RSI In The News
RolloverSystems expands distribution with creation of new sales positions.
RolloverSystems, LLC. (RSI), an independent provider of rollover services for retirement plan sponsors, third party administrators (TPAs), advisors and their terminated plan participants, is boosting its distribution capabilities with the appointment of two new regional sales directors.
The additions will enable RSI to extend its reach and make its services available to more TPAs and others serving the retirement plan community.
"TPAs are increasingly looking to rollover service providers as a way to provide value added services to plan sponsor and advisor clients and to improve the efficiency of their business at the same time,” said Chief Marketing Officer Jim Langenwalter. “The creation of these two new positions will enable us to increase awareness of the advantages of independent rollover servicing. And it enhances our ability to help TPAs, recordkeepers, advisors and others implement rollover services for their clients."
The new regional sales directors are:
- Rick Meyeres, who is responsible for the western region. Meyeres is the former founder and president of Western Benefit Partners Inc., a consulting firm and broker-dealer. Previously, he worked for Prudential Retirement for 21 years in a number of positions, including vice president of regional sales and senior relationship manager. He has built top producing sales teams in various retail brokerage and independent consulting firms, developed new business functions, and managed sales and relationships with key clients, consultants and financial advisors. Rick is an accredited investment fiduciary and is completing his Certified Pension Consultant designation through ASPPA.
- Steve Trow, who is responsible for the central region. A more than 20-year veteran of the retirement industry, Trow has held sales director positions with Massachusetts Mutual Life Insurance Co. and other financial services firms. In these roles he has managed national sales teams, developed and implemented new products and services, and sold unbundled pension products through agents, consultants, TPAs and financial advisors. Steve is a graduate of California State Polytechnic University.
Meyeres and Trow will help RSI respond to increased demand for its services among TPAs who see rollovers as an extremely effective way to better manage their day-to-day activities and attract new client prospects, while simultaneously helping plan sponsors reduce cost and risk.
RSI's terminated participant rollover service helps TPAs to reduce the number of terminated accounts in a plan, which alleviates time, costs and exposure to risk for their firms and their plan sponsor clients. RSI also helps TPAs to build the wealth management practices of their advisor clients, while keeping participants invested in retirement.
For example, RSI can screen terminated participant accounts and identify those that meet the account threshold set by the advisor. RSI will refer those accounts to the advisor, who can support those participants through his/her own rollover process. RSI, meanwhile, will provide notification, advice from licensed professionals, access to high-quality IRA solutions, and assistance with rollover, transfer, or distribution processes through its Retirement Center to the remaining terminated participants.
TPAs, recordkeepers, and advisors can learn more by watching a free, on-demand webcast, available at RSI Webcast Link: Industry Leading TPAs Share Their Experiences With RSI, which explores how TPAs can simultaneously improve their efficiency, strengthen their relationships with plan sponsors, and help advisors build their participant retail businesses by using RSI's proven rollover services.