Group, LLC, an innovative solutions provider for retirement plan
professionals, plan sponsors and participants in the 403(b) and 457(b)
space, has introduced AdvisorConnect to its suite of solutions and tools
for 403(b) and 457(b) retirement plans. AdvisorConnect is a support
network of plan sponsor-approved, registered financial professionals who
specialize in the public sector retirement space and has been designed
as a value-add to plan participants seeking customized financial
The new offering is found within FPS Group’s Investment
Provider Xchange (“IPX”) platform. One of the key components of IPX
is the My Financial Wellness Center, which uses digital engagement,
educational resources and professional support to help users make more
informed financial decisions about budgeting, investing, debt
elimination, retirement and other areas of financial planning.
Participants using the center have immediate access to AdvisorConnect.
“Retirement plan participants are proactively seeking more help in
meeting their financial objectives. Financial professionals have the
resources and ability to provide the help participants want, but they
need help connecting with one another,” said James Olson, Managing
Director of FPS Group. “That is where AdvisorConnect comes in, making it
easier for participants to identify and vet advisors who can help them
meet their goals.”
AdvisorConnect provides a network of vetted, plan-authorized financial
advisors within the My Financial Wellness Center. Employees can use
AdvisorConnect to set up a time to speak with an advisor to gain
personalized, one-on-one support for any stage of retirement planning.
AdvisorConnect also proactively encourages employees to make an
appointment through call-to-action emails, which can be sent with the
help of the employer. Employers can access advisor profiles, appointment
activity and a built-in support system.
“Participants can trust the information they are getting because the
advisors are thoroughly vetted through background checks, state
licensing requirements and more. There is complete transparency for
participants and employers, and it facilitates a much better
experience,” Olson said. “Last year, advisors and participants engaged
in over 25,000 face-to-face meetings as a result of the AdvisorConnect
solution, and we expect that number to grow exponentially in 2019. With
its ease of use and available resources, AdvisorConnect further
positions IPX as a disruptor in retirement planning.”
AdvisorConnect itself is free for employers and employees who use the
IPX My Financial Wellness Center.
To learn more about AdvisorConnect and to start benefiting from its
resources, please visit https://www.myfinancialwellnesscenter.com.
Provider Xchange (“IPX”) is a single-source, end-to-end solution for
providers in the 403(b) and 457(b) plan markets, offering the benefits
of a multiple-provider approach with the simplicity of a single
provider. IPX combines a technology platform for fund trading,
recordkeeping and online account access with a custom plan design and
consulting from a third-party administrator. Features include
transaction processing for contributions, distributions and participant
loans, aggregated participant data accessed via a single, robust web
portal and the ability to access mutual funds and annuities on one
platform. For more information, please visit www.ipxplatform.com.
About FPS Group
Group, LLC develops products and services designed to offer
retirement planning industry stakeholders innovative and efficient ways
to streamline processes, cut costs and improve their bottom line. FPS
Group offers the Investment Provider Xchange (“IPX”), providing RIAs
with a renewed entry point to the 403(b) market. The firm also
specializes in Paying Agent Services and Automatic IRA Rollover
Services, and offers custody and safekeeping, recordkeeping, tax
reporting, income collection, investment of cash balances and other
non-fiduciary activities. As a result, FPS clients are more efficient
and can offer improved functionality and responsiveness to their
clients. For more information, please visit www.fpsgroupllc.com.