Offered through the PLANSPONSOR Institute , which is affiliated with PLANSPONSOR magazine, the PRP is the second designation focused on qualified retirement plans that the firm has approved. The PRP is targeted to more advanced advisors who have a minimum of five years of direct retirement plan experience.
The approval of the PRP designation reflects the intense focus on retirement services at Smith Barney, according to the firm. Smith Barney has a business unit entitled “Retirement Solutions”, which supports Financial Advisors with the resources needed to consult on personal as well as business retirement solutions (see Smith Barney Reorganizes Retirement Group) .
According to the announcement, Smith Barney is committed to supporting Financial Advisors who service the retirement plan market segment, understanding that in today’s environment, plan sponsors need guidance and solutions delivered by advisors who focus on this market. The PRP designation is one more way for Smith Barney Financial Advisors to demonstrate their professionalism and dedication to their plan sponsor clients, according to the firm.
More information about the PLANSPONSOR Retirement Professional (PRP) designation is available at www.plansponsorinstitute.com .
A listing of advisers that have attained the PRP designation is available online at http://www.plansponsor.com/prp