Professional Capital Services Introduces ManagedPlan Program
PHILADELPHIA, PA, August 21, 2006 -- Professional Capital Services, LLC (PCS), a leading independent provider of daily valuation recordkeeping and administration services to 401k, 403b and 457 plans, has launched the ManagedPlan Program, a managed account platform offering a selection of independent investment managers each with a distinct philosophy and established record of performance. ManagedPlan offers financial advisors the ability to leverage the fiduciary services of truly independent investment managers - with no funds to push and no hidden agenda. ManagedPlan's investment managers (with combined assets under management of over $10 billion) specifically accept their fiduciary status and discretion in writing. As a result, under the ManagedPlan Program, a plan sponsor's fiduciary duty is not to invest or manage assets of the plan itself but simply to monitor the selected investment manager's performance.
In addition to its platform of independent fiduciary investment managers, the ManagedPlan Program features:
- A completely unbiased investment platform with no proprietary funds, no sub-advised funds and no revenue sharing requirements for fund inclusion;
- A pricing model that offers advisors the ability to set and adjust their compensation based on the size of the plan and the services provided;
- Full disclosure and offset of mutual fund revenue to reduce plan and participant expenses; and
- Expert plan administration combined with state-of-the-art technology to provide the highest-quality support in all aspects of plan administration and recordkeeping.
According to PCS' President, Mark B. Klein, Esq., "ManagedPlan's fiduciary services and uniform level of compensation will offer advisors the ability to take full advantage of the new opportunities offered under the Pension Protection Act of 2006."
Jim Marx, Director of National Sales at PCS, indicates that "ManagedPlan just isn't another recordkeeper-sponsored wrap program, but a true managed account platform offering a clear choice of independent fiduciary investment managers."
Plan sponsors have the choice of a fully bundled plan, or they can use a local third-party administrator. PCS will also provide advisors and their clients with participant education tools including a dynamic on-line risk tolerance questionnaire that helps determine the appropriate managed account choice. Support services include 24/7 account access to account information via telephone and the Internet.
About Professional Capital Services
Professional Capital Services, LLC ("PCS") was founded by the tax and ERISA attorneys at Dilworth Paxson, LLP, a 70-year-old Philadelphia-based law firm, to provide sophisticated retirement programs for the corporate, professional and governmental market. PCS specializes in creating customized 401k plans, both ERISA and non-ERISA 403b plans, 457(b) and (f) plans, profit sharing arrangements and executive-level non-qualified deferred compensation programs. PCS offers its services only through advisory firms, broker-dealers, mutual fund companies, TPAs and CPAs to offer a complete retirement program, including investment advisory services, customized education materials, a robust plan and participant website, account recordkeeping, and all-inclusive plan administration. For more information about PCS, please visit www.ManagedPlan.com.
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