A news release said the tool can be accessed on www.planadvisortools.com by any mobile device. The seven-question input will generate a full color, client-ready fee benchmarking report that advisers can show to their plan sponsor clients even if a computer is not available, the announcement said.
“Fee benchmarking can be an important part of a holistic plan assessment and now, with this mobile application, an adviser can run this quick analysis wherever he or she may be,” said David Craig, RidgeWorth’s Director of Marketing, in the announcement.
The new mobile app, which utilizes proprietary data from Fiduciary Benchmarks, Inc., lets the adviser benchmark the clients’ or prospects’ total plan cost to the costs of other plans in their peer group.
In addition, the app:
- Can support Blackberry operating system 4.6 or later and all iPhone and Android devices;
- May work on Windows Mobile and Nokia devices using Opera Mobile operating system; and
- Should support over 90% of internet-capable mobile devices in use today.
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