Perfect Wealth and Retirement Plan Marketing Opportunity
- Principal Financial Group has agreed to buy Wells Fargo retirement unit for $1.2 Billion.
- Wells Fargo retirement plans average over $20 mm per plan.
- Plans of this size are run by executives who make excellent wealth management prospects.
- As fiduciaries, all these plans will need to properly shop their plan with competing vendors.
- Principal’s retirement plan solution will not be the most desirable solution for many plans.
- Regardless of whether plans ultimately stay with Principal or change to a different Recordkeeper, the advisor opportunity is in play as much as any other vendor.
- Dynamic Wealth Advisors have multiple institutional level plan solutions to help you win these plan opportunities.
- For every dollar of revenue generated in plan business is equal to approximately $4 to $7 in wealth business revenue based on industry standards.
- Dynamic Wealth Advisors retirement plan department has advanced revolutionary and cutting-edge solutions to help you open discussions, complete RFP benchmarking and close these plan opportunities.
- Hero 7 PGI (Plan Governance Index) is helping advisors win business and referrals from COI’s
- Call or email Fran Gillis at 970-225-2001 or email@example.com to discuss the opportunities in your area and how we can equip you for success.
- Be willing to budget some of your time to target these opportunities.
- Fran will equip you with plan information for plans in your area and the questions and materials to open doors and compete for the business.