Guardian's Variable Annuity and 401(k) Products Available to Largest Network of Independent Broker-Dealers in the Nation
NEW YORK, September 15, 2009 — The Guardian Life Insurance Company of America (Guardian) was selected as a strategic partner for LPL Financial Corporation's ("LPL Financial") new Retirement Plus Program, which provides best-in-class retirement products and support for retirement plan-focused independent financial advisors.
Guardian Retirement Solutions was selected as a partner by the new Retirement Plan Consulting Group at LPL Financial, the nation's largest independent broker-dealer, following extensive research, internal reviews and requests for proposals from a broad spectrum of product sponsors. The selection follows a major transformation within Guardian's Retirement Solutions Business, which included several new additions to the senior management team, an enhanced product portfolio, and the vast expansion of the national sales force headed by Dale Magner, Vice President.
"Our selection as one of the first strategic partners for the Retirement Plan Consulting Group at LPL Financial is testament to the major enhancements -- to our product line, sales team and leadership -- that have occurred within our Retirement Solutions business over the past 12 months," said Scott Dolfi, Guardian Executive Vice President, Retirement Solutions. "We look forward to working with LPL Financial on providing their advisors with access to Guardian's outstanding retirement plan products and services for their clients' retirement planning needs."
"Following a comprehensive review of dozens of potential sponsors, we selected Guardian as one of our initial Retirement Plus Partners because of its best-in-class retirement product portfolio and impressive service capabilities," says Bruce Harrington, Senior Vice President of Retirement Solutions at LPL Financial. "We are delighted to have Guardian as a partner to develop our Retirement Plus Program and provide our advisors with the best products and support that the market has to offer."
As an LPL Financial Retirement Plus partner, Guardian Retirement Solutions will provide a diversified array of retirement products while working closely with LPL Financial advisors to provide an enhanced level of training and marketing support.
"Guardian is excited to support LPL Financial's vast independent advisor channel with our streamlined retirement solutions," Said Dale Magner, Vice President, Retirement Product Sales at Guardian. "Our management team and sales force are committed to providing the highest quality, most flexible retirement products available today to our business and retail clients."
The Guardian Life Insurance Company of America (Guardian), one of the largest and oldest mutual life insurance companies in the United States, is known for its stability and strength. A Fortune 300 company, Guardian is the only major life insurer to earn upgrades from two major rating agencies in 2008: A++ (Superior) by A.M. Best and AA+ (Very Strong) by Standard & Poor's. As of July, 2009, three major rating companies have affirmed Guardian's ratings: Fitch (AA+/Very Strong); Moody's (Aa2/Excellent); and Standard & Poor's (AA+/Very Strong).
Founded nearly 150 years ago, Guardian and its subsidiaries are committed to protecting individuals, business owners and their employees with life, long term care insurance, disability income, medical and dental insurance products, and offer 401(k), annuities and other financial products.
Guardian operates one of the largest dental networks in the United States, and protects more than six million employees and their families at 120,000 companies. The company has more than 5,400 employees in the United States and a network of over 3,000 financial representatives in more than 80 agencies nationwide.
Annuities are issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation, and distributed by Guardian Investor Services, LLC (GIS). Both GIS and GIAC are wholly-owned subsidiaries of The Guardian Life Insurance Company of America, 7 Hanover Square, New York, N.Y. 10004. GIS is a member: FINRA, SIPC.
About LPL Financial
LPL Financial is one of the nation's leading financial services companies and largest independent broker/dealer (based on total revenues as reported in Financial Planning magazine, June 1996-2009). Headquartered in Boston, Charlotte, and San Diego, LPL Financial and its affiliates offer industry-leading technology, training, service, and unbiased research to 12,489 financial advisors, 768 financial institutions, and over 4,000 institutional clearing and technology subscribers. LPL Financial has $259 billion in brokerage and advisory assets as of June 30, 2009.
LPL Financial and its approximately 2,500 employees serve financial advisors through Independent Advisor Services, supporting financial advisors at all career stages; Institution Services, focusing on the needs of advisors and program managers in banks and credit unions; and Custom Clearing Services, working with broker/dealers at leading financial services companies. For additional information about LPL Financial, visit www.lpl.com .
SOURCE:The Guardian Life Insurance Company of America
Web site: http://www.guardianlife.com/