Compass Financial Partners Recognized as a Finalist for the 2015 PLANSPONSOR Retirement Plan Adviser Team of the Year
Greensboro, NC - March, 2015 — Compass Financial Partners was honored to be recognized at the annual PLANSPONSOR/PLANADVISER Awards for Excellence celebration on Tuesday, March 31st in New York City as a Finalist for the 2015 PLANSPONSOR Retirement Plan Adviser Team of the Year Award. The event showcased the very best practices from the nation’s very best advisers, adviser teams, and multi-office teams, who—by their example—help set new standards for excellence in working with and advising workplace retirement plans. Compass Financial Partners was the only Firm in the Southeast to receive finalist recognition in the team category.
The 2015 PLANSPONSOR Retirement Plan Advisers of the Year finalists are men and women, teams, and nationwide firms who have demonstrated leadership and a commitment to excellence for their retirement plan sponsor clients and participants. This year in order to be selected as a finalist, advisers had to meet requirements, set by the PLANADVISER editorial and judging team, that reflect what is considered to be the evolving best practice standard. Advisers must: have a majority of their business revenue derived from employer-sponsored retirement plans; serve as an investment fiduciary to client plans; show a commitment to fee-based compensation; and use replacement rate or outcome-based metrics of plan success with clients, among other benchmarks.
In addition Compass Financial Partners was also named to the 2015 PLANADVISER Top 100 Retirement Plan Advisers listing. This year’s qualification standards - which rise nearly every year - have escalated considerably since 2014’s. Individuals had to either serve 105 or more plans or have at least $750 million in AUA; teams needed to advise at least $2.25 billion in assets or a minimum of 145 plans; and multi-office teams needed to oversee $10 billion in plan assets or 400 or more plans.
PLANADVISER Top 100
To become eligible for this annual listing—which is based on purely quantitative measures—advisers had to either submit information and references for their practice or be nominated and enter the awards process for the 2015 PLANSPONSOR Retirement Plan Adviser of the Year*—individual, team or multioffice team. Award nominations were solicited online from retirement plan advisers; their employers and/or broker/dealers (B/Ds); plan sponsors; and working partners of the advisers such as investment vendors, accountants, attorneys and pension administrators. Nominees were then asked to complete a form to provide various details about their practice, some of which appear here. Advisers could also submit such information unsolicited, although not as a means to be considered for the awards. The PLANADVISER Top 100 is drawn solely from a smaller set of quantitative variables and information supplied by the advisers themselves.
Through its magazine, website, events and email newsletter, PLANADVISER, an Asset International brand, provides comprehensive industry news, regulatory and investment information, research and training to financial advisers who specialize in the sale, design and administration of institutional qualified and nonqualified retirement plans and executive compensation plans, including 401(k), defined benefit (DB) and deferred compensation plans. For more information, please visit: www.planadviser.com.
PLANADVISER is not affiliated with Compass Financial Partners or LPL Financial
About Compass Financial Partners, LLC
Compass Financial Partners provides independent, objective retirement plan consulting and investment advisory services to plan sponsors across the United States. From recordkeeper search and selection and vendor fee benchmarking; to investment due diligence and employee communications, Compass Financial Partners’ process-driven suite of fiduciary services provides the resources necessary to help employers work towards successful retirement plan programs. Founded with a vision to offer high-quality consulting services independent of the service provider, Compass Financial Partners is based in Greensboro, N.C. For more information, visit www.CompassFP.com. Securities and Retirement Plan Consulting Program advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/ SIPC.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq: LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2014), a top RIA custodian and an independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,400 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports more than 4,600 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial nd its affiliates have approximately 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.
LPL Financial and Barron's Magazine are not affiliated entities.
*Based on total revenues, Financial Planning magazine, June 1996-2014