FPS Group Enhances Recordkeeping Platform

FPS Group has recently appointed two former retirement planning professionals to support a renovated recordkeeping product focused on the 403(b) and 457(b) markets.

Troy Dryer and Darlene Dailey will manage Investment Provider Xchange (IPX) in its growth and expansion, each assuming the role of vice president of business development.

The platform, which offers custody, recordkeeping and administration to investment product providers within the 403(b) and 457(b) markets, is said to enhance the client’s experience in the public sector retirement planning space.  The product will streamline “the requisite custody, trust, trading and administrative services” of both markets, according to FPS Group. Among the solutions provided are participant enrollment, investment transparency, transactions processing and increased plan oversight.

Previously, Dryer served as an institutional retirement plan consultant with  Prime Capital Investment Advisor, while Dailey joins the company from AXA U.S., where she held the position of regional vice president. According to FPS Group, both have 30 years of experience in the 403(b) plan market.