 BeManaged 401(k) Advice- Working With Industry Professionals
BeManaged was created in an effort to coordinate with other entities in the retirement plan industry, whether that be an advisor, consultant, recordkeeper, or TPA. BeManaged provides a turnkey solution for delivering the proper asset allocation participants need via account management or investment advice, and leave it to the participant to choose which service best suits their individual needs. We provide participants access to institutional management and advice via our dedicated Research Department, headed by a 24 year CFA charter holder, John Whaley, AIF.
Legislation is redefining how investment advice is going to be delivered, and we have learned we are well positioned to meet the outlined provisions. Adjustments will be made in order to comply, as we have demonstrated by operating under both the 2001-09a DoL SunAmerica Opinion as well as the PPA Fiduciary Adviser provisions during the course of this industry's brief eight history.
The Industry is Changing.
If you have been in the retirement plan industry for a while, you know that the need for specific services tends to trail the trigger that causes that desire. Understandably, we and the rest of the industry saw the demand for participant advice and account management soar following the market collapse of 2008. Now, it's 2009, and legislation is being presented that would clear the air on the confusion surrounding the PPA Fiduciary Adviser, while establishing an independent model free of conflicts related to fees and revenues between mutual funds and intermediaries, an approach that will be difficult for mutual fund companies, insurance companies, and the broker deal world to deliver.
Therefore, whether you are an advisor, recordkeeper, or TPA, you will likely encounter questions regarding your ability to delivery 3(43) (proposed) fiduciary investment advice to plan participants. At this point, we have learned we closely resemble what is being proposed in Congress. Additionally, we have had a great deal of success in delivering our service to participants as represented by our 98% retention rate.
What are your options?
- Buy
- Build
- Partner
If you answered #3, we would be happy to speak with you, as our turnkey solution is built upon the highest fiduciary standard in the industry (CEFEX), and thus has demonstrated full fee disclosure from Day One.
Learn How You Can Incorporate BeManaged Into Your Company or Value Proposition:
Advisors CLICK HERE
Recordkeepers/TPAs CLICK HERE
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