Products August 14, 2008
Zacks Offers SMA to Mid-Market Plans
August 14, 2008 (PLANSPONSOR.com) - Zacks Investment
Management, a Chicago-based registered investment adviser,
has expanded its separately managed account (SMA) offering to
the mid-size retirement plan market.
Reported by Fred Schneyer
According to a news release, Zacks Retirement Plan Solutions is currently available to micro and small defined benefit and defined contribution plans, in a separately managed account structure.
Zacks said its separate account product is offered as part of its partnership with FOLIO fn Institutional, based in Vienna, Virginia.
“Years ago, we saw an opportunity to use the same low-cost SMA structure that we incorporate in our private client business in the retirement plan market,” said Andy Zimmer, managing director of Zacks Wealth Management, in the announcement.