Products November 27, 2006

SaveDaily Announces Solo 401(k) for Real Estate Professionals

SaveDaily.com Incorporated has announced the creation of an automated, online 401(k) program for real estate professionals.
Reported by

According to the announcement, FreedomK is a 401(k)/Profit Sharing Plan designed for entrepreneurs and 1099 compensated individuals, such as real estate agents.The program offers low-cost investments with no upfront or back-end loads, including managed exchange traded fund portfolios, index funds and model allocations. Any subsidies received from mutual funds are credited back to the plan including 12(b)1 fees and sub-transfer agency fees, the announcement said.

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SaveDaily said it has spent the past few months developing and beta testing a revised online platform featuring a step-by-step enrollment process and fully automated functionality designed to cater to active professionals.

Real estate professionals can learn more about and begin using the program at www.freedomk.com.

The Markets November 27, 2006

Legg Mason Offers ‘R’ Shares for Mutual Funds

Legg Mason has announced it will offer "R" shares for 11 of its mutual funds, effective December 1, 2006.
Reported by

According to a news release, the move means investors in small- to mid-sized retirement plans will have the opportunity to invest in the funds. Legg Mason said in the announcement it already offers share-class pricing options targeted at medium- sized to large retirement plans, as well as micro-market plans.

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According to the announcement, R shares will be offered for the following funds:

  • Legg Mason Value Trust,

  • Legg Mason Opportunity Trust,

  • Legg Mason Growth Trust,

  • Legg Mason Special Investment Trust,

  • Legg Mason International Equity Trust,

  • Legg Mason Partners Aggressive Growth Fund,

  • Legg Mason Partners Large Cap Growth Fund,

  • Legg Mason Partners Appreciation Fund,

  • Legg Mason Small Cap Growth Fund,

  • Legg Mason Partners Core Plus Bond Fund, and

  • Legg Mason Partners Core Bond Fund.

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