Products June 16, 2014

Mutual of Omaha Offers Plan Administration Services

Mutual of Omaha Retirement Services is now offering 401(k) Admin Advantage, an Employee Retirement Income Security Act (ERISA) 3(16) administration service.
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The service is designed to ease day-to-day demands of retirement plan administration, while minimizing risks for plan sponsors and supporting the independent services of plan advisers and third-party administrators (TPA).

Plan sponsors can choose one or both of the available service levels:

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  • Level One, Participant Notice Distribution: Electronic or print distribution of a comprehensive list of participant notices that are mandated by the Department of Labor and Internal Revenue Service.
  • Level Two, Transaction Processing: Services related to reviewing participant requests and approving and processing transactions.

“Plan administration for 401(k)s can be time consuming and overwhelming, especially for small to mid-size businesses,” says John Corrieri, vice president of 401(k) services at Mutual of Omaha. “With 401(k) Admin Advantage, we serve as a cofiduciary for certain administrative requirements, sharing regulatory obligations with plan sponsors. Plan administrators gain peace of mind knowing these duties are handled by experienced professionals who will work with their adviser and possible TPA, so they can focus on their business.”

More information about Mutual of Omaha Retirement Services’ 401(k) Admin Advantage, as well as other retirement products and services, can be found at http://www.sellretirementright.com.

Mutual of Omaha is a provider of insurance, banking and financial products for individuals, businesses and groups throughout the United States. More details about Mutual of Omaha can be found at http://www.mutualofomaha.com.

Products June 16, 2014

Commonwealth Releases New Client Dashboard

Commonwealth Financial Network launched a new client management dashboard, Client360°, to help financial advisers unify client information and streamline access to planning tools and accounts.
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As part of Commonwealth’s suite of proprietary software tools, Client360° provides advisers with a comprehensive view of a client’s financial picture. The system offers a breadth of functionality and incorporates key elements of portfolio management, asset trading, client contact, documentation and various other wealth management applications.

The dashboard can be customized to fit an adviser’s needs and preferences. The default arrangement features 22 unique tools, and advisers can tailor the system to match their own work process. Additionally, the Client360° dashboard is automatically optimized for use on mobile and tablet devices.

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“Our overarching goal was to develop a comprehensive snapshot encompassing every piece of information an adviser finds valuable, structured in a way that best serves each individual,” explains Darren Tedesco, managing principal of innovation and strategy at Commonwealth. “The Client360° dashboard is all about leveraging tightly coupled and integrated systems to run a more efficient practice.”

Tedesco says advisers will be able to use the dashboard to view performance, run review report bundles, place trades, view model drift, log phone calls, move money, and open accounts from one screen.

More information is available at www.commonwealth.com.

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