In addition to our move, we are also thrilled to announce that on January 1, 2019, The Gwynedd Company will officially join BLB&B Advisors. In particular, we would like to welcome Ed Barnes, Brianna Barnes, Tom Hamel, Lisa Driscoll, Chris Reddick, Bob Flood, and Erin Barnes as well as The Gwynedd Company’s clients to BLBB!
Like us, The Gwynedd Company is a local investment advisory firm providing high-quality, customized financial planning and investment management services to individuals, families, and small- to medium-sized corporate and not-for-profit organizations. Additionally, The Gwynedd Company has extensive experience in retirement plan (401k/403b) design and administration for employers and entrepreneurs.
For more than 5 years, a number of BLBB financial advisors have worked closely with The Gwynedd Company’s CEO, Ed Barnes, and other members of his staff, to design, build, manage, and administer a number of employer-sponsored retirement plans for corporate and not-for-profit entities in the Mid-Atlantic area. We all quickly realized that there were many similarities between BLBB and The Gwynedd Company – the most important being an unwavering commitment to providing high-touch client service and the highest quality financial planning, investment management, and retirement plan services.
This past year, The Gwynedd Company began to consider the possibility of joining forces with another investment advisory firm in order to be able to offer the next level of supportive services to their valued clients and friends. They eventually broached this subject with us and after careful consideration we realized their client-focused culture was quite similar to ours and their comprehensive retirement plan services offering would further enhance our capabilities and service offerings in this practice area. In other words, we saw the potential for significant synergies to arise as a result of The Gwynedd Company joining our firm.
Already, and as a result of The Gwynedd Company joining BLBB, we are proud to announce the formation of BLB&B Plan Services, LLC – and the creation of a comprehensive and turnkey employer-sponsored retirement plan offering that entrepreneurs and business owners can provide to their employees. In particular, BLB&B Plan Services not only monitors and follows the trends and changes in laws affecting retirement plans, thereby providing clients with the insights necessary to create and maintain high-quality retirement programs, but also handles every aspect of plan administration. Our third-party administrative services include periodic participant statements, government reporting, plan communications, IRS discrimination testing, employee presentations, etc. We also provide extensive support to payroll and human resources departments. In short, business owners and entrepreneurs can look to BLB&B Plan Services for a wide variety of retirement plan services including 401K plan design and administration, profit sharing plan recordkeeping, non-qualified deferred compensation design and administration, ESOP design and administration, plan conversion and takeover, money purchase plan recordkeeping, executive benefit plan design, and ERISA 403b plans.
We are excited to start 2019 with such a positive step forward for our firm. Between the new building, the addition of The Gwynedd Company, and the ongoing expansion of our service offerings, we are even better prepared and able to provide our clients with sophisticated, comprehensive, and integrated financial planning and asset management services tailored to their specific needs and circumstances. Please stay tuned for more details from BLBB as the year progresses.