Minority Owned Firm Enters Defined Contribution Retirement Plan Market
CHICAGO, IL – September 17, 2009 — Retirement Plan Advisors announced today that Ghian Foreman has been named President of the Chicago-based financial services group and is responsible for firm-wide management and strategic planning.
In 2009, Foreman acquired a majority interest in RPA and explains the strategy: “While consulting in the defined contribution market, I worked with the management team at Retirement Plan Advisors. I was impressed with their business model and their growth, and it became evident that a minority-owned firm in this market would provide needed solutions to product providers and record-keepers, as well as plan sponsors who are looking for direct minority participation in their defined contribution plan contracts.
“Financial education for all employees, including lower-paid and under-served employee groups, is important to us and fits well with my background,” he continued. “In addition to my business interest, I am active in education efforts in the community…”
As Chief Marketing Officer, he will oversee and set strategic direction for RPA’s Institutional Marketing Group while holding a seat on the firm’s Investment Committee.
Foreman earned a Masters of Business Administration in Strategy and Entrepreneurship from the University of Chicago’s Graduate School of Business, and holds a Bachelor of Science degree in Business Administration from Florida A & M University’s School of Business and Industry. Ghian brings 15 years of executive business leadership and marketing experience with Fortune 500 companies.
A lifelong resident of Chicago’s historic Hyde Park-Kenwood neighborhood, he is active politically and in his community, and has become an important and locally recognized voice on community development and education. Ghian’s community, non-profit and educational work includes serving on the Board of Trustees for the South Side YMCA, the Ancona School, the Neighborhood Writing Alliance, the Kenwood Academy Brotherhood and the Elliott Donnelley Youth Center (Bronzeville).
About Retirement Plan Advisors
Retirement Plan Advisors Services, LLC (RPA), is a Chicago-based, minority-owned financial services firm specializing in employer-sponsored retirement plans. As an independent firm, RPA provides consulting, marketing, education and enrollment services for investment product providers and employers. Today, RPA is among the fastest growing independent retirement plan service providers in the public sector with nearly 600 governmental clients.
For more information, contact:
Retirement Plan Advisors
105 W. Adams St., Suite 2175
Chicago, IL 60603
tel: (312) 701-1100, ext. 222