NEW YORK & PHOENIX – (BUSINESS WIRE) – November 3, 2021–
Priority Financial Group (PFG) announced that it has partnered with FeeX, a financial technology provider, to power the company’s retirement plan hub. The Center will enable advisors to securely trade and manage assets held by clients, wherever they are held.
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Escrow accounts, which include 401 (k), 403 (b) s, 457s, and other qualified plans, represent a significant portion of Americans’ wealth, but are often not managed by professionals. According to the 2019 Federal Reserve Survey of Consumer Finances, more than half of the median American’s net worth was in their retirement accounts, but before FeeX, financial advisers had little opportunity to help their clients grow their wealth in these accounts.
Through their firm’s partnership with FeeX, PFG advisors can now deliver this added value to their clients while using asset tracking and other strategies to provide a more comprehensive and personalized service to their clients.
“We are always looking for new fintech options to help our advisors serve their clients more efficiently. We were delighted to find a trusted platform that offers the ability to manage different types of defined contribution plans, ”said Michael Prior, CEO of Priority Financial Group. all of our advisors at the start of 2021. We believe the benefits to clients are substantial as this enables our advisors to provide holistic advice more effectively.
The Retirement Planning Center not only represents an opportunity for clients of PFG affiliated advisors to benefit from more holistic planning services, but also offers advisors the opportunity to provide more comprehensive customer service and grow their business. Providing a new value-added service to existing customers also creates a significant new revenue stream.
“We are delighted that our partnership with PFG gives more Americans the chance to see their retirement accounts reach their true potential,” said Dave Goldman, vice president of business development at FeeX. “Studies have shown that having an advisor manage these accounts can generate over 3% more returns each year, net of fees. This is a real win-win situation, as individual investors have the opportunity to grow their nest egg, while PFG advisors can provide additional quality service to their clients. As investors lead longer and more complex financial lives, it is essential that they benefit from the proper management and growth of their retirement accounts.
As part of this partnership, FeeX and PFG will organize joint virtual events in the coming months. To learn more, visit grow.feex.com/PFG.
FeeX is a financial technology company that helps investors realize the full potential of their savings by providing financial advisors with a platform for reporting, managing and trading their clients’ frozen accounts. The platform is designed to work with all types of client accounts, integrates seamlessly with existing advisor technology, and reduces the burden of active management for advisors and their clients. FeeX was founded in September 2012 and is headquartered in New York City.
About Priority Financial Group (PFG)
The PFG team has been providing customized compliance and practice management solutions to credit unions and financial advisors for over 20 years. PFG strives to be the # 1 RIA for credit unions in the United States and an elite provider of RIA, OSJ and wealth management services by providing more flexibility, choice and of value to clients and advisors. The PFG team is based in Phoenix, Arizona, with advisors located throughout the United States. For more information, visit www.pfgteam.com.
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Grégory FCA for FeeX
Mike Prior, CEO
Priority Financial Group (PFG)
KEYWORD: ARIZONA NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING ACCOUNTING SOFTWARE PROFESSIONAL SERVICES DATA MANAGEMENT CONSUMER TECHNOLOGY SMALL BUSINESS SENIOR INSURANCE FINANCE CONSULTING
Copyright Business Wire 2021.
PUB: 03/11/2021 10 a.m. / DISC: 03/11/2021 10:01 a.m.
Copyright Business Wire 2021.