Products April 25, 2011

Security Benefit Introduces VA Offering for Retirement Plans

Security Benefit, a Guggenheim Partners Company, launched EliteDesigns as the inaugural product for its new Personal Retirement Savings (PRS) initiative.
Reported by

EliteDesigns combines a tax-deferred variable annuity with 200 investment options for registered investment advisers (RIAs) and other fee-based advisers and their clients.  

The EliteDesigns variable annuity leverages the advantages of an insurance product with the benefits of a diverse investment platform, Security suggests. It is structured to suit a variety of investment strategies that can meet an array of risk and reward objectives; from a relatively passive but well-diversified buy-and-hold investment program, to a progressive core and satellite model, to a highly sophisticated tactical strategy.

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For the investment options that permit active trading, there are no trading limits and no redemption fees. Complete product details are available at http://www.EliteDesignsinvestments.com.  

Deals & People April 25, 2011

Daily Access to Use CLS Investments’ Model Portfolios

Mid Atlantic Trust Company (MATC) announced that third party administrator Daily Access Corporation will be using the firm’s ModelxChange platform.
Reported by

The model portfolios are coming from CLS Investments and include the CLS Wealth Accumulation/Principal Guard AdvisorOne Models and the CLS ETF Models.    

ModelxChange allows 401(k) professionals to incorporate investment models into a retirement plan, all through a single, Web-based interface, MATC reports. The platform streamlines the process for plan recordkeepers of integrating and processing model portfolios into a retirement plan, automating many of the steps and eliminating many of the complexities that typically exist with this process.    

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For the professional money manager, ModelxChange  provides a single system for the creation, execution and on-going management of investment models for the 401(k) marketplace. Through its interface, managers can set-up and manage their investment models on ModelxChange, and then deliver those models and any investment changes to each individual 401(k) plan automatically.  

Ryan Byrne, V.P. of Business Development for CLS Investments, LLC explained in the announcement that “with ModelxChange, we now have the ability to trade just once whenever we make a change to a model.  All plans utilizing our models through any 401(k) record keeper are updated simultaneously, saving us a lot of time and hassle.  We can also easily track billing for each plan on an automated basis, and this coupled with other significant cost saving features of ModelxChange allow us to deliver a much more cost efficient product to the participants.”

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