Products August 24, 2010

Adhesion Wealth Advisor Solutions Releases New iPad App

A new enhancement from Adhesion Wealth Advisor Solutions makes RIA portfolios and performance reports available to clients on their iPads. 
Reported by

According to a recent announcement, this client portal enhancement marks the first installment of a major upgrade to the WealthADV platform, creating a clearer and more comprehensive source of information while saving advisers from printing and mailing performance reports. The WealthADV technology platform, which also allows clients to check their portfolios on most Mac and Microsoft Windows-based devices, aims to encourage communication between RIAs and their clients.  

According to the announcement, starting in October, Adhesion will roll out an array of new capabilities to help RIAs manage their practices, including: 

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  • new capabilities for advisers to interact with and analyze client portfolio and practice data  
  • WealthADV access for advisors via the iPad  
  • iPhone and Android-based apps for clients with smart phones  

For further information, visit Adhesion Wealth Advisor Solutions at www.adhesionWealth.com, or call at 888.295.8351. 

 

Data & Research August 24, 2010

Schwab Survey Says Automatic Features, Advice Continue to Gain Ground

A new survey finds continued expansion of participant-friendly plan features.

 

Reported by

According to data collected from 401(k) plans serviced by Schwab Retirement Plan Services, Inc. through the first half of 2010, nearly three-quarters (74%) of employers make 401(k) advice available to plan participants, as compared to 42% in 2005. 

Additionally, 28% of employers now automatically enroll workers in these programs, compared with just 5% in 2005 (before the passage of the Pension Protection Act of 2006).  Schwab notes that among companies with more than 2,500 participants, more than half (53%) use automatic enrollment.

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More than a third (37%) of employers using automatic enrollment are also using automatic savings increases, more than twice as many as did in 2006 (14%), when Schwab’s plan clients first began implementing automatic savings increases.

More than three-quarters (76%) of employers currently include target date funds in their fund line-ups, compared to 57% in 2005. 

One area where things haven’t made such healthy strides; Schwab notes that 69% of employers provide a 401(k) matching contribution, down from a peak of 76% in 2006 – but up from 67% at the end of 2009.

 

 

Feature Adoption Rates (2005 through June 30, 2010)

Feature

2005

2006

2007

2008

2009

06/30/2010

Participant Advice

42%

56%

62%

66%

74%

74%

Target Date Funds

57%

62%

70%

73%

75%

76%

Automatic Enrollment

5%

14%

25%

34%

37%

38%

Automatic Enrollment and Automatic Savings Increase

N/A

14%

24%

30%

35%

37%

Employer Match

73%

76%

75%

72%

67%

69

 

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