Retirement Benefits Group on Monday announced that three retirement specialists from Morgan Stanley Smith Barney’s The Fraser Group have joined the San Diego-based retirement-focused branch of LPL Financial.
Joining RBG are George Fraser, who headed The Fraser Group, along with advisors Frederic Amberg and Troy Haugen. Company officials called Fraser, who consulted on $300 million in retirement plan assets held in 35 retirement plans at his old firm, is considered one of the top retirement plan specialists in the country, having developed a client service and retirement education approach that the Arizona Republic lauded as "a model for 401(k) change."
In his new role, Mr. Fraser will be responsible for overseeing the firm's newly created "Passion for the Participant" retirement-plan education services division.
"It's an honor for us to join a visionary firm that cares deeply about the financial well-being of plan sponsors and their employees," Fraser said in a statement. "We made the decision to join RBG and LPL Financial because both organizations share our steadfast commitment to helping our clients' employees achieve a secure retirement.”
“We look forward to working with our colleagues to help our clients and their employees discover a better path to retirement success," he added.
RBG provides brokerage and retirement plan services to clients through LPL Financial LLC LPL Financial began the expansion of its retirement-plan business in 2010 when it acquired National Retirement Partners, a highly regarded affiliation of independent retirement-plan advisors.
Fraser and Amberg will continue to operate from their offices in Scottsdale, Ariz. while Mr. Haugen will service RBG's clients in the Pacific Northwest from its Portland, Ore. office.
"For many years, George, Fred, Troy and their staff have been among the industry leaders in high quality participant education services," said Larry Deatherage, Principal of RBG, which consults on more than $5 billion in retirement plan assets. "They have built a phenomenal reputation for excellence and creativity when working with employees and their families. After their extensive search and due diligence process, we are delighted they have selected RBG as their new home."