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Products April 20, 2009
New Web Service Provides Advice to 401(k) Participants
Internet service 401kAdvisory provides investment recommendations to investors seeking 401(k) advice tailored to their particular situation and risk tolerance.
Reported by Rebecca Moore
According to a press release, the 401kAdvisory analyzes a client’s statement and risk profile and then prepares personalized advice, delivered via email, for a one-time fee of $49.95. The new Web site, www.401kAdvisory.com, was launched by Hal M. Bundrick and is a service of The Client First, a registered investment adviser (RIA) and Bundrick’s independent, fee-only financial consultancy.
Bundrick noted in the announcement that the 401(k) advice service can be offered by plan sponsors to employees at a group discount rate through private portal access to the site. The 401kAdvisory also offers an hourly consultancy rate for employers that wish to sponsor in-person one-on-one sessions with plan participants.
“This is a prudent investment process offering the same thoughtful recommendations that a certified financial planner professional would offer if he or she were sitting across the table from the client,” Bundrick said in the announcement.