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Products August 8, 2011
Executives Purchase MBM Advisors from Sterling Bank
August 8, 2011 (PLANSPONSOR.com) – MBM Advisors has been purchased from Sterling Bank by Chairman Donald R. Black, CEO Lindsey A. Black and President Robert L. Burnam.
Reported by PLANSPONSOR staff
The three executives, who previously held similar positions with MBM Advisors, Inc., will continue to lead the company as an independent advisory firm. As Registered Investment Advisors, principals at MBM have global capabilities for investment selection and monitoring as well as retirement plan design and compliance, and will continue to serve their clients in the same capacity with their retirement plans and investment services, a press release said.
Formed in 1966, MBM Advisors provides investment management and recordkeeping to corporate retirement plans, and has more than $1 billion in assets under management.
“Our management team maintains a strong common commitment to provide quality services as both a Registered Investment Advisor and a record-keeper for our clients,” said Black, in the announcement. “We offer our clients investment, administrative, compliance services, and record-keeping solutions. MBM Advisors provides a healthy environment to build retirement wealth for our clients and their employees, in an atmosphere of stability and trust.”
-Sara Kelly