LAKE SUCCESS, N.Y., August 2, 2012 — Matrix Financial Solutions, a Broadridge Financial Solutions, Inc. (NYSE: BR) company, announced today that United Planners has added the Matrix plan data feed service, part of the newly launched Matrix Broker/Dealer Solutions Suite, to the United Planners Retirement Platform. The combination of these services will help United Planners, which has been utilizing Matrix’s services since 2008, increase its visibility into retirement plan assets and activity, tighten its core compliance processes, and offer its financial advisors more flexibility throughout the retirement plan process.
The Matrix Broker/Dealer Platform is an integrated suite of retirement planning products and services that enables financial services firms and advisors to more successfully navigate the retirement plan process. Through its TrueOpen™ architecture, the solutions improve efficiencies and tighten compliance principles throughout the enterprise and help support recent regulatory mandates. The suite includes the plan data feed service, level compensation services and advisor desktop applications.
“We are excited about this new relationship and the business opportunities it will offer not only United Planners but our Third Party Administrator (TPA) customers as well,” said John Moody, President, Matrix. “We believe our broker/dealer platform will support United Planners in its effort to continue to grow its retirement business in an increasingly regulated environment and provide increased visibility and tighter controls.”
By using the services of TPAs that have Matrix relationships, in conjunction with the Matrix custodial platform, United Planners’ financial advisors now have the opportunity to bring Matrix’s TrueOpenarchitecture features to their plan clients including TPA selection and the list of United Planners’ approved investment offerings for 401(k), 403(b), 457 plans and more.
“United Planners truly appreciates the value that Matrix provides our organization in terms of the continuous support to help us manage and grow this specialized type of business”, said Billy Oliverio, Vice President, United Planners. “This enhancement to our strategic partnership demonstrates our collective commitment to service retirement plan clients with practical solutions in a complex environment. The retirement plan business has been and continues to be a focal point for United Planners."