Austin Wealth Management Leader Richard P. Slaughter Associates Expands Into 401(k) Services

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Wealth management leader Richard P. Slaughter Associates brings nearly 20 years of experience building successful portfolios for high net worth individuals to small and mid-sized companies with the launch of Slaughter 401(k) Services, offering plan sponsors an investment co-fiduciary partner while providing employees with service, education and results.

401(k) Services

"Our goal is to bring our wealth management experience for high net worth individuals to work for companies, offering partnership for sponsors and results for employees."

Richard P. Slaughter Associates, an Austin-based wealth management firm, announced today that it has launched Richard P. Slaughter Associates 401(k) Services, a new division that will provide 401(k) services to small and mid-sized companies.

“We believe a 401(k) should truly be a benefit for the employees of a company and should actually provide a path for retirement and financial independence, however, it is never something that should put a company at risk," said Brooks Slaughter, CEO of Richard P. Slaughter Associates. "Our goal is to bring our wealth management experience for high net worth individuals to work for companies, offering partnership for sponsors and results for employees."

Slaughter Associates 401(k) offers a four-point advantage to provide clarity, transparency and service that is unprecedented in the industry, focusing on value, choice, advice and partnership.

One of the keys of the Slaughter Associates 401(k) service to the plan sponsor is serving in the role of co-fiduciary. The liability associated with being a plan fiduciary can cause a lot of strain on a company and it's plan sponsor. Slaughter Associates partners with plan sponsors as an investment co-fiduciary, a role that most other 401(k) plan providers refuse to accept. This status transfers the liability of selecting and monitoring investment choices from the plan sponsor to Slaughter Associates, which assures employees and the company receive the investment choices they need and are required by law.

"Having an independent investment professional taking on the liability associated with the investment management of your 401(k) is significant," said Bob Tabor, Vice President of Richard P. Slaughter Associates. "You will know that your individual plan will be taken very seriously."

Ultimately, it's about answering the needs of the participant. Though choice and fees have been 401(k) selling points, performance is becoming more and more important. Lack of time, lack of education and emotional decisions are leading to less than stellar 401(k) performances and frustration on the part of the plan participant. This is where problems begin for the plan fiduciary. Service, performance and transparency of fees is at the core of the fee-only financial advisory business and offering that in a 401(k) plan is a game changer for the plan participant as well as the plan sponsor.

The keys for plan participants from Slaughter Associates 401(k) include transparency and investment choice. Slaughter Associates provides employees with a time-tested investment selection process that has been building successful portfolios for high net worth individuals for nearly 20 years. The funds that make it through Slaughter Associates rigorous screens for performance, manager stability, track record, fundamentals and style are the best available to any 401(k) and are entirely independent and free of any conflicts of interest.

"Understanding what fees are being paid and to whom they are paid is the cornerstone to a proper evaluation of your plan's true value," said Tabor. "Uncovering these fees from their often very thick veil can be daunting. We feel the service of making the fees very competitive, reasonable and easy to understand just adds to the already significant value we deliver to each plan.”

About Richard P. Slaughter Associates 401(k)

For nearly two decades, high net worth individuals have trusted Richard P. Slaughter Associates to manage their assets and provide guidance for reaching their financial goals.

In 2010, Slaughter Associates launched the division of 401(k) Services in order to bring the same array of investment choices for 401(k) clients that it has for high net worth clients - quality portfolios that are balanced and diversified.

Richard P. Slaughter Associates 401(k) helps clients manage and maximize their 401(k) with personalized service, financial expertise, and superior investment returns in a fee-only open-architecture structure not often found in the benefits industry.


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