Pittsburgh, PA and La Jolla, CA (PRWEB) June 18, 2013
Inspira and GuidedChoiceTM today announced the release of Pinnacle IRA powered by GuidedChoice. The new managed IRA service provides account holders with high quality, low cost investments that will be professionally managed by GuidedChoice, an industry leader in investment advice, managed account services, and strategic solutions for retirement plans and individuals.
“As defined contribution plans such as 401(k)s have grown to become the primary retirement vehicle for many Americans, the industry has responded with a vast array of investment, advice and managed account solutions to help people make the most of them. But there is a gap for investors who leave their employer’s retirement plan – or who don’t have access to one in the first place,” said David Bernard, Chief Client Officer for GuidedChoice.
In response to this service void, Inspira and GuidedChoice created Pinnacle IRA. Inspira handles the record keeping, while Pinnacle IRA investments are managed by GuidedChoice through the same advice platform that powers the company’s employer-sponsored retirement plan services. Pinnacle IRA’s custodian is Benefit Trust Company.
Through the partnership, Pinnacle IRA accountholders get the benefit of being invested in low-cost, institutionally priced mutual funds and ETFs, with fees that are less than half of many products and services currently in the market.
“This offering is not just about lower costs,” said Lowell Smith, President of Inspira. “Pinnacle IRA is a one-of-a-kind, professionally-managed IRA with no minimums, featuring only institutionally priced funds that are traded in an omnibus, or pooled, setting. It’s an exciting new product.”
Pinnacle IRA is available to all investors because it has no account minimums, making it an affordable option for individuals who don’t meet the high asset threshold requirements of most advisors, brokers or financial institutions, but who still want a professionally managed account. Individuals can easily open and access their new IRA through the PinnacleIRA.com portal.
Financial professionals, institutions and record keepers looking to offer their clients of all sizes a managed account IRA that is professionally managed at institutional pricing will also find this product attractive. Custom private labeling is available for qualified firms.
For more information, please contact Inspira at 1-877-472-1872.