Deals & People January 7, 2008

CAPTRUST Adds Dave Liebrock to its Team

Dave Liebrock, formerly executive vice president, retirement, at Fidelity Investments Institutional Services, Co., has left the firm to become a financial adviser with CAPTRUST Financial Advisors.
Reported by

Liebrock will serve as CAPTRUST’s senior vice president in Boston, beginning his position today.

Although he has never served as a financial adviser, in Liebrock’s most recent position at Fidelity, he managed the firm’s adviser-sold 401(k) product.

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More information about Raleigh, North Carolina-based CAPTRUST Financial Advisors is available at http://www.captrustadvisors.com/

Products January 6, 2008

Kravitz Unveils Asset Allocation Solution for Cash Balance Plans

Advisers that work with cash balance plans now have access to an asset allocation solution developed specifically for those programs.
Reported by

Kravitz, in conjunction with Kravitz Davis Sansone (KDS), the registered investment adviser (RIA) arm of the Kravitz team, has released the Kravitz Cash Balance Maturity Portfolios – a new series of portfolios developed exclusively for cash balance plans.

Available to retirement plan intermediaries and investment advisers, the Kravitz Cash Balance Maturity Portfolios, are constructed and managed by a team of investment experts and actuaries who focus exclusively on the complex market niche of cash balance plans.

“Cash balance plans evolve over time in very unique ways’ says Dan Kravitz, President of Kravitz. “They need to evolve as the significant account holders age and as the Plan’s tolerance for risk changes.’

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According to a press release, the Kravitz Cash Balance Maturity Portfolios are the first and only investment strategies developed exclusively to meet the unique needs and complexities of cash balance plans. They offer cash balance plan sponsors access to a strategically designed investment plan that includes cost effective diversification and risk management over time.

Stephan Miskjian, Portfolio Manager for KDS Advisors, will serve as the manager of the Kravitz Cash Balance Maturity Portfolios. “We construct investment portfolios that are highly diversified with exposure to up to 17 separate asset classes and 21 mutual funds and ETFs (Exchange Traded Funds),’ Miskjian says.

Mark Davis, a seventeen year veteran of the retirement plan industry, an investment adviser representative for KDS, and a regular member of PLANSPONSOR’s “Plugged In’ expert panel, was the architect behind the development of the portfolios. “Kravitz is uniquely focused on the asset management challenges of these highly sophisticated plans,’ Davis commented. “We develop customized risk management strategies for each client’s plan. We work hand in hand with the actuaries and consultants who administer cash balance plans as well as investment advisors seeking a unique approach for their clients’ plans.’

For more information on the Kravitz Cash Balance Maturity Portfolios please contact Dan Kravitz at Kravitz at 818-379-6162.

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