Products December 14, 2010

Mid Atlantic Trust Company Announces IRA Solution

December 14, 2010 (PLANSPONSOR.com) - Mid Atlantic Trust Company (MATC) has worked with Inspira to create an IRA capture solution that enables clients to enter the automatic and voluntary rollover business quickly.
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With Total IRA Plus, plan participants looking to roll over retirement accounts get a choice of screened investment options and are also given asset allocation tools to help them choose the portfolio that best suits their needs. Participants that are automatically rolled into Total IRA Plus are encouraged to diversify their investments beyond the initial Safe Harbor investment, according to a press release.   

New IRA accountholders also have 24/7 access to account information via the internet and a toll-free number, as well as access to skilled IRA customer service representatives seven days a week.  

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“Many of our qualified plan recordkeepers understand that the IRA plays a major role in retirement savings and that they are constantly losing accounts and revenue from qualified plans to IRA rollovers. However, many of those clients are not in a position where they can offer a compliant solution that doesn’t involve essentially transferring assets to a competitor,” said Tim Friday, Group CEO of Mid Atlantic Capital Group and officer of MATC. “With this solution, recordkeepers get paid each year for every IRA account maintained by Mid Atlantic and Inspira, two entities that do not compete with them, but simply provide outsourced services which help their clientele attract, grow, and maintain assets.”
Investing December 14, 2010

U.S. Stock ETFs Favored in November

December 14, 2010 (PLANSPONSOR.com) - ETFs saw inflows of $10.3 billion in November, pushing year-to-date inflows to $95.6 billion and total industry assets to $951.5 billion, according to data from Morningstar.
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U.S. stock ETFs, with inflows of $7.9 billion, topped all ETF asset classes in November, followed by international-stock ETFs with weaker, yet positive flows of $2.3 billion as a result of renewed sovereign credit fears in Europe and a stronger U.S. dollar, according to a press release.   

Vanguard collected $6.3 billion of the $10.3 billion assets added industrywide in November. The firm’s ETF assets rose more than 62% over the last 12 months, allowing it to capture nearly 15% of the market share.   

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After recording inflows during every month this year, taxable-bond ETFs saw outflows of $660 million in November.   

Silver ETFs continued to see healthy inflows. Investors looking to increase their commodities allocations may see silver, which has seen price appreciation of 65% year to date, as a good alternative to gold, which has gained 26% over the same period.   

To view the complete report, please visit http://www.global.morningstar.com/novflows10.

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