Lowry has more than 12 years of experience in financial
services, specializing in small-business retirement plans and individual retirement
planning. He has worked with a number of firms, including JPMorgan Chase and
Merrill Lynch. Lowry specializes in consulting businesses on their retirement
plans and provides the following services: vendor analysis and benchmarking, investment
due diligence, fiduciary plan review, and high-touch employee education and investment
support.
With over 15 years of experience, Horack specializes in
investment management and financial planning and consulting for corporate
retirement plans, their fiduciaries and their participants.
One Capital offers managed portfolios of exchange-traded funds (ETFs) as
well as Employee Retirement Income Security Act (ERISA) 3(38) services.
One Capital establishes and
maintains strategic asset solutions models, which are offered as investment
alternatives to plan participants. When a participant selects a model, OCM
invests the participant’s account assets in a mix of ETFs in accordance with
the selected model.
The product is a non-commissionable,
full-service retirement plan that offers investment options for retirement plan
sponsors seeking balanced asset-allocation models. OCM-supported portfolios are
low cost and offer investment opportunities without the higher costs of
traditional mutual funds or funds of funds.
The average mutual fund in a 401(k) plan has an
investment expense of 1.24%. One Capital’s Strategic Retirement Solution (ETF
Only) portfolios have an investment expense of 0.34%. Strategic Retirement
Solution (ETF Only) is a means to diversify a portfolio across multiple geographic
regions, asset classes, and sectors to enhance investment returns and reduce
risk. OCM actively manages global equity and fixed-income ETFs to construct
multi-asset class retirement portfolios.
(Cont’d…)
Helping employees to become retirement ready
requires more than a 401(k) plan and a range of investments, said Patrick J.
Bowen, president and partner with One Capital Management. “We believe that
ExpertPlan shares OCM’s goal to provide clients with a retirement planning
solution that fits the needs of both the plan sponsor and participants,” Bowen
said.
The product partnership will allow a plan
sponsor to transfer fiduciary liability for overseeing plan investments by
formally delegating responsibility in writing to One Capital Management as the
ERISA section 3(38) investment manager. The strategy clearly discloses all plan
expenses to help plan sponsors comply with fee disclosures and fully understand
all plan costs, thereby helping them to gain further protection from fiduciary
liability.
“We advise plan sponsors, committees and
fiduciaries in understanding and addressing responsibilities to their plan and
participants,” said Brad M. Barrett, vice
president of wealth management and director of retirement plan solutions at One
Capital. “We wanted a solution that would benchmark favorably in today’s
fee-sensitive environment.”
This product partnership allows ExpertPlan to provide support to financial professionals
to meet the demands of plan sponsors. According to Rick Keast, senior vice president of sales
and business development at ExpertPlan, the strategy will particularly benefit
plan sponsors and participants in the micro and small-business
marketplace.
ExpertPlan, headquartered outside
Princeton, New Jersey, is a provider of
private-labeled recordkeeping solutions.
One
Capital Management, inWestlake Village, California, provides managed
retirement portfolios using ETFs and serves in an ERISA 3(38) capacity
providing discretionary co-fiduciary services for retirement plans and
participants.