DWS Scudder Launches Proprietary Analytical Tool for Plan Sponsors
BOSTON, MA, March 20, 2008 -- DWS Scudder announced today the launch of ClientScope™, an innovative, proprietary analytical tool to assist plan sponsors and financial advisors in evaluating their defined contribution plan’s competitiveness while helping them to address their fiduciary responsibilities. A unique multi-step methodology provides a current plan snapshot and offers proactive solutions to help ensure plan sponsors and financial advisors are administering a plan in a way that provides the most benefit for participants.
Using ClientScope, a dedicated relationship manager examines a plan’s effectiveness annually in four vital categories: investments, administrative services, ERISA/compliance and communication & education. A personalized report of the plan’s overall offering within each category is generated and actionable, proactive recommendations for potential enhancements are then provided.
Roger Gray, Head of Relationship Management for DWS Scudder Retirement Services said, “ClientScope is a sophisticated product that represents a new generation of easy-to-use diagnostic tools for plan sponsors to better service their participants. Its development further proves our commitment to providing innovative tools and services that address the evolving needs of our plan sponsors. By providing proactive and personalized action steps for plan enhancements, ClientScope will help sponsors offer a retirement plan benefit that strives to provide participants with successful retireability in the 21st century.”
ClientScope is designed to respond to plan sponsors’ and financial advisors’ search for an advanced resource to evaluate key aspects of a plan against best practices and help to streamline the fiduciary process. ClientScope goes a step further by delivering a personalized report with recommended enhancements to help exceed client expectations.
About DWS Scudder
With over $39 billion under management in retirement-related assets (as of 12/31/07), DWS Scudder has nearly 30 years of experience in the retirement planning space and in the development of products that meet the needs of plan sponsors and advisors. DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company.
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