In its press release, LTSave said ExpertPlan’s partners and advisors can now offer plan sponsors and plan participants customized, specific, and independent investment advice for retirement planning via LTSave’s system.
Sunil Bhatia, founder and CEO of LTSave, said in the news release that the new service gives small and mid-size plan providers a capability that was previously available only to large plan providers.
LTSave provides investment advice for a user’s retirement account based on the individual’s risk preferences and goals, the company said in the news release. ExpertPlan advisers can use LTSave’s proprietary financial technologies to help customers build customized retirement plan programs and with a saving of time for the advisors. LTSave’s advice provides advisors and customers with the most appropriate fund choices, which it selects from 3,000 mutual funds, within more than 60 fund families, offered by ExpertPlan to its customers, according to the news release.
Participants enter basic information and answer a few questions and then es receive LTSave’s portfolio advice. They also have the option of having LTSave monitor their portfolios and provide discretionary management of their fund allocations, according to the release.