Decimal Adds To Sales Team

401KWIRE.COM
March 9, 2006

Decimal Inc., the company behind The Online 401(k), has brought in Marc Fowler to develop the San Francisco-based firm's registered rep channel.

The seven-year-old firm, which has been successful in the payroll and RIA channels, started building its registered rep channel last year.

Fowler, who takes the title of vice president of national sales and distribution, joined Decimal in January, said Chad Parks, president and chief executive of the firm.

A 14-year industry veteran, Fowler was most recently regional director at OneAmerica/AUL Retirement Services, where he built relationships with broker-dealers, independent financial planners and insurance agents. He previously held sales and business development positions at MassMutual Pension Management and Phoenix Mutual.

Parks said Decimal is looking to further increase the size its sales team. "We're interviewing people on the East Coast," he said.

Also last January, the firm launched a Web site, www.startup401k.com, containing tools that enable registered reps and financial advisors customize marketing materials and proposals. The site allows them to create a customized fund list from a menu of 17,000 funds.

Decimal focuses on businesses with less than 50 employees.