According to a press release, Scarborough Capital Management (SCM) will provide wealth management services to individual clients and 401(k) participants on flat-fee basis, and will provide financial planning, and asset management advice. SCM representatives will continue to offer securities products through Royal Alliance Associates.
“SCM’s mission will be to help everyone, from the line worker at the auto plant to the executive at the telecommunications company, retire successfully,” said J. Michael Scarborough, president and founder of The Scarborough Group, in the release.
Retirement Management Systems (RMS) will be charged
with developing software and support solutions for
advisers and professionals interested in managing their
clients’ 401(k) assets. The Scarborough Group
will make its computer systems available to other
financial professionals through licensing.
“Advisors looking to get in the 401(k) management
marketplace will not need to reinvent the wheel, because
we have spent nineteen years creating a system that we
have used with thousands of participants,”
For more information, visit www.401kadvice.com .