The 20 Rising Stars of Retirement Plan Advisors 2007 - (Page 26) 1 DOUGLAS G. PRINCE 5 2 1 Managing Director Stifel Nicolaus, Indianapolis, Indiana Age: 40 Education: Northern Kentucky University, B.S., Accounting Mentor: Bob Albright, former senior manager, Grant Thornton Prince help build the company’s retirement plan group, overseeing client deliverables, managing client relationships and advising clients to get the most from their plan and vendors. Prince personally advises on $1.3 billion in assets. From 1990-1996, Prince worked at Grant Thornton as a tax accountant managing the employee benefits consulting division. In 1996 he switched to retirement plans. His first industry job was with McDonald Investments. In 2005, he joined Stifel Nicolaus. Prince speaks annually at the Center for Due Diligence Conference. He has written over 30 articles and has been published in, among others, the Indianapolis Business Journal, and Profit Sharing Magazine, both in 2001. Prince is a CPA as well as having the Accredited Investment Fiduciary and PLANSPONSOR Retirement Professional designations. He is a member of the Profit Sharing Council of America’s research committee since 2005. “Our role is evolving from recommending mutual funds and vendors and providing education, to sitting on the same side of the table as the plan sponsor and becoming their chief retirement officer.” He notes that as CRO, “advisors now help analyze information, know the market, and help the plan sponsor make well thought-out decisions about how to get the most from their plan.” 1 6 ERIC REMJESKE 1 Co-Founder, Partner Devenir, Minneapolis Age: 36 Education: University of Minnesota-Duluth, B.A., Economics Mentors: Dick McFarland, former chairman and CEO, Dain Rauscher; Don Melton, former managing director, Dain Rauscher In 2004 Remjeske launched a new business line focused on the Health Savings Account (HSA) market*, which offers investment options on an institutional level to administrators and banks for their employees. To date, HSA clients represent more than 60% of the current HSA market. Remjeske has $110 million in assets under management; he manages four advisors. Remjeske began as an intern at Dain Bosworth (now Dain Rauscher) and in 10 years worked up to associate v.p. and investment officer. In 2003, Remjeske and three colleagues launched broker-dealer Devenir LLC and registered investment advisor Devenir Investment Advisors, LLC, as wholly owned subsidiaries of Devenir Group. He is a founder and vice chair of the Health Savings Account Industry Advisory Council, created in 2006 and comprised of banks and insurers committed to increasing the distribution of health savings accounts. He spoke at the Third Annual Conference on Health Savings Accounts in Chicago last June. “I see an opportunity to improve fee transparency and disclosure, which has traditionally hindered the ability for the best providers to truly standout. We need to have consistent disclosure with one total expense prominently listed for each investment offered. A total expense with all fees included for a plan listed should be required for all proposals, agreements and marketing materials.” *While Remjeske's business is not 'traditional' retirement plan advising, HSAs do service high-net-worth clients who use these plans to buttress their retirement. Moreover, with legislative changes expected in the health care market, HSAs may become a more established part of the retirement plan advisor business. 26 RETIREMENT PLAN ADVISORS RISING STARS SEPTEMBER 2007
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