Daniel E. Sommers Jr., CLU, ChFC, RICP
Daniel E. Sommers Jr.* has over forty years of specialized pension planning service and experience which he brings to the clients of the Preferred Client Group in the business marketplace.
Dan has worked with thousands of businesses, providing independent consulting services in the design, implementation and ongoing administration of qualified retirement plans. He works with plan sponsors and trustees to select benefit plan provisions and establish fiduciary standards and implement investment policy statements. He assists in the selection and monitoring of investment vehicles and the design and presentation of participant education programs.
Dan began his career in the group pension industry in November of 1973 (Pre-ERISA) with Mutual Benefit Life of Newark, NJ. Throughout his career he has been exposed to all facets of pension service, sales and administration. He has drafted plan documents, performed plan administration, prepared actuarial valuations, and prepared competitive proposals/sales presentations as well as employee enrollment presentations.
The services and consultations he provides to the clients of the Preferred Client Group are all inclusive. With most clients, he assists in the plan design, brokers the investment vehicle and conducts the group enrollment meetings as well as the individual participant one-on-one investment sessions.
Along with other team members of the Preferred Client Group, he continues to meet with each of our clients at least annually to assist them with their fiduciary due diligence duties and responsibilities.
Dan has access to all of the vendors whom he would consider the major “players” in the small to medium size plan marketplace. As a registered financial representative of Park Avenue Securities, he is not required to offer or represent any single vendor. This degree of independence permits Dan and the Preferred Client Group to access the most competitive pension products and pair the best vendor/product with our client’s specific needs and desires.
Dan and his wife, Maureen, live in Toms River, NJ.
*Registered Representatives and Financial Advisors of Park Avenue Securities LLC (PAS), Financial Representative of Guardian.