Products January 5, 2011

Folio Advisers Gain Access to HCM 401(k) Optimizer

Howard Capital Management (HCM) and Folio Institutional have made an arrangement to enable Folio-affiliated advisers and their clients to use HCM’s retirement plan analysis tool.  
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According to a press release, Howard Capital Management’s 401(k) Optimizer provides individualized advice for participants in 401(k), 403(b), 415(m), 457 and other company-sponsored retirement plans on a Web-based platform.The tool analyzes a plan’s available funds and provides a customized recommendation of how much to invest in which of the funds, based on a participant’s age, risk tolerance, and financial profile.

Advisers who sign up for the HCM 401(k) Optimizer Website are provided a privately-branded landing page on the site, featuring elements such as the adviser’s photo, company description, and logo. The adviser’s clients access the site using a special access code, and receive a 10% discount on the normal subscription charge of $348 per year (or $98 per quarter). 

Following the initial analysis and recommendation, participants and their advisers receive quarterly e-mail updates recommending adjustments to the investment allocation.  The HCM 401(k) Optimizer may be used by advisers working with individual 401(k) participants, or those who service corporate 401(k) or other retirement plans.   

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