Products June 10, 2001

Car Dealers Get mPowered Advice

October 18, 2000 (PLANSPONSOR.com) - The National Automobile Dealers & Associates Retirement Trusts (NADART) has picked mPower to provide online financial advice to the 150,000 members of its Investment Choice 401(k) plan at auto dealers across the country.
Reported by

Once the NADART-mPower service launches in 2001, each plan participant will have a personal home page on mPower’s advice site, customized with their plan’s rules and the NADART investment menu.

Participants will provide information regarding their financial objectives, time horizon and risk tolerance, and will then receive fund-specific allocation recommendations based on their personal retirement planning goals.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

mPower also offers a daily market analysis and a “what if” functionality that allows participants to see the impact of changing their risk tolerance or investment time horizon.

NADART is a non-profit trust that maintains over $3 billion in assets for over 150,000 participants at dealerships nationwide.

– Nevin Adams          editors@plansponsor.com

Products June 9, 2001

vFinance Acquires Hedge Fund Manager

September 6, 2001 (PLANSPONSOR.com) -- vFinance, Inc. an investment banking and brokerage firm, has acquired Critical Advisors, the hedge fund management company for the Critical Infrastructure Funds.
Reported by

New York-based Critical Infrastructure Fund I invests in equities and bonds of companies in regulated industries such as telecommunications, Internet, cable television, and electric utilities infrastructure. The fund was founded in 1999.

Under the terms of the agreement, the Critical Infrastructure Funds will keep its name as it becomes part of the vFinance product line.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

Two of the fund’s founders, Kathleen Wallman and Joseph Daniel, will continue to participate in its management.

«