PLAN SPONSORS, TPAs & BENEFITS CONSULTANTS
Attract and retain plan sponsor clients.
The Pension Protection Act of 2006 (PPA) has opened the doors allowing
employers to offer much needed advice and management to their employees.
Your current and potential clients will look to you to provide the
advisory and management services their employees are demanding. Differentiate
and enhance your plan services by offering StraightLine's personal
managed account service—Pro(k).
Offer your clients the very best.
StraightLine is one of only a handful of true managed account providers
in the country. Moreover, even fewer of those offer our high level
of personal care and one-on-one interaction. Most managed account
providers deliver their service either by phone or the internet. And
others
simply
provide advice, not a full-service management solution. Offering
your clients our personalized "do-it-for-you" Pro(k)
service, with one-on-one meetings, could provide you with a significant
advantage
over your competitors.
If you offer it, 72% will use it.
According to the latest research, 72% of employees are likely to use
a personal 401(k) management service like Pro(k). Additionally,
workers who do not currently have access to professional investment
advice through their employer would be most likely to take advantage
of such
advice if it were made available in-person rather than online or
over the telephone.¹ StraightLine offers just that—face-to-face
personal service for each employee.
The economical solution for your company.
Most plan providers and TPAs will not find it economical to
develop their own in-house managed account solution.
An independent provider may be preferred over an in-house service.
Because of inherent "conflicts of interest" that in-house services
may pose, an independent service like StraightLine's Pro(k) is the
perfect solution. Because StraightLine does not sell plans to employers
and has no ties to any brokerage houses, we can remain absolutely unbiased
in managing an individual's 401(k) account.
Avoid taking on fiduciary liability.
The PPA requires those offering advice to 401(k) account holders to
take on fiduciary status. Some experts believe that this is why
many fund providers, TPAs, and brokerage houses are reluctant to create
a managed account service in-house and why independent services like
Pro(k) are preferred.
A strategic alliance
We enjoy working closely with Plan Providers, TPAs and Benefits Consultants
to provide our service to your clients. Contact us at 866.401.5238
to find out how our Pro(k) service can benefit your company.
|
