Products March 20, 2014

Castle Rock and fi360 Integrate Solutions

Retirement plan technology providers fi360 and Castle Rock Innovations launched a collaborate solution that combines the firms’ various data technologies and adviser tool sets.
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The new offering provides a “zero touch” solution that integrates the two firms’ mutual products and services, such as the fi360 Toolkit for Advisors and Castle Rock’s AXIS Retirement Analytics Platform.  

“Both fi360 and Castle Rock have numerous products and services that cater to the retirement industry, many of which are complementary,” explains Blaine Aikin, CEO of fi360. He says the partnership between the two firms will ensure fi360’s adviser tools complement Castle Rock’s data solutions.  

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The solution allows home office staff and advisers to view their respective books of retirement plan business without having to move data entries into multiple systems.  Within the solution, clients can review and report on their consolidated data sets, prepare plan benchmark reports, and create 408(b)(2) fee disclosures from a common framework.  Individual advisers can use the solution to evaluate and monitor the investments in their plans using the fi360 Fiduciary Score, or other homegrown due diligence processes. 

“We’re excited to see this collaborative effort come to fruition,” adds Khash Sarrafi, CEO of Castle Rock. He explains that the joint venture is built on the legacies of fi360 as an adviser software provider, and Castle Rock as a plan data aggregator and disclosure services provider.

Sarrafi says the fully-automated, technology-driven collaboration should allow clients to focus on managing and marketing their respective services and growing their book of business.

Home offices that are interested in the solution can contact enterprise sales at fi360 (steve@fi360.com) or Castle Rock (randy.namin@castlerockinv.com).

Products March 20, 2014

Pensionmark Releases Document Storage System

Pensionmark Retirement Group recently launched its Employer Document Vault, an enterprise-level document storage system that can manage thousands of client records and millions of documents.
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The system is designed to offer clients the ability to access key retirement plan documents anywhere and anytime via the cloud.

Each client is provided with a “document vault” that is specific to their company’s retirement plan and manages documents such as quarterly investment reports, plan reviews, benchmarking reports, documented plan projects and educational materials. Clients can use the system to search for specific content across Word documents, Powerpoint presentations, PDF files and emails. They can also share documents and collaborate with others through the system.

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The Employer Document Vault includes a built-in backup, document restore features, and local device caching for offline mode.

“We designed our new document vault to be an enterprise-level collaborative tool for plan sponsors to engage plan documentation, rather than a simple online repository. The enhanced functionality allows us to work with our clients in the cloud in real time, while offering traditional document storage capabilities,” says Troy Hammond, president and CEO of Pensionmark in Santa Barbara, California.

Pensionmark Retirement Group provides retirement specialists on defined contribution and defined benefit retirement plans, as well as executive and deferred compensation plans.

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