Deals & People April 6, 2009

GenSpring Family Offices Acquires Epic Advisors

Epic Advisors has been acquired by GenSpring Family Offices, a wealth management firm for ultra-high-net-worth families.
Reported by

Epic Advisors, based in Denver, Colorado, is a multi-family office in the Rocky Mountain West serving families in 11 states. The company was founded by current CEO and President Gloria Higgins in 1991.

GenSpring Family Offices, an affiliate of SunTrust Banks, Inc., has more than $17 billion in assets under advisement and manages wealth for more than 700 families.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

For more information, visit www.GenSpring.com.

Products April 6, 2009

Company Introduces ETF-Based Retirement Plan

ETF Advisor k, a Memphis, Tennessee-based open architecture retirement plan provider, has introduced a retirement plan based on exchange-traded funds (ETF) for fee-based advisers and trust departments that desire an open architecture retirement platform.
Reported by

The company says the system is unique because participants own the ETF shares in their account, instead of units from a collective or unitized trust. In this way, ETFs are traded, settled, and reported like mutual funds.

This allows advisers and participants to use public information and tools to design portfolios to meet their investment strategy, the company said.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

The company said advisers can offer specific strategies such as core/satellite, tactical, or total portfolio management based on the risk reward tolerance of the participant.

More information can be obtained by calling 877-843-4015 or by visiting

More information can be obtained by calling 877-843-4015 or by visiting www.ETFAdvisork.com.

 

«