RIA Firm Rolls Out Advice Service

A Newton, Massachusetts-based advisory firm has announced the launch of a personalized investment advisory service for lower- and middle-income Americans.

According to a press release, I-Pension clients can receive money management services for as little as $.50 a day for 401(k) accounts.

“We’ve heard a lot about Universal Health care, both in the media and throughout the presidential elections; however, what about universal wealth care? Every American – including lower- and middle-class individuals – should have the right to financial security when they reach retirement age,” says Jane Mancini, CEO, I-Pension, a registered investment adviser.

I-Pension has no minimum account size and charges a flat rate for 401(k), 403(b), and 457 accounts: $1.00 a day for accounts of $40,000 or more, and $.50 a day for accounts under $40,000. There are no other costs, according to the firm.

“The unique thing about our program from the employer’s perspective is that they don’t have to change anything about their existing 401(k) plan,” says Mancini. “The I-Pension approach works with any plan administrator and any investment options.’

Non-Employer Account Options

For non-employer sponsored accounts, I-Pension charges a 1.0% annual fee, and, using low-cost index funds and ETFs, I-Pension also can provide a diversified asset-allocation program and a dedicated investment adviser for an all-in cost of 1.2% to 1.5%.

I-Pension clients complete a three-page questionnaire and are matched with an investment model that reflects their investment temperament, time horizon, and outlook. Every client is provided a personalized Investment Policy Statement that describes how his or her account will be managed. Accounts are monitored daily and kept on track using a rules-based rebalancing system, according to the firm.

More information about the I-Pension program is available at www.I-Pension.com.