WavesWe Partner with Financial Advisors

Businesses that work with Downeast Pension Services also partner with a Financial Advisor. We work with all types of Financial Advisors:

  • Independent Advisors
  • Registered Investment Advisors (RIAs)
  • Advisors from Wirehouses
  • Advisors within Banks or Trust Departments

Since DPS is an independent TPA, we rely on our Financial Advisor partners to pick investments, provide employee education and offer ongoing investment advice.

How DPS Works with Financial Advisors:

Help with New Business

Approximately two-thirds of all our new business opportunities come from Financial Advisors. With the 401(k) business being increasingly complicated (thank you Congress), it is often an effective tactic to tell clients and prospects that hiring a Financial Advisor/TPA team (each expert in their respective disciplines) will provide peace of mind that their retirement plan is in the best possible hands.

Help Simplify the Day to Day

DPS helps Financial Advisors by handling the day to day work associated with plan compliance and plan administration. Our goal is to assure that our mutual clients’ retirement plan administration needs are met so that the plan’s Financial Advisor can focus on what they do best: giving advice regarding financial products.

We will be Your Resource

Since DPS works with hundreds of plans using many different investment strategies and recordkeeping platforms, we have a breadth of experience we can offer Financial Advisors.