Ancora Offers Source Companies’ Open Architecture Plans

Ancora Advisors has rolled out Open Architecture 401K products offered through Source Companies

A news release from the Cleveland-based Ancora said Source is an independent fee-only investment adviser and provides an open architecture platform for sponsors and their plan participants.

According to the announcement, the primary benefits of the open architecture are the array of investment choices, transparent fee structure, active management, and low expenses.  In addition, investors can put money into alternatives, including sectors funds and ETFs, the announcement said.