Category Archives: automatic IRA rollovers

GuideChoice Introduces New Individual Retirement Account Program with Inspira

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Inspira

Inspira

GuidedChoice™, an industry leader in investment advice, managed account services, and strategic solutions for retirement plans and individuals, is launching a new individual retirement account (IRA) savings option that will utilize the Inspira® IRA platform. The new program will give current retirement plan participants, who access advice through the GuidedChoice platform, the ability to easily rollover assets into a GuidedChoice IRA. Additionally, individuals not currently using GuidedChoice will be able to open a GuidedChoice IRA and receive the same quality advice and affordable managed investments as plan participants.

“As defined contribution plans such as 401(k)s have grown to become the primary retirement tool for many Americans, the industry has responded with an impressive range of investment, advice, and management 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,” explained David Bernard, Chief Client Officer for GuidedChoice.

Bernard continued, “To help meet this need, we created the GuidedChoice IRA. This innovative solution runs on the same GuidedChoice platform that powers our offerings for 401(k) and other employer sponsored retirement plans. With the introduction of this new service, IRA investors can enjoy the same professional, independent investment advice that we give participants in thousands of employer plans. They can take advantage of everything GuidedChoice has to offer – including our easy-to-use, behaviorally-based online interface, expert customer service, and integration with our unique GuidedSpending retirement income solution.”

The GuidedChoice IRA program represents an alliance between two industry innovators. GuidedChoice is an independent investment advisory firm dedicated to showing everyday investors the way to financial freedom. Inspira, an ABG Capital portfolio company, has created an open-architecture IRA platform with eSignature account sign-up process, online servicing and accountholder support that brings down costs associated with IRA administration.

“We are delighted GuideChoice selected Inspira to deliver the GuideChoice IRA,” said Lowell Smith, President of Inspira. “We believe our partnership gives individuals the right balance of affordable managed investments and advice that is missing in the marketplace. With GuidedChoice providing advice and investment management and Inspira facilitating the IRA process, retirement savers can be sure their investments are optimized to meet their unique financial goals – with the same high levels of expertise, service, and support found in retirement plans at many of the nation’s most progressive companies.”

GuidedChoice IRA will be made available in the first quarter of 2013. For more details about the program, contact Ashley Avaregan, SVP of Sales at aavaregan@guidedchoice.com or 888-675-4532 x101

GuidedChoice is an independent investment advisory firm specializing in investment advice, managed account services and strategic solutions for corporate and public retirement plans, advisors and individual retirement plan participants in many of the largest defined contribution plans in the U.S. They are also the creators of the award-winning Financial Guidance Theory (FGT), developed for retirement income planning. For more information, visit http://www.guidedchoice.com.

Inspira is based in Pittsburgh, PA and is owned by ABG Capital.  Inspira was founded in 2002 and provides bundled providers, recordkeepers, third party administrators, financial advisors, affinity groups, broker dealers, CPAs and payroll companies with turnkey, cost-eliminating IRA solutions. For more information about Inspira, visit http://www.inspirafs.com

ABG Capital’s Portfolio Company, InspiraFS, Enters Strategic Partnership with Benefit Trust Company

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ABG Capital portfolio company, Inspira, the retirement industry’s low-cost IRA provider, has signed an agreement with Benefit Trust Company that gives Inspira another Custodial and Trading platform to offer to its clients. The two companies are also planning to mutually market Inspira’s IRA rollover services to the Benefit Trust Company’s existing clients and prospects.

“Not only are we adding a third custodial and trading option for our growing list of partners, but we’re opening a door to new markets and new relationships,” said Lowell Smith, President of Inspira. “We believe Benefit Trust Company shares our long-term vision for this relationship, and we’re both excited to get started.”

Benefit Trust Company, a privately owned, non-depository trust company based in Overland Park, Kansas, joins Mid Atlantic Trust Company and MG Trust as IRA custodians on Inspira’s platform. The partnership with Inspira allows Benefit Trust Company to further expand its already robust suite of IRA services for its current partners while also providing another attractive service offering to prospective clients.

“This partnership is a win-win for us,” said Bradley Scafe, President of Benefit Trust Company. “We believe that by utilizing an up-and-coming platform like Inspira’s, we’ll be able to retain assets that often transfer out of our platform as a result of automatic and voluntary IRA rollovers, enabling us to maximize our current business and increase our marketability going forward.”

Inspira was founded in 2002 and provides bundled providers, recordkeepers, third party administrators, financial advisors, affinity groups, broker dealers, CPAs and payroll companies with turnkey, cost-eliminating IRA solutions.  They are owned by ABG Capital and are based in Pittsburgh, PA.  To learn more about these companies visit them at http://www.abgcapital.com and http://www.inspirafs.com.