Products July 27, 2010

Navix Offers a Way “Out” for Business Owners

July 27, 2010 (PLANSPONSOR.com) - Business owners looking to move on to a different life stage now have a new option. 
Reported by

White Horse Advisors, LLC has unveiled a 14-step process for business value creation and exit planning.

The process, termed Navix by the Atlanta, Georgia-based firm, provides a framework for White Horse Advisors’ exit planning clients to chart a course for their business and personal goals.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

According to a press release, the 14-step process takes business owners from the initial determination of exit strategy, through risk management, tax and succession planning, and eventually to life after exit. 

“Exit planning is the conscious effort to grow your business in a manner that can efficiently convert ownership into personal financial freedom and confidence,” said Patrick Ungashick, president of White Horse Advisors. “In our experience, most business owners have more than half of their personal net worth tied up in the business and its supporting assets. Navix identifies and implements strategies designed to maximize business value and tax-efficiently extract that value for personal financial freedom.”

White Horse Advisors, LLC is an independently-owned provider of financial advisory services to owners of closely-held businesses and retirement plan sponsors.

For more information on Navix, visit www.whitehorseadvisors.com.

Investing July 27, 2010

State Street Master Trust Universe Sees Loss in Q2 2010

July 27, 2010 (PLANSPONSOR.com) - State Street Corporation reported that the median return of the State Street Universe (SSU) of total plans fell 4.4% in the second quarter of 2010, versus a 3.4% gain in the prior quarter.
Reported by

For the year ended June 30, 2010, the plans earned 13.1%.  

In the second quarter, master trust funds of greater than $1 billion fell 4%, losing less than smaller master trust funds, which fell 4.4%. Corporate plans lost 4.6%, endowments and foundations lost 4.5%, public plans were down 4.9%, and Taft Hartley plans lost 4.7%.  

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

For the year ended June 30, 2010, corporate plans were up 14.3%, with the highest returns for the year ending June 30, 2010, while public funds gained the least, rising 12.7%.  

According to State Street, U.S. Equity Funds fell 10.8% in the second quarter, trailing International Emerging Market Funds, but less than International Developed Market Equity Funds which lost 12.3%. Although International Emerging Market Equity funds fell 8.4% in the second quarter, on a year-over-year basis they rebounded sharply, rising 23.3% in the last 12 months after plummeting 28.0% in the prior year.   

For the year ending June 30, 2010, U.S. Equity Funds also showed strong gains, up 16.6%. Fixed Income Funds also did well over the last 12 months, with Global Fixed Income Funds up 11.0% and U.S. Fixed Income Funds rising 12.4%.  

The SSU consists of a range of funds custodied at State Street and funds provided by the Independent Consultants Cooperative (ICC). It includes the total plans of a wide range of plan sponsors and the individual funds that comprise each plan. The approximately 20,000 portfolios in the State Street Universe constitute a combined asset value of more than $2 trillion.

«