Products January 5, 2010

Lord Abbett Waives IRA Fees—Even on Shipping

Investment management firm Lord, Abbett & Co. LLC (Lord Abbett) said today that it will waive the annual custodial fee for every new Lord Abbett IRA opened between January 1 and April 15.
Reported by

The firm is also paying the FedEx shipping charges currently absorbed by the financial adviser for submission of paperwork to open each new account.

Furthermore, advisers will have access to senior retirement experts, such as Jim Farley, director of the Lord Abbett Retirement Research, in order to consult with them about Roth conversions and other IRA topics. “Typically, Lord Abbett experts like Jim Farley have only been available to advisers through group presentations, Webcasts, and the articles they write,” said Mike Weldon, Lord Abbett partner and director of Marketing, in an announcement. “Through this program, we are making them available to advisers on a one-on-one basis.”

Advisers can also find IRA-focused resources on Lord Abett’s new adviser Web site (www.lordabbett.com/advisor/freeira).

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