to use the CEFEX Mark which indicates the firm’s established practices are aligned with investors’ interests and worthy of trust and confidence.”

Jeffrey Cullen, Managing Partner and Managing Director, Great Lakes of Strategic Retirement Partners said, “Strategic Retirement Partners applied for CEFEX to verify our practice is trustworthy and transparent. Receiving the CEFEX certification, we uphold the global fiduciary standard. We embrace an orderly and efficient process, so we are positioned to help our clients make better business and financial decisions.”

Strategic Retirement Partners is certified for Investment Advisor Certification, which is registered and can be viewed at www.cefex.org.

CEFEX certification standards are substantiated by legislation, case law and regulatory opinion letters from the Employee Retirement Income Security Act (ERISA), the Investment Advisers Act of 1940, the Uniform Prudent Investor Act (UPIA), the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the Uniform Management of Public Employee Retirement Systems Act (UMPERSA) in the U.S. A full copy of the standard can be downloaded from CEFEX at www.cefex.org and a summary can be viewed by clicking on Strategic Retirement Partners online CEFEX certificate.

 

Powerhouse Retirement Advisory Practice joins SRP

Strategic Retirement Partners (SRP), one of the leading retirement plan aggregators in the US, announced today that White Oak Advisors, LLC has joined its team. This closes out a banner year for growth, with SRP’s advisors in 17 offices consulting on over 750 plans totaling assets of $11 billion.

Jim Robison, Founder of White Oak Advisors, LLC and SRP’s new Managing Director, Great Lakes, states: “We are thrilled to be joining Strategic Retirement Partners! Ric Clouse and I have known many of the Managing Directors for a number of years and have noted the national depth and breadth of consulting capabilities, dedication to the ongoing improvement in participant and plan sponsor outcomes, the scope of operational support for our office and clients, a strong cultural alignment and, most importantly, the strength of character of our co-owners.”

The White Oak team adds eight new colleagues to SRP’s ranks, including Jim Robison and Ric Clouse who will be Managing Directors in the Great Lakes region.

“White Oak Advisors has grown from a true start-up in 2004 to a firm providing consulting and advisory services to Plan Sponsors who have in excess of 70,000 Employees and $3.5 billion assets in their respective Plans,” said Jim Robison, Managing Principal for White Oak Advisors, LLC. “We have enjoyed our client relationships and the fulfillment of the services provided yet have observed a need for greater bench depth in certain service areas. Being with SRP addresses the team-depth challenges and allows us to work within a collegial, Managing Director owned environment in-which collaboration is encouraged and occurs.”

SRP’s Managing Partner, Jeff Cullen, shared, “We are extremely fortunate to have Jim, Ric, and the entire White Oak team on board with SRP. They have evolved their decades of retirement plan experience into a repeatable process that uniquely equips their clients to take their plans from an additional corporate expense into an optimized asset that can help facilitate corporate strategy.”

7 SRP MDs Named to FT 401 Top Retirement Plan Advisors

Strategic Retirement Partners is pleased to announce that seven Managing Directors; Kristen Deevy (Colorado), Craig Dewey (Virginia), Mark Forbes (Oklahoma), Lisa Petronio (New York), Mike Pierce (Maryland), Phil Senderowitz (Florida), and James Worrell (Rhode Island) have been named to the 2018 edition of the Financial Times 401 Top Retirement Advisers. The list recognizes the top financial advisers who specialize in serving defined contribution (DC) retirement plans, such as 401(k) and 403(b) plans, across the US.

SRP’s 2018 FT 201 Top Retirement Plan Advisors

This is the fourth annual FT 401 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the asset management industry.

The FT 401 is one in a series of rankings of top advisers developed by the FT in partnership with Ignites Research, including the FT 300 (independent RIA firms) and the FT 400 (broker-dealer advisers).

“Each of these advisors is dedicated to creating the best possible retirement outcomes,” said Jeff Cullen, Managing Partner of Strategic Retirement Partners. “We are honored that their commitment to clients, participants and the industry has been recognized by Financial Times.”

Financial advisers from across the US applied for consideration, having met a set minimum of requirements. The applicants were then graded on six criteria: DC assets under management; DC plan growth rate; specialization in DC plans; years of experience; advanced industry credentials; and compliance record. There are no fees or other considerations required of advisers who apply for the FT 401.

The final FT 401 represents an impressive cohort of elite advisers: the “average” adviser in this year’s FT 401 has 20 years of experience advising DC plans and advises $1.26 billion in DC plan assets. The FT 401 advisers hail from 38 states and Washington, D.C., and DC plans on average account for 81% of their practices’ total assets.

The FT 401 is one in a series of rankings of top advisers developed by the FT in partnership with Ignites Research, including the FT 300 (independent RIA firms) and the FT 400 (broker-dealer advisers).