Custodia Financial Adds Career Industry Expert Dave Liebrock as New Strategic Partner

DALLAS, Dec. 11, 2013 /PRNewswire/ -- Custodia Financial today announces that Dave Liebrock, one of the industry's leading retirement plan executives, is advising Custodia.  For 30 years, Mr. Liebrock led a successful career  in prominent positions at Fidelity Investments and most recently with CAPTRUST as a member of their Advisory Board. 

"I am excited to be advising Custodia, the industry's strongest voice for retirement loan protection  and advocate preventing involuntary loan defaults and retirement leakage.  I look forward to creating what will soon become the new industry standard, protecting plan loans against involuntary default," said Mr Liebrock. 

A former Financial Advisor and Retirement Plan Consultant for corporate retirement plans and retirement plan fiduciaries, Mr. Liebrock joined CAPTRUST, an independent advisory firm, in 2008.  In his role as the company's senior vice president in Boston, he consulted with more than $2.5 Billion in 401-K, 403-B and Defined Benefit Plans.

Before joining CAPTRUST, he spent 16 years with Fidelity Investments Institutional Services Company, where he held a number of senior-level positions, most notably as Executive Vice President in charge of oversight and management of the advisor 401(k) product.  Prior roles at Fidelity included Executive Vice President in charge of large plan services and President of Fidelity's defined contribution business in Europe as well as responsibility for Fidelity's Defined Contribution product, sales, and services.

"The current industry protocol that allows $billions of involuntary loan defaults annually is simply unacceptable.  Participant borrowers deserve the choice of affordable, guaranteed loan protection as a default.  Dave adds a highly credible voice advocating for the prevention of involuntary loan defaults where borrowers are fully protected and plans can offer a benefit to respond immediately to address unnecessary retirement leakage," said Tod Ruble, CEO of Custodia Financial.

About Custodia Financial
Headquartered in Dallas, Texas, Custodia Financial provides innovative programs preventing loan defaults on 401(k) and other defined contribution plans.  Custodia's Retirement Loan Eraser™ program is the only one of its kind, designed to stem the multi-billion dollar problem of retirement leakage caused by involuntary loan defaults. www.custodiafinancial.com or 1-888-235-0936.

SOURCE Custodia Financial