Products February 13, 2007

Great-West to Offer RolloverSystems to Participants

Great-West Retirement Services is piloting a system that will allow retirement plan participants to roll their assets into an individual retirement account (IRA) through a partnership with RolloverSystems.
Reported by

With the program, Great-West retirement plan participants can compare up to five IRA offers and then initiate the rollover transaction online, with the entire process taking about 10 minutes to complete online or on the phone. The system also allows companies to automate timely participant communications regarding important information related to their benefit event.

“By testing RolloverSystems’ automated platform, we can determine if it is a viable, long-term option for our business and ensure that it does not conflict with any existing relationships we currently have with brokers who distribute our products,” said Charles Nelson, senior vice president, Great-West Retirement Services, in the press release.

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The Charlotte, North Carolina-based RolloverSystems already provides adviser-friendly, automated rollover services to more than 9,000 plan sponsors directly or through relationships with plan providers, which include services to 401(k), 403(b) and 457 plans.

For more information on RolloverSystems, please visit www.rolloversystems.com.

Deals & People February 13, 2007

XShares Creates ETFs with NY Firm

XShares Advisors LLC has announced its agreement with Elliott Wave International, Inc. (EWI) to create exchange traded funds (ETFs) based on technical methods developed or validated by EWI.
Reported by

Elliott Wave, a Gainesville, Georgia technical analysis firm, formulates and evaluates indexes designed to satisfy special needs in the financial marketplace, according to a press release.

XShares’ product offerings began trading on the New York Stock Exchange in January 2007, when the New York ETF developer and distributor, launched five exchange-traded funds (ETFs) on the New York Stock Exchange, with each aimed at a segment of the health care, life science and biotechnology industries (See NY Firm Unveils ETFs for Health, Biotech Research).

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Last week, the company said it will develop exchange-traded funds (ETFs) based on carbon emission credits, which allow firms and other organizations the right to emit a stated amount of carbon dioxide over a specified time period (See XShares to Develop ETF Based on Carbon Emission Credits). The company expects to release additional ETF offerings in coming months, according to the statement.

More information about XShares is at www.xsharesadvisors.com. More information about Elliott Wave is at www.elliottwave.com.

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