Car Dealers Get mPowered Advice

October 18, 2000 ( - The National Automobile Dealers & Associates Retirement Trusts (NADART) has picked mPower to provide online financial advice to the 150,000 members of its Investment Choice 401(k) plan at auto dealers across the country.

Once the NADART-mPower service launches in 2001, each plan participant will have a personal home page on mPower’s advice site, customized with their plan’s rules and the NADART investment menu.

Participants will provide information regarding their financial objectives, time horizon and risk tolerance, and will then receive fund-specific allocation recommendations based on their personal retirement planning goals.

mPower also offers a daily market analysis and a “what if” functionality that allows participants to see the impact of changing their risk tolerance or investment time horizon.

NADART is a non-profit trust that maintains over $3 billion in assets for over 150,000 participants at dealerships nationwide.

– Nevin Adams