September 15, 2016
Strategic Retirement Partners is pleased to announce that four Managing Directors; Jeffrey Cullen (Illinois), Todd Lohman (Iowa), Kelly Majdan (Arkansas) and Shannon Maloney (Michigan) have all been named to the 2016 edition of the Financial Times 401 Top Retirement Plan Advisors.
The list recognizes the top financial advisors who specialize in serving defined contribution (DC) retirement plans. This is the second annual FT 401 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on asset management. Majdan has been named to the list for the two years it has been in existence.
Shannon, Managing Director of Strategic Retirement Partners, Michigan, says “The award is a source of great pride for our firm. It shows our dedication to having the most passionate, dedicated professionals serving our clients and their employees. Each of these advisors is dedicated to creating the best possible retirement outcomes for the companies and employees that they work with and for. We are honored that their commitment to clients, participants and the industry is recognized.”
Financial advisors from across the broker-dealer and RIA channels applied for consideration, having met a set minimum of requirements. The applicants were then graded on seven criteria: DC assets under management; DC AUM growth rate; specialization in DC plans; years of experience; DC plan participation rate; advanced industry credentials; and compliance record. There are no fees or other considerations required of advisors who apply for the FT 401.
Once again, the final FT 401 represents a cohort of elite advisors: the “average” advisor in this year’s FT 401 has 18 years of experience advising DC plans and manages $950 million in DC plan assets. The FT 401 advisors hail from 41 states and Washington, D.C., and DC plans on average account for 74% of their assets under management.
The FT 401 is one in a series of rankings of top advisors developed by the FT in partnership with Ignites Research, including the FT 300 (independent RIA firms) and the FT 400 (broker-dealer advisers).
Arkansas & Southern Missouri