Conrad Siegel Investment Advisors Launches New Automatic Risk Reduction Program
Harrisburg, PA (PRWEB) July 18, 2013 -- Conrad Siegel Investment Advisors, a wholly-owned subsidiary of Conrad Siegel Actuaries, announced today the launch of its Automatic Risk Reduction program.
Automatic Risk Reduction aims to help 401(k) plan participants ensure they are taking the necessary steps to gradually become more conservative with their investment portfolios as they near retirement. The program combines the simple, automatic changes from the popular target retirement date funds with Conrad Siegel’s transparent risk based portfolios. Participants will be able to select an appropriate risk based portfolio that will automatically become more conservative as they age.
“Most participants don’t take an active role with their 401(k) plan and desperately need an automated system to adjust their risk level over time to reach their retirement goals,” said Tara Mashack-Behney, President of Conrad Siegel Investment Advisors, Inc. “The Automatic Risk Reduction Program combines the best features of risk based portfolios and target retirement date funds. We are thrilled that our new program extends our practice of keeping clients 401(k) plans and investments simple, easy to understand and effective.”
Target retirement date funds have a number of downfalls, including their one shoe fits all philosophy, lack of transparency and exclusive use of proprietary funds. Unlike other 401(k) products, the Automatic Risk Reduction program allows risk reduction schedules to be tailored to meet the individual needs of each participant along with low fund expenses and transparency in how the portfolios are managed.
As the program is rolled out to existing Conrad Siegel Investment Advisor 401(k) clients over the next few months, Conrad Siegel Investment Advisors will work with plan sponsors to determine which features of the program will be appropriate for their employees. Participants in the program will receive their own risk reduction schedule with notifications from Conrad Siegel each time their portfolio steps down as they move towards retirement.
To learn more about Conrad Siegel Investment Advisors, please visit conradsiegelinvestmentadvisors.com.
About Conrad Siegel Investment Advisors, Inc.
Conrad Siegel Investment Advisors, Inc. is a wholly owned subsidiary of Conrad Siegel Actuaries, one of the largest and most respected employee benefit firms in Pennsylvania. Conrad Siegel Investment Advisors, Inc. provides independent investment advisory services to retirement plans and high net worth individuals. They have no ties to any financial institution and do not receive commissions, therefore, allowing them to make recommendations in their clients’ best interest. For more information, please visit http://www.conradsiegelinvestmentadvisors.com.
Gina Zuk, Conrad Siegel Investment Advisors, http://www.conradsiegel.com/, (443) 604-5203, [email protected]
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