Individual Participant Advice Program (IPA)
Is choosing your own investments in your workplace retirement something you wish you had help with? Is your workplace retirement plan invested to work in tandem with your other investments to get the results you desire?
If you are asking yourself these questions, then the Individual Participant Advice (IPA) program could be a good fit to help with these issues.
Retirement planning is integral to your overall financial plan. For many Americans their retirement assets represent the bulk of their savings. The IPA program was developed to help when advisors were approached by clients to allocate and manage assets within their employer sponsored plan, such as a 401(k). This is a great option for BMG Advisors to provide a heightened level of service and positive client experience.
The Individual Participant Advice (IPA) program permits BMG Advisors to offer advisory services to participants of retirement plans held directly at the plan’s recordkeeper or custodian. These advisory services include ongoing management and advice regarding the investment options made available to participants by the plan. The advisor exercises discretionary account management of the participant’s retirement plan using unique user ID and password credentials for online trading and review access provided by the custodian. This is a very secure process and we never require your individual login credentials.
What custodians can we work with? Currently providers that meet LPL’s program criteria are (this is a dynamic list and subject to change):
TIAA CREF
Charles Schwab PCRA
SS&C (TRAC)
If you currently have a workplace retirement plan with any of these providers, a discussion into how this works may be beneficial to your long-term financial planning goals. Even if your plan is not on this list, we would still be happy to review your options within the plan you have to help it align with your overall long term goals.
Regards,
Steve
This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this material .