Advisors Access 401k Platform Introduced
ATLANTA, GA, September 10, 2007 -- With lawsuits over undisclosed fees…disappearing pension plans, uncertainty of the future of Social Security, the Pension Protection Act, and the daily demands of running a successful law practice, is it any wonder that legal professionals struggle to keep up with saving for retirement.
To help overcome these issues, Capital Directions Investment Advisors, LLC has created the Advisors Access 401k platform. The independent RIA's experience serving as the fiduciary advisor to two of the South's leading law firms for over seven years has given Capital Directions a unique perspective on the retirement planning needs of legal professionals.
"Our experience has shown that participants don't want more choice, they want more help", said Scott Pritchard, Managing Director of Advisors Access. "Even the most intelligent, highly educated participants have trouble developing, implementing and monitoring a successful investment strategy on their own. That's why we've done it for them following Modern Portfolio Theory and offering a simplified line-up of broadly diversified Advisor-Managed Portfolios."
Plan sponsors have historically been unwilling to offer the help needed by participants for fear of the fiduciary liability. "As an independent, fee-only advisor, Capital Directions, not the plan sponsor, has the fiduciary liability for the investment decisions made in the plan. That is a real differentiator our clients value a great deal", said Pritchard.
"Combined with fully transparent fee disclosure, our one-on-one advice and fiduciary liability protection truly represent a better mousetrap for 401k plans."
About Capital Directions Investment Advisors, LLC
Founded in 1985, Capital Directions is a registered investment advisor with the Securities & Exchange Commission under the Investment Advisors Act of 1940. With offices in Atlanta and Asheville, NC, the firm currently manages approximately $650 million in assets for retirement plans, foundations, trusts, endowments and high-net-worth individuals. For more information, please visit www.capdir.com.
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