STANDARD PRESS RELEASE
March 31, 2023
FOR IMMEDIATE RELEASE
Greenspring Advisors Named to List of Nation’s Top DC Advisor Teams Third Year in a Row
Towson, MD March 31, 2023 – Greenspring Advisors is an independent, fee-only Registered Investment Advisor (RIA) that serves individuals and businesses from its offices in Maryland, Pennsylvania and New Jersey, and is pleased to announce they have been named to the National Association of Plan Advisors’ list of the nation’s top defined contribution (DC) Advisor Teams with Assets under Advisement over $100 Million.
The National Association of Plan Advisors’ inaugural list was published in 2017 and is unlike other lists because of its focuses on individual firms, or what may, in a wirehouse environment, be referred to as a team, or office, and the assets under advisement related to their defined contribution (DC) practice, specifically in a single physical location.
The list of NAPA’s Top DC Advisor Teams, which will be published in the Summer issue of NAPA Net, the Magazine, is available online here: NAPA Top DC Advisor Teams 2022.
“Since their inception, NAPA’s various industry lists have been a valuable Who’s Who of who matters in the world of retirement plans and retirement plan advisors,” noted Nevin Adams, Chief Content Officer of the American Retirement Association, and Editor-in-Chief of NAPA-Net, the nation’s leading online resource for retirement plan advisors. “This latest chapter – the NAPA Top DC Advisor Teams, ranked by self-reported DC assets under advisement – presents a compelling case for the positive impact on the nation’s private retirement system”.
Despite the market turmoil in 2022, the record number (362) of teams on this year’s list continue to guide nearly $2 trillion in defined contribution plan assets belonging to more than 56,000 plans covering more than 23 million participants. Located in 41 states and the District of Columbia, each team listed—and to be here they are all in a single physical location—has more than $100 million in AUA, based on self-reported assets under advisement as of Dec. 31, 2022. “As the nation’s leading voice for retirement plan advisors, we are once again pleased to highlight the contributions and commitment of these teams,” noted Adams.
“We are delighted to be recognized by NAPA for the third time in the last four years,” said Matt Cellini, Partner and Practice Lead for Greenspring’s Institutional Consulting Group. “We are incredibly honored to be recognized by the industry and know that the passion and dedication or our team to creating successful participant outcomes is what lead us to this honor. Carrying out our core purpose for our clients and their employees is the real win.”
To learn more about Greenspring Advisors, please visit www.greenspringadvisors.com.
About the National Association of Plan Advisors
The National Association of Plan Advisors was created by and for retirement plan advisors. Membership is also open to other retirement industry professionals who support the interests of plan advisors. NAPA is the only advocacy group exclusively focused on the issues that matter to retirement plan advisors. NAPA is part of the American Retirement Association, based in the Washington, D.C. area. More information about NAPA is available at napa-net.org.
About Greenspring Advisors
Greenspring Advisors, established in 2004, is one of the top five largest registered investment advisory firms in Maryland and was built on the fiduciary principle that the client comes first. Greenspring is an independent, fee-only firm that specializes in providing investment advisory services to retirement plan fiduciaries, foundations, and endowments and comprehensive wealth management services and financial planning to private investors. The firm has offices in Towson, MD, Lancaster, PA, and in Paramus, NJ.
Established in 2017, nominees for the NAPA Top DC Advisor Teams had to be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. No fee is charged to participate.