Woodruff-Sawyer Retirement Plan Services Receives NASD License to Provide Mutual Fund Products

Apr 19, 2001, 01:00 ET from Woodruff-Sawyer & Co.

    SAN FRANCISCO, April 19 /PRNewswire/ -- Woodruff-Sawyer Retirement Plan
 Services, a wholly owned subsidiary of Woodruff-Sawyer & Co., announced today
 that the National Association of Securities Dealers (NASD) has granted its
 application for membership.  Under this membership, Woodruff-Sawyer will now
 be able to offer its clients and prospects a wider selection of 401(k)
 products from leading mutual fund organizations.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010315/SFTH090LOGO-a )
     "Mutual funds account for approximately 60% of the market share in the
 401(k) arena.  Our NASD membership allows us to effectively offer these
 registered mutual funds enhancing the line of products available to our client
 base," stated Michael Sladky, Managing Principal of Woodruff-Sawyer's
 Retirement Plan Services division.  With more than 20 years experience in the
 pensions and investment industry, Sladky has worked for major providers of
 defined contribution and defined benefit services.
     NASD, Inc. is the largest securities-industry self-regulatory organization
 in the United States.  Through its subsidiaries, NASD Regulation, Inc., The
 Nasdaq Stock Market, Inc., NASD Dispute Resolution, Inc., and The American
 Stock Exchange, the NASD develops rules and regulations, conducts regulatory
 reviews of members' business activities, disciplines violators, and designs,
 operates, and regulates securities markets and services all for the ultimate
 benefit and protection of the investor.  NASD members are obligated to observe
 high standards of commercial honor and just and equitable principles of trade
 in the conduct of business.
     "Woodruff-Sawyer's pledge is to be the clear best choice for our clients
 in insurance and consulting services.  Becoming an NASD member enhances our
 ability to meet our client's retirement and executive compensation program
 needs," said Dorty Nowak, Sr. Vice President and Benefits Practice Leader for
 Woodruff-Sawyer.
     Woodruff-Sawyer & Co. is one of the largest employee-owned and independent
 insurance brokerage firms in the United States and a partner of Assurex
 International.  For more than 80 years, Woodruff-Sawyer has been partnering
 with clients to provide innovative solutions for their business needs both
 nationally and abroad.  For more information on Woodruff-Sawyer & Co., call
 415-391-2141 or visit www.woodruff-sawyer.com.
 
 

SOURCE Woodruff-Sawyer & Co.
    SAN FRANCISCO, April 19 /PRNewswire/ -- Woodruff-Sawyer Retirement Plan
 Services, a wholly owned subsidiary of Woodruff-Sawyer & Co., announced today
 that the National Association of Securities Dealers (NASD) has granted its
 application for membership.  Under this membership, Woodruff-Sawyer will now
 be able to offer its clients and prospects a wider selection of 401(k)
 products from leading mutual fund organizations.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010315/SFTH090LOGO-a )
     "Mutual funds account for approximately 60% of the market share in the
 401(k) arena.  Our NASD membership allows us to effectively offer these
 registered mutual funds enhancing the line of products available to our client
 base," stated Michael Sladky, Managing Principal of Woodruff-Sawyer's
 Retirement Plan Services division.  With more than 20 years experience in the
 pensions and investment industry, Sladky has worked for major providers of
 defined contribution and defined benefit services.
     NASD, Inc. is the largest securities-industry self-regulatory organization
 in the United States.  Through its subsidiaries, NASD Regulation, Inc., The
 Nasdaq Stock Market, Inc., NASD Dispute Resolution, Inc., and The American
 Stock Exchange, the NASD develops rules and regulations, conducts regulatory
 reviews of members' business activities, disciplines violators, and designs,
 operates, and regulates securities markets and services all for the ultimate
 benefit and protection of the investor.  NASD members are obligated to observe
 high standards of commercial honor and just and equitable principles of trade
 in the conduct of business.
     "Woodruff-Sawyer's pledge is to be the clear best choice for our clients
 in insurance and consulting services.  Becoming an NASD member enhances our
 ability to meet our client's retirement and executive compensation program
 needs," said Dorty Nowak, Sr. Vice President and Benefits Practice Leader for
 Woodruff-Sawyer.
     Woodruff-Sawyer & Co. is one of the largest employee-owned and independent
 insurance brokerage firms in the United States and a partner of Assurex
 International.  For more than 80 years, Woodruff-Sawyer has been partnering
 with clients to provide innovative solutions for their business needs both
 nationally and abroad.  For more information on Woodruff-Sawyer & Co., call
 415-391-2141 or visit www.woodruff-sawyer.com.
 
 SOURCE  Woodruff-Sawyer & Co.