Austin Asset Manager Launches 401(k) Division

March 19, 2010 ( - Richard P. Slaughter Associates, an Austin-based wealth management firm, has launched a new division that will provide 401(k) services to small and mid-sized companies.

Richard P. Slaughter Associates 401(k) Services offers clarity, transparency, and service focusing on value, choice, advice and partnership, according to a press release. A key feature of the new division is Slaughter Associates partners with plan sponsors as an investment co-fiduciary, the firm said.       

The company takes on the liability of selecting and monitoring investment choices from the plan sponsor, which assures employees and the company receive the investment choices they need and are required by law.       

“We believe a 401(k) should truly be a benefit for the employees of a company and should actually provide a path for retirement and financial independence, however, it is never something that should put a company at risk,” said Brooks Slaughter, CEO of Richard P. Slaughter Associates, in the announcement. “Our goal is to bring our wealth management experience for high net worth individuals to work for companies, offering partnership for sponsors and results for employees.”      

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