Leafhouse Packaged Solution Helps Advisers Support Plan Sponsors

LeafHouse Financial has unveiled its involvement in FlexPrecision, a new packaged program for retirement plans which offers a flexible and streamlined approach to plan administration for both advisers and plan sponsors.

According to the firm, the concept was created through the collaborative efforts of financial firms to help advisers support plan sponsors, whether they are retirement specialists or generalists.

The benefits of FlexPrecision are cost efficiency and flexibility. As the regulatory landscape shifts and demand to take on fiduciary risk increases, FlexPrecision aims to provide investment solutions while reducing the workload associated with serving employer-based retirement plans.

This program is ideal for retirement plans that range from start-up to millions of dollars in assets, Leafhouse says. FlexPrecision is low-cost and simplifies operations while providing access to well-known investment funds with LeafHouse 3(38) fiduciary investment manager protection. The advantages of working with this consortium allow financial advisers to concentrate on market opportunities and to cultivate new business.

The FlexPrecision offering is comprised of Voya Financial, a recordkeeping provider, and LeafHouse, an independent firm that delivers investment services. LeafHouse is responsible for fund selection, managed models and fund mapping. Funds included in the program are managed by Dimensional, Franklin Templeton and Lord Abbett.

According to the firm, with FlexPrecision, financial advisers gain access to operational guardrails to mitigate risk and enhance plan efficiencies while creating a more profitable business.