Minneapolis, MN (PRWEB) October 08, 2014
Most advisors working with retirement plans do so as part of their broader wealth management practice. Many financial advisors typically enter the retirement plan marketplace unintentionally, often on a referral from a wealth management client who happens to serve as the plan sponsor or fiduciary on their employer’s qualified retirement plan.
“One of the greatest benefits of Fiduciaryk is that it provides me an easy-to-follow roadmap to go after retirement plans. They have a well-defined sales process, appointment setting solutions, support tools, documents, and reporting capabilities second to none. What I really like is that their back-office will run the complete plan review including a comprehensive analysis on the investments, fees and plan comparisons and I don’t have to subscribe to any third party tools or services,” said Michelle Bertram, Financial Advisor, who has been using the service since it was made available.
Fiduciaryk includes some of the top providers in the retirement plan marketplace including:
- Redhawk Wealth Advisors –ERISA 3(38) investment manager.
- July Business Services – Recordkeeping and administration.
- F-Squared Investments - Tactical manager with target risk portfolios that provide downside protection.
- 3D Asset Management - Strategic manager with target risk and target date portfolios that have a downside risk protection component.
- Mid Atlantic Trust Company – custodian and trading.
- Matrix Trust Company– custodian and trading.
“Fiduciaryk can be used by any advisor, fee based or commission-based, and whether or not affiliated with Redhawk. It’s very easy for any advisor to gain access by registering at the site. We launched Fiduciaryk at the start of the year and already have over $1 billion in proposal activity, and we haven’t started marketing the service,” said Dan Hunt, CEO, Redhawk Wealth Advisors.
“Fiduciaryk helps advisors capitalize on retirement plan opportunities; strong fiduciary oversight coupled with well-known professional money managers allows advisors to grow the retirement related part of their business. When you think about it, advisors place their best wealth management clients into professionally managed portfolios, and Fiduciaryk allows advisors to do the same thing inside retirement plans,” said Rick Keast, Senior Vice President, Redhawk Wealth Advisors.
“We are excited to have the opportunity to build and support the sales technology and ongoing recordkeeping services for Fiduciaryk. This solution streamlines the sales process for advisors and gives them greater access to the benefits of a true open architecture platform. Fiduciaryk also aligns with JULY’s goal of simplifying retirement plans for advisors, plan sponsors, and participants,” said John Humphrey, COO of July Business Services.
To access all of the tools and resources available under Fiduciaryk, advisors can register on the site at http://www.fiduciaryk.com.
About Redhawk Wealth Advisors
Redhawk Wealth Advisors, Inc. is an SEC Registered Investment Advisory (“RIA”) firm based in Minneapolis, Minnesota. The firm provides wealth management, retirement plan, and practice management services to independent advisor representatives and their clients. To learn more, visit http://www.redhawkwa.com.
July Business Services is a leading retirement plan provider that helps financial advisors and third party administrators deliver successful retirement plan strategies through its fully independent, open-architecture retirement plan platform. JULY brings unbiased, expert knowledge to all facets of the retirement plan process including customized plan design, leading technology, and hands-on implementation and management of the plan. JULY supports clients with an expansive, conflict-free investment platform, including Exchange Traded Funds (ETFs), collective trusts, professionally managed portfolios, and mutual funds. For more information about JULY, visit http://www.julyservices.com.