According to a press release, the Memphis-based holding company First Mercantile will provide recordkeeping, administrative and investment services for the product. Scott & Stringfellow is based in Richmond, Virginia.
The product includes a Web site through which plan sponsors and defined contribution plan participants can check their account balances, change their investment allocations, view customized reports of their account and access education materials.
First Mercantile will also provide recordkeeping for Scott & Stringfellow’s CHOICE asset management portfolios.
For more information visit https://www.scottstringfellow.com/ss/.