Products January 15, 2010

Kravitz to Offer Cash Balance Plan Administration Workshops

Kravitz, provider of cash balance plan design and administration, is launching a series of free Cash Balance Administration workshops and Webinars for plan sponsors.
Reported by

According to a press release, Kravitz consultants will teach participants cash balance basics and provide insight into how to manage day-to-day plan administration issues. The workshop will include topics such as data submission timelines, actuarial reports, funding, testing, valuations, trusts, and investments.

The workshops will take place in January, March, and May. A session will be hosted at Kravitz headquarters in Los Angeles, while others will be conducted as interactive Webinars, the company said. In-house workshops are limited to Kravitz clients, but anyone is welcome to participate in the Webinars.

For registration or for more information, www.CashBalanceDesign.com, e-mail Seminar@KravitzInc.com, or call 818.379.6182.


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Products January 15, 2010

Schwab Performance Lowers Fees for Portfolio Services

Schwab Performance Technologies (SPT), a provider of technology solutions for registered investment advisers (RIAs), announced changes to its pricing structure.
Reported by

According to an announcement, SPT is lowering the annual minimum fee for PortfolioServices, the company’s hosted performance reporting solution, from $15,000 to $12,000, and is also lowering the annual per account fees by 20%.

In addition, SPT is introducing an Emerging Practice option for SPT client firms with fewer than 100 accounts and less than $50 million in assets under management. Firms that qualify as an Emerging Practice will have their annual fee reduced to as low as $8,000 a year, the announcement said.

PortfolioServices was introduced in 2008 to provide RIAs with an outsourced option for portfolio data management (see “Schwab Updates Back-Office System for RIAs”). Advisers are able to view client holdings, generate client presentations, and create invoices.

“As part of our ongoing commitment to provide value to advisers and help remove barriers to growth, we decided to change the pricing structure for PortfolioServices to allow as many firms to take advantage of SPT’s outsourcing services as possible,” said Neesha Hathi, vice president of technology solutions for Schwab Advisor Services, in the announcement.

Advisers interested in hearing the new detailed pricing schedule for PortfolioServices or PortfolioCenter should call Schwab Performance Technologies at 1.800.528.9595. More information about Schwab Performance Technologies is available at www.schwabpt.com.


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