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Products April 22, 2010
New Alliance Centers on IRA Offerings
April 22, 2010 (PLANSPONSOR.com) – Inspira, a Pittsburgh‐based provider of turnkey private‐labeled IRA solutions, is joining forces with daily valuation recordkeeping firm RiversEdge Advanced Retirement Solutions.
Reported by Fred Schneyer
A news release said Inspira will be performing automatic and voluntary rollover services for RiversEdge and its clients and will also provide RiversEdge with SEP and SIMPLE retirement program offerings. Meanwhile, RiversEdge clients will now be able to offer their participants an IRA solution through their own private‐labeled Web portal, call center, and marketing outreach program.
According to the announcement, the alliance represents Inspira’s sixth new strategic partnership in the past month. The partnership gives RiversEdge access to the $4.3-billion IRA marketplace.
Using Inspira’s solution means RiversEdge clients will have access to Inspira’s offering, which captures lost participant revenue and affords them the ability to utilize the same investment methodology from account‐opening through retirement, the companies said.
Inspira founder Lowell Smith Jr., has 27 years of experience in the retirement and financial services industry, including nine years with the United States Department of Labor.
More information is at http://www.inspirafs.com or http://www.RiversEdgeRet.com.