McHenry Group and Alliance Join Forces for Fiduciary Services

February 6, 2006 ( - The McHenry Group LLC and Alliance Benefit Group have announced a strategic partnership in which McHenry's PlanTools unit will provide technology solutions to Alliance offices.

PlanTools will partner with Alliance to integrate solutions that will help advisors and consultants provide fiduciary services to defined contribution retirement plans, according to the announcement.  

The PlanTools Risk Management System helps retirement plan sponsors conform to recognized prudent fiduciary practices by providing tools to help them make investment decisions and monitor investment performance.   The PlanTools service platform was created to help advisors and institutions support their retirement plan clients with solutions that help manage compliance, brand and relationship risks for service providers.

The McHenry Group provides risk management and compliance services to regulated institutions, financial professionals and fiduciary investors.   Its Web site is .

The Alliance Benefit Group provides retirement plan services for more than 3,300 plans with over $5.9 billion in assets.   Its Web site is .