Products September 10, 2008
EMA Launches 403(b) Program Offering ETF Managed Accounts
Efficient Market Advisors, LLC (EMA), an exchange-traded fund (ETF) separate account manager, announced the launch of what it says is the first 403(b) program offering professionally managed portfolios of ETFs.
Reported by Fred Schneyer
According to a press release, key features of the Efficient 403b include:
- no individual transaction charges
- low-cost ETFs and low asset-based management fees
- online performance and asset allocation reporting
- target-date portfolios.
EMA formed an alliance with FOLIOfn Institutional to provide trading, clearing, and custody for the Efficient 403b.
More information is available at www.efficient403b.com.