Richard M. Sotell

President, CFP®

Rich began his career in the financial industry in 1975 after graduating with a Bachelor of Arts degree from Colgate University.  President and founder of the Kraematon Group, Rich heads the 401(k) division of the company and is involved in client acquisition, marketing , plan implementation and participant education.  As one of the first retirement benefits firms to specialize in 401(k) plans, the Kraematon Group has been meeting the retirement plan needs of clients since 1982.

Considered an expert in the field, Rich has lectured on these subjects to insurance company executives, radio listeners, and at several professional education programs.   He is an expert concerning distributions from qualified retirement plans and IRA’s, and has developed marketing plans for banks and mutual fund companies in both areas. Most recently, he was named by the Financial Times as a 2015 and 2016 “Top 401 Retirement Advisor”, a list of 401 of the elite professionals specializing in US defined contribution plans .*

Rich is a contributing member to several high level 401(k) advisory boards in the mutual fund and payroll industries.  In March 2011, he was one of twenty business delegates from the Commonwealth to travel with Governor Deval Patrick on a trade mission to the UK.

He serves on the Finance Committee of St. Patrick’s Parish in Natick, the Board of Directors of the Mu Delta Kappa Epsilon Foundation, and is Chairman of the British American Business Council of New England.

A former Wellesley Youth Hockey coach, Rich is an avid sports fan.  He lives in Wellesley with his wife Kathleen and has two sons, Erik and Spencer.

Email Address: info@kraematon.com

Office Phone: (781) 431-1003


Disclosure


The Financial Times evaluated nominees on seven broad factors and calculated a numeric score for each advisor. The areas of consideration were assets under management (AUM) in defined contribution (DC) plans, degree of specialization in DC plan advising, growth in DC plan AUM, average participation rate in advised DC plans, years of experience as a DC plan advisor, industry certifications, and compliance record. For the full methodology, please visit ft.com. (The criteria provided reflects the most recent year for which advisor received the award. The criteria used, the number of advisors considered for the award, and the percentage of those who receive the award, may vary from year to year). For 2016, approximately 540 qualified applications were received; 401 advisors were selected, representing 74.3 percent of applicants. Not indicative of advisor’s future performance. Your experience may vary.