Products January 6, 2010

TD AMERITRADE Introduces New Roth IRA Resources

January 6, 2010 (PLANSPONSOR.com) - TD AMERITRADE has unveiled a new series of IRA-focused tools and resources it says are "to help investors better understand how the new 2010 Roth IRA modifications may impact their retirement investments."
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According to a press release, the new resources include:

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  • A Roth Conversion Analyzer tool that can help clients make more informed decisions about whether or not converting to a Roth IRA is appropriate for them;
  • In-depth answers to frequently asked questions on tax implications;
  • An online chat capability prepared to address clients’ IRA conversion questions with immediate responses;
  • Support and guidance from a dedicated group of Chartered Retirement Planning Counselors; and
  • A professional version of the Roth Conversion Analyzer tool, created specifically for the company’s registered investment adviser clients, to assist them in answering their clients’ more in-depth questions.

TD AMERITRADE explained that prior to the 2010 tax year, investors with modified adjusted gross incomes of more than $100,000 were ineligible for such a conversion, but this year the stipulation has been removed.

A recent TD AMERITRADE survey found 44% of respondents who have a retirement savings account that could be converted to a Roth IRA said they are still undecided on the matter, and 45% of that group said their indecisiveness is because they need more information (see Investors Want More Infor before Converting to Roth IRA).

For more information, go to http://www.tdameritrade.com/planningretirement/ira/overview.html.

Products January 6, 2010

CUSO Launches ActivePassive Portfolios

January 6, 2010 (PLANSPONSOR.com) – CUSO Financial Services (CFS) a full-service broker dealer and registered investment adviser, has launched the ActivePassive Portfolios on the CUSO Asset Management (CAM) platform.
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A news release said advisers using the platform can select from 14 portfolio categories to meet a range of investor risk profiles and serve different investor tax situations. CFS is a provider of investment and insurance solutions to credit unions.

“Credit union members and their financial advisers face a confusing barrage of comparisons between the lower cost of passive management (index-based mutual-funds and ETFs) versus the performance of actively managed funds,” said Steve Hollenbeck, senior vice president, marketing, CFS, in the news release.

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In addition to the ActivePassive Portfolios, the CFS platform offers mutual fund models, unified managed accounts, ETFs, separate account managers, and adviser-directed managed accounts, the news release said.

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