The Membership of ESOPMarketplace.com Congratulate Daniel Reser and Joel Phillips on Enacting a Succession Plan to Ensure an Enduring Enterprise

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Feb 3, 2022 16:30 EST

ESOPMarketplace.com is always satisfied to applaud gurus inside of the ESOP providers industry that put into action greatest methods that put their purchasers very first.

A short while ago, Daniel Reser, founder of Fiduciary Products and services Inc., a registered investment advisory company, primarily concerned with ESOP fiduciary do the job because 2003, declared the consequence of a very long-time period succession prepare that added benefits his purchasers and their approach individuals.

Mr. Reser now has a dependable connection with the group of Sanctuary Prosperity Management LLC combining the resources of Sanctuary Prosperity with Fiduciary Solutions Inc.  As a component of that energy, a new entity, Fiduciary Companies LLC, was created, and Joel Phillips, Husband or wife and VP of Operations at Sanctuary Wealth Management LLC, came along with Mr. Reser to get to know the Fiduciary Companies Inc. clients and work with Mr. Reser to serve them.

Mr. Phillips has an MBA in Finance, an superior tax certification, and has operate Sanctuary’s qualified prepare group for the past 10 several years. He is very skilled in ERISA, DOL, and IRS therapy of experienced prepare styles.

When asked why he chose to build this romance with the Sanctuary Prosperity Management LLC team, Mr. Reser spoke about the positive aspects of qualification as a registered investment decision advisor, leveraging his 40 years of corporate fiduciary practical experience, making a sustainability product with more strong workforce users, bench energy in functions/administration and other improved means that the two organizations alongside one another in Fiduciary Products and services LLC could leverage into the upcoming for the profit of their consumers.

While this transition is element of a lengthy-expression succession system for Mr. Reser, he assures his customers that he isn’t heading anywhere anytime before long. In a letter to shoppers, he states, “I will remain on with Fiduciary Providers LLC as a Senior Expert and will still be involved in the ESOP fiduciary problems. This merger adds to the depth of our staff, not subtracts. …Nothing else will alter regarding your accounts. This merely adjustments the named trustee and impartial fiduciary marriage.”

Jack Veale, founder of ESOPMarketplace.com, was encouraged by the foresight revealed by Mr. Reser and Mr. Phillips as very well as the boards of the two Fiduciary Companies Inc. and Sanctuary Wealth Management LLC. Veale mentioned, “It is really normally great to see corporations set their customers first and enact a succession plan that preserves the integrity of the associations with and ongoing care of the shoppers. Succession strategies that are strategically prepared and executed incrementally often have the ideal chance at success. I congratulate Dan and Joel for their vision and motion in this work.”

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