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GROUPIRA, INC. Launches Enhanced System with Investment Advisory Firm Integration

TACOMA, Washington, April 18, 2016 - GROUPIRA, INC. (GROUPIRA) together with Spectrum Pension Consultants, Inc. (Spectrum) announced at the National Association of Plan Advisors (NAPA) annual conference the deployment of the second major GROUPIRA development project. GROUPIRA 2.0, as the development project was branded, provides customized solutions for investment advisers, and makes GROUPIRA an integrated solution within the entire FIS Relius product space. GROUPIRA is a convenient retirement investing program designed for Main Street investors. Built upon leading technology, GROUPIRA brings the features and simplicity of 401k plans to IRA investors. To further this mission, GROUPIRAdeveloped customized online account origination for advisers participating in the GROUPIRA® Program. The solution was co-developed with FIS Relius to provide retirement plan providers access to GROUPIRA nationwide.

"GROUPIRA enables advisers to help the Main Street investor, and we are excited to launch this new technology to our advisory partners and retirement providers nationwide," said Yannis Koumantaros, GROUPIRA Co-Founder. "This solution provides our partners with cloud based, paperless, and seamless technology integration from their retirement practice to GROUPIRA."

The GROUPIRA latest technology development expands upon www.groupira.comwhere participating advisory firms provide an IRA program to their clients, powered by GROUPIRA. The public site provides prospective Members with the opportunity to open an IRA managed by a participating advisory firm. This enhancement deploys a custom site for each advisory firm to integrate online account origination, electronic IRA papering, services agreements, and Form ADV disclosures for their firm.

"Christopher Waldron and Kevin Boercker led the GROUPIRA 2.0 development project, coordinating efforts with stakeholders and external developers. We are delighted with the outcome," said Petros Koumantaros, GROUPIRA Co-Founder. "We now bring to market private labeled IRA technology for Advisers to scale their rollover business, while complying with the new Fiduciary rules released earlier this month."

The project Spectrum co-developed with FIS Relius created a rollover solution to select GROUPIRA as an IRA provider online. This integration allows retirement providers using FIS Relius to provide their participants online IRA opening in conjunction with the online benefit distribution process. This seamless integration provides a simple and efficient method for participants to rollover their retirement plan accounts.

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  • 2017