MG Advisory to Offer Managed Accounts on ExpertPlan Platform

MG Advisory Services, a wholly owned subsidiary of Matrix Settlement&Clearance Services (Matrix), has announced an alliance with ExpertPlan that will make MG Advisory's Individually Managed Account (IMA) product available on the ExpertPlan platform.

Through the alliance, money managers from firms such as Flexible Plan, Portfolio Strategies, CLS Investment, and Legend Advisory will now be available to ExpertPlan participants as part of their retirement package options.

The IMA product is designed for its recordkeeping customers who have their own recordkeeping systems and clear mutual fund trades with Matrix but, now that is it available through ExpertPlan’s private-label platform, MG Advisory’s IMAs are available to TPAs regardless if they own a system or clear through Matrix.