Invesmart Adds VP, Institutional Sales; Sales Force Grows in Response to RightPath Demand.PITTSBURGH -- Invesmart, Inc., the national retirement financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm, announced the hiring of Scott Parry as Vice President of Institutional Sales. Merry Abeel and Jeff Hurst have also joined Invesmart as Regional Sales Consultants. "Scott is a well-known innovator in retirement plan services and we believe he is the right person to help us take RightPath to regional and national level partners," said Kent Baur, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Invesmart Advisors. "We're also delighted to have Merry and Jeff join us, bringing their experience and talent to the team." Invesmart sees banks, RIAs, broker-dealers and benefits consulting firms as a good fit for RightPath, which is built around the firm's investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and managed accounts. K.C. Cannon, VP/National Sales Manager, seconds Baur's enthusiasm; "We're excited to be welcoming Merry and Jeff, two seasoned professionals, to our national selling team. And, we're looking forward to Scott's ability to add distribution by opening doors to new institutional relationships." Mr. Parry comes to Invesmart from Ameritrade, where he launched and grew the firm's Retirement Services Group to become the leading third-party provider of self-directed brokerage to the 401(k) industry. He also helped create Amerivest, an online advice center, Ameritrade's ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). Center and a series of automated 401(k) rollover A graphic element in an application or on a Web page that changes its color or shape when the pointer is moved (rolled) over it. See JavaScript rollover. See also n-key rollover. solutions for plan providers. Prior to Ameritrade he was an executive with Nelson Information, a division of Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings , where he marketed one of the 401(k) industry's first online advice centers. Merry Abeel will cover Washington and Idaho from Invesmart's Seattle office. She was most recently with Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , where she was vice president and client manager for global wealth and investment management. Ms. Abeel's career also includes positions as managing director with Safeco Life & Investments and senior plan consultant with Fidelity. Jeff Hurst will be based in Invesmart's Cleveland office covering Northern Ohio and parts of Indiana and Illinois. He joins Invesmart from Charles Schwab & Co., Inc., where he worked 12 years in positions spanning retail brokerage, regional marketing and institutional sales. Before Schwab he worked in sales at Merrill Lynch and Smith Barney. Invesmart's recent growth is attributable largely to the fast success of its RightPath program, which currently has more than 170 plans converted or in the process of converting.. RightPath offers retirement plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. convenient access to savings planning and investment management that's integrated within the DC sign-up process and the option to delegate management of their account to investment advisors acting in a fiduciary capacity. The program has proven to change participant behavior for the better, with nearly 60% of participants choosing RightPath's fee-based discretionary advice alternative and 45% more than doubling the amount of their contributions. About Invesmart Invesmart, Inc. is a national full-service retirement financial services firm. Invesmart combines one-on-one, personalized service and technology to help financial service intermediaries advise companies of all sizes in establishing and administering retirement plans. Invesmart provides investment advisory services through Invesmart Advisors, Inc. and brokerage services through Invesmart Securities, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . Invesmart, Invesmart Advisors and Invesmart Securities are wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Invesmart, Inc., a Delaware corporation. Invesmart Advisors' relationship as co-fiduciary to the plan and/or to the participant is governed by the terms and provisions of a contractual agreement executed by Invesmart Advisors and the plan sponsor or the participant. Invesmart, Inc. and/or its affiliates do not retain any fund-related reimbursements for any of its investment advisory programs and do not offer any proprietary investments. Invesmart represents 4,000 retirement plans. Headquartered in Pittsburgh, Pennsylvania, the firm has 20 sales and service locations. Visit Invesmart's website at www.invesmart.com. |
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