Deals & People September 13, 2010

Benefit Consultants Extends RK Reach

Warren, Averett, Kimbrough & Marino, LLC, which describes itself as Alabama's largest certified public accounting and business consulting firm, has expanded its recordkeeping services reach.

 

Reported by

According to a press release, the firm, through its employee benefits division, Benefit Consultants, LLC, has entered into a long-term recordkeeping and third-party administration service engagement with Dallas-based financial services firm, ISC Group, Inc.

Benefit Consultants will assume all record keeping services for ISC beginning October 1, 2010, and seven professionals formerly with ISC have joined the Benefit Consultants’ newly formed Dallas office, including Tarynn Ecton, who will serve as the Dallas Office Operations Manager for Benefit Consultants. William (Bill) C.Presson, QPA, QKA, serves as Vice President of Warren Averett’s Benefit Consultants division and Amye Rockett, QKA, will serve as the Birmingham Office Operations Manager. Presson and Rockett are based in Birmingham.

For more stories like this, sign up for the PLANADVISERdash daily newsletter.

“We are excited to expand our geographic reach into the southwestern United States and look forward to serving the plan administration needs of a significant organization like ISC Group” said Bill Presson, Vice President of Benefit Consultants. “In partnering with Benefit Consultants, ISC is able to enhance our web-based capabilities and improve efficiencies, which is a win-win for our clients and our company. We can now focus on what we do best – deliver professional money management and exceptional service to our clients,” said Scott Hayes, Executive Vice President of ISC Group.

ISC worked through Sarah Simoneaux, CPC of Simoneaux & Stroud Consulting Services to issue the request for proposal and manage their national search for a service provider, according to the announcement.

Products September 13, 2010

S&P Launches Dynamic VEQTOR X Index

Standard & Poor's has launched the S&P 500 Dynamic VEQTOR X Index, a companion strategy index to the S&P 500 Dynamic VEQTOR Index which was launched last November.
Reported by

According to a press release, whereas the VEQTOR strategy dynamically allocates between equity, volatility and cash to provide broad equity market exposure with an implied volatility hedge, VEQTOR X is designed to complement an investor’s existing U.S. equity allocation. This is achieved by dynamically allocating between long exposure in the S&P 500 VIX Short-Term Futures Index and short exposure in the S&P 500, the announcement said.    

The S&P Dynamic VEQTOR X Index is part of the S&P 500 Dynamic VEQTOR Index Series which allocates between equity and volatility based on the combination of realized and implied volatility trend decision variables.  The allocations are evaluated on a daily basis. A stop-loss feature is also included to limit downside risk.  

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

 

«