The platform is described by the firm as “one of the first platforms of its kind that allows 401(k) professionals to seamlessly incorporate mutual fund and/or ETF investment models into a retirement plan (see “Trust Company Introduces Investment Management Platform for 401(k)s“).
The nine management firms are:
- 3D Asset Management,
- Beaumont Financial Partners,
- Dorsey Wright Money Management,
- Clark Capital Management Group,
- CLS Investments,
- Fund Evaluation Group,
- Horizon Investments,
- Integrated Capital Management and
- JAForlines Global.
ModelxChange provides an interface through which managers can set-up and manage their investment models and then deliver those models and the investment changes to each individual 401(k). According to the announcement, these nine model managers are the first group to be added to the ModelxChange platform.
“We’re really pleased with the group of managers we’ve been able to assemble for the launch of ModelxChange.” said Tim Friday, CEO of Mid Atlantic Capital Group. “They provide a diverse range in ETF and/or mutual fund strategies to select from, yet each has a track record that a 401(k) Plan Investment Adviser can be confident in.”
According to the firm, ModelxChange simplifies the due diligence screening process by providing manager profiles, descriptions, performance data and other details of each model, reducing the amount of time required for the adviser to review the data necessary to make an effective choice for a client. Assets will be accepted into ModelxChange effective March 1, 2011.