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Products October 7, 2014
Redhawk Launches ‘Fiduciaryk’ Solution for Plan Advisers
Full-service registered investment adviser (RIA) Redhawk Wealth Advisors Inc. has introduced Fiduciaryk, a turn-key solution for financial advisers to prospect and service qualified retirement plans.
Reported by PLANADVISER staff
The firm is partnering with a number of providers on the introduction of Fiduciaryk, including Redhawk Wealth Advisors as the solution’s 3(38) investment manager; July Business Services as the recordkeeper and administration provider; F-Squared Investments as a supporting tactical manager with target-risk portfolios tailored for downside protection; 3D Asset Management as a supporting strategic manager with target-risk and target-date portfolios also featuring a downside risk protection component; Mid Atlantic Trust Company as the custodian and trading services provider; and Matrix Trust Company, also providing custodian and trading services.
By using the tools and resources available in Fiduciaryk, Redhawk says financial advisers can grow their practice and compete against seasoned retirement plan professionals. Fiduciaryk is designed for advisers who want to accelerate growth and may have only a couple of retirement plan clients or are looking to enter this space for the first time.
According to Redhawk, many advisers working with retirement plans do so as part of their broader wealth management practice. Many financial advisers even enter the retirement plan marketplace unintentionally, the firm says, perhaps on a referral from a wealth management client who happens to serve as the plan sponsor or fiduciary on their employer’s qualified retirement plan.
To meet the business needs of these advisers, the Fiduciaryk solution delivers a defined sales process, appointment setting solutions, client support tools, documentation, and reporting capabilities. Additionally, Redhawk’s back-office can run complete plan reviews, including a comprehensive analysis on the investments, fees and plan comparisons.
To access all of the tools and resources available under Fiduciaryk, advisers can register online at www.fiduciaryk.com. Earlier this year, Redhawk announced a partnership with online investment advice provider Jemstep to deliver digital investment advice solutions under the Redhawk Online Advisor brand.