Lord Abbett Forms Team to Help Financial Advisors Service DC Plans

October 26, 2004 (PLANSPONSOR.com) - Lord, Abbett & Co. has created a team in its Institutional Defined Contribution Group to work with third-party administrators and financial advisors who service defined contribution plans.

The investment management company hopes to garner a larger stake in helping financial advisors service corporate decision makers in their investment decisions. According to the company, it has increased the resources available to financial advisors so that they can better identify, close and service defined contribution opportunities. It also aims to help financial advisors in matters dealing with recordkeeping and third-party administrators.

The company asserts that it has recruited veterans from the retail side of its broker-dealer business to offer more resources in the area to financial advisors.

Lord Abbett , a private and independent investment management firm has over 30 funds in equity, fixed-income and balanced styles.