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Joey Payne

Senior Financial Advisor at CAPTRUST

Professional Background

Joey Payne is a seasoned financial expert with over 25 years of extensive experience in the higher education sector, specializing in retirement plan consulting and investment advisory services. Joining CAPTRUST in 2021, Joey transitioned from his previous role as Vice President and Senior Consultant at Cammack Retirement Group, a prestigious firm recognized for its commitment to providing top-tier independent retirement plan consulting.

As a Senior Financial Advisor at CAPTRUST, Joey is dedicated to supporting plan fiduciaries in navigating the intricate due diligence processes related to their retirement plans. His expertise encompasses a broad spectrum of areas, including investment analysis, plan design, compliance, regulatory changes, and process improvements, ensuring that his clients are well-equipped to meet their financial and fiduciary responsibilities. Joey's unique blend of experience and industry insight makes him an invaluable resource for organizations looking to optimize their retirement offerings.

Education and Achievements

Joey Payne's academic foundation is rooted in a strong education, having earned a Bachelor of Science in Accounting from the University of Kentucky followed by a Master of Business Administration (MBA) from Eastern Kentucky University. These degrees have equipped him with a comprehensive understanding of financial principles and practices, enhancing his ability to provide strategic advice to clients in the retirement planning space.

Throughout his career, Joey has held notable positions within the retirement plan landscape. Before joining CAPTRUST, he served for an impressive 13 years as Chief Benefits Officer at the University of Kentucky, where he managed a substantial defined contribution plan valued at $4 billion. In this prominent role, he played a crucial part in shaping the university's retirement offerings and ensuring compliance with regulations while meeting the needs of faculty and staff.

Achievements

Joey Payne's career is marked by a series of significant accomplishments that underscore his expertise and leadership in retirement planning. His tenure at CAPTRUST has allowed him to further refine his skills in consulting, while his previous roles have provided him with a wealth of knowledge in managing diverse retirement programs, including 403(b), 401(a), 401(k), 457(b), and deferred compensation arrangements under Section 415(m) and Section 457(f) plans.

With a commitment to excellence and a deep understanding of the nuances of retirement planning, Joey is well-regarded in the industry, and he actively engages with organizations to enhance their financial strategies and offerings. His passion for empowering clients, especially within the higher education sector, is evident in his consultative approach and unwavering dedication to client success.

Related Questions

How did Joey Payne develop his extensive knowledge in retirement programs and their compliance requirements?
What motivated Joey Payne to transition from Cammack Retirement Group to CAPTRUST?
In what ways has Joey Payne influenced retirement planning within the higher education sector?
What strategies does Joey Payne employ to assist plan fiduciaries in their due diligence processes?
How has Joey Payne's academic background contributed to his success as a Senior Financial Advisor?
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Location

Lexington, Kentucky, United States