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Large Retirement Book is migrated by Aspire Financial Services and PartnersTAMPA, Fla., March 20, 2017 /PRNewswire/ -- Aspire Financial Services, a leading service provider of recordkeeping and related business process solutions to the retirement industry, is pleased to announce that it has completed the assignment and transition of over 2,000 plans, 18,000 Participants, and $1B in assets. Using Aspire's best-of-breed BPO model, Aspire partnered with DWC ERISA Consultants, Broadridge Matrix and Envestnet Retirement Solutions to offer Plan Sponsors and Financial Advisors/Broker Dealers a fully integrated and flexible retirement program capable of supporting full compliance with the pending DOL regulations. "What got us excited about migrating a large book is the opportunity to leverage Aspire's capabilities, service framework and key partners to provide a cost-effective retirement solution that addresses DOL compliance requirements for our new Broker Deaer clients, reduces fiduciary risk for Plan Sponsors and enhances Participant outcomes," said Mark Agustin, President and COO of Aspire. Mr. Agustin added, "With the help of our partners, we were collectively able to mobilize our solution and transition the book in less than five months." Cindy Dash, Matrix's General Manager and SVP stated, "Aspire is a long-term partner of ours and together with this type of solution we are both helping the industry innovate." A block migration of this magnitude demonstrates Aspire's capability to effectively manage large-scale business via acquisition or outsourcing through technology capabilities and a regimented onboarding process for block deals. Aspire worked with over 150 broker dealers and 1,700 Financial Advisors to complete this migration to Aspire's InvestLinkSM platform. As part of the migration, Aspire and team instituted a number of enhanced features including a fee-based structure and a revenue-sharing model, as well as a 3(38) offering. Aspire—Delivering Smart Retirement Solutions Press Contact To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/large-retirement-book-is-migrated-by-aspire-financial-services-and-partners-300425885.html SOURCE Aspire Financial Services |