NAPA and ASPPA have announced the opening of the nomination window for the annual 401(k) Advisor Leadership Award, a national award which recognizes leadership, innovation and influence by advisors working in the 401(k) marketplace.

Now in its sixth year, the award is designed to reflect the efforts of advisors to not only serve their clients (both plan sponsors and participants) but also to mentor, maintain high ethical standards and consistently improve their practices and services in the dynamic retirement business.

"Acting as an advisor in today's 401(k) marketplace requires true leadership. Advisors are in the unique position to shape America's concept of retirement and act as a catalyst to help workers plan for their financial future." said Paul D'Aiutolo, NAPA/ASPPA 401(k) SUMMIT Steering Committee co-chair and vice president, UBS Institutional Consulting Group.

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"The 401(k) Leadership Award is given to an advisor who demonstrates a keen stewardship for their clients and demonstrated record of successful guidance to both plan sponsors and participants," he added. "I encourage advisors and plan sponsors to identify and nominate advisors that demonstrate these qualities. We believe this award can highlight the quality work retirement advisors provide every day to help Americans realize a secure retirement."

Nominations for the award will be accepted until November 2, 2012. Any individual or group of individuals [Broker Dealer Registered Reps, Registered Investment Advisors, Plan Administrators (TPAs) and Product and Service Professionals] who are active as financial advisors of 401(k) plans are eligible for nomination. NAPA or ASPPA membership is not a requirement.

Three finalists will be named in January 2013 and the leadership award will be handed out during a special session at the 12th annual NAPA/ASPPA Summit, held at Caesars Palace in Las Vegas.

Rules and more details about the contest (as well as nomination applications) can be found by clicking here.

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