Invesmart Offers RightPath via RIAs

April 11, 2005 ( - Invesmart has announced it will offer RightPath, its defined contribution (DC) plan, through Registered Investment Advisors (RIAs) and other fee-based financial intermediaries.

An Invesmart news release said that RightPath offers retirement plan participants access to savings planning and investment management within the DC sign-up process and the option to delegate management of their account to investment advisors acting in a fiduciary capacity.

“It’s clear that participants need help in calculating their potential retirement needs and they need a disciplined plan for how to save the required amounts,” said Kent Buckles, CEO of Invesmart, in the announcement. “RightPath provides them with an estimate of their retirement savings goal, a plan for saving enough to meet that goal and a professionally managed portfolio to help keep them on track.”

Added Kent Baur, executive vice president and CEO of Invesmart Advisors, “RIAs and financial advisors are ideal joint distribution partners for RightPath because they are a growing channel that mirrors our belief in the value of open-architecture fee-based models distributed without bias. The best candidates will be fee-based advisors who place a significant emphasis on the retirement services marketplace, support total cost disclosure, embrace value-added service delivery and are prepared to join Invesmart as co-fiduciaries supporting the fiduciary needs of sponsors and participants.”

According to the announcement. the Joint Distribution and servicing infrastructure provides that the financial intermediary partner who chooses to offer RightPath will handle an investment advisory oriented client interface. Invesmart Advisors will provide point-of-sale support and an ongoing service suite including: plan recordkeeping and administration, investment research, private labeled investment monitoring reports, fee collection and reporting, enrollment meetings, participant advisory services fulfillment and a participant advisory call center.

Since RightPath was launched in late 2004, more than 50 plans representing $200 million in assets and 8,000 employees have either been converted or are in the process of converting to RightPath, according to the announcement.

More information about the company is at .