NFP Executive Benefits Launches Deferred Compensation Mobile App
NEW YORK, Aug. 9, 2012 /PRNewswire/ -- National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, today announced that NFP Executive Benefits released the first phase of its new mobile app, NFP Exec Mobile, for corporate executives participating in deferred compensation programs. The app is an extension of NFP Executive Benefits' proprietary administration platform for deferred compensation plans that securely tracks more than $2 billion in account assets each day for more than 20,000 participants in 65 countries.
Matt Andersen, head of NFP Executive Benefits, commented, "The innovations of our technology platforms continues to be a focal point for NFP Executive Benefits; it's a core competency and a marketplace differentiator. NFP Exec Mobile is designed to allow our plan participants the ability to efficiently access their accounts via mobile devices whether they're in the office, at home or on the road."
NFP recognizes that today's workforce is engaged around the clock and needs tools that help strike a balance between business and personal life. NFP Exec Mobile features multiple ways to view account details, personal rate of return, account activity and payout details, as well as provides the account holder with the ability to change investment allocations and modify investment strategies. The app features high security standards for personal information. The data transmissions are encrypted using secure socket layer (SSL) technology to guard against unauthorized access to client information, and adheres to industry standard credentials.
Commenting on today's announcement, Eric Martin, senior vice president of Technology at NFP Executive Benefits, said, "We develop smart, time-saving services for our core market of corporate executives. To keep pace with the next generation of global users, we closely monitor trends with personal finance apps and determine how to apply meaningful innovation that enhances the experiences of NFP clients. Adding NFP Exec Mobile to our Web-based delivery systems provides an on-the-go way for busy people to monitor their personal wealth strategies, anytime, anywhere."
About NFP Executive Benefits
NFP Executive Benefits provides nonqualified retirement and deferral plan consulting and administration services to corporations, partnerships and other organizations. Its advisory services include benefit funding strategies that utilize corporate owned life insurance and bank-owned life insurance, as well as supplemental, individual life and disability insurance for executives and non-employees serving boards of directors. The group provides its industry-leading services to over 1,100 corporations and banks in the United States, the United Kingdom, France, Germany and Japan, as well as in more than 65 other countries. To learn more, visit www.nfpeb.com.
National Financial Partners Corp. (NYSE: NFP), and its benefits, insurance and wealth management businesses provide diversified advisory and brokerage services to companies and high net worth individuals, partnering with them to preserve their assets and prosper over the long term. NFP advisors provide innovative and comprehensive solutions, backed by NFP's national scale and resources. NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, retirement plans and property and casualty insurance. The Individual Client Group includes retail and wholesale life insurance brokerage and wealth management advisory services. The Advisor Services Group serves independent financial advisors by offering broker/dealer and asset management products and services. Most recently NFP was ranked eighth on Business Insurance's 100 Largest Brokers of U.S. Business; as the ninth Top Global Insurance Broker by Best's Review; operated the fourth largest Executive Benefits Provider of nonqualified deferred compensation plans administered for recordkeeping clients as ranked by PlanSponsor; operated a top ten Independent Broker Dealer as ranked by Investment Advisor; had three advisors ranked in Barron's Top 100 Independent Financial Advisors and is a leading independent life insurance distributor according to many top-tier carriers. For more information, visit www.nfp.com.
For existing clients, plan participants may contact the employer sponsoring the deferred compensation plan. For more information about the app contact:
SOURCE National Financial Partners Corp.