Invest n Retire Adds PowerShares to Platform

Portland, Oregon-based Invest n Retire will now offer PowerShares exchange-traded funds (ETFs) on its platform for tax-deferred retirement plans, the companies announced yesterday.

Invest n Retire’s proprietary system allows employees to purchase shares of ETFs within retirement portfolios and also allows financial advisers to build asset allocation models from the ETFs for the plan.

“We are pleased to team with Invest n Retire, a leading innovator of ETF-based retirement accounts to provide investors a cost effective tax-deferred solution with access to PowerShares portfolios,” said Bruce Bond, President of PowerShares Capital Management, in a press release. “PowerShares’ unique suite of ETFs based on Intelligent Indexes, Intelligent Exposure and Intelligent Access provides investors unprecedented choices for their 401k, and other employer-sponsored retirement plans.”

Last month, Deutsche Bank and PowerShares Capital Management LLC launched seven PowerShares DB Commodity Sector exchange-traded funds, listed on the American Stock Exchange (See Deutsche Bank, PowerShares Launch 7 New ETFs).

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