Zacks Offers SMA to Mid-Market Plans

August 14, 2008 (PLANSPONSOR.com) - Zacks Investment Management, a Chicago-based registered investment adviser, has expanded its separately managed account (SMA) offering to the mid-size retirement plan market.

According to a news release, Zacks Retirement Plan Solutions is currently available to micro and small defined benefit and defined contribution plans, in a separately managed account structure.

Zacks said its separate account product is offered as part of its partnership with FOLIO fn Institutional, based in Vienna, Virginia.

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“Years ago, we saw an opportunity to use the same low-cost SMA structure that we incorporate in our private client business in the retirement plan market,” said Andy Zimmer, managing director of Zacks Wealth Management, in the announcement.

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