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Pasadena-based Vertical Management Systems’ Software Selected by Arizona Retirement Advisory

Published on Wednesday, June 22, 2016 | 3:37 pm
 

Vertical Management Systems, Inc. (VMS), a leading provider of data, financial networking and account aggregation technology with headquarters in Pasadena, has been selected by BCJ Financial Group to provide recordkeeping services for its NextLevel(k) retirement platform.

VMS will oversee approximately 200 plans with assets of more than $300 million in conjunction with the Arizona-based retirement plan advisor.

“We chose VMS as record keeper for our NextLevel(k) plans because of the benefits offered with its Retirement Revolution service,” said David Carroll, head of the retirement plan group at BCJ Financial Group. “After reviewing the options, we considered Retirement Revolution the obvious choice for its open architecture, timely and accurate reporting and, most importantly, the ability to provide complete transparency surrounding fees associated with the plans.”

VMS President and CEO Kevin Rafferty says the company’s Retirement Revolution offers open architecture – the ability to choose any investment for inclusion in the plan – as well as 100 percent fee and mutual fund revenue transparency and the ability to calculate income at the participant level, down to the number of days a participant has been in a fund.

“We developed Retirement Revolution expressly to help plan advisors fulfill their role as plan fiduciaries,” says Rafferty. “The recent Department of Labor ruling puts plan advisors like BCJ under the microscope by requiring an unprecedented level of scrutiny. With our Retirement Revolution service, retirement plan advisors can rest assured that they will meet the expectations of all their constituents—the plan, plan participants and regulators.”

For more information about Retirement Revolution and other services offered by VMS, visit www.vmsholdings.com.

For more than 20 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions for the largest financial institutions in the United States. Its retirement platform, Retirement Revolution, is a leading supplier of next-generation retirement solutions.

VMS Inc. headquarters are at 7 N. Fair Oaks Avenue in Pasadena.

 

 

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