For details about small business retirement plans such as. When the transaction is complete, Nationwide Financial will administer approximately $26 billion in private-sector retirement plans. Among these was veteran securities brokerage Charles Schwab (SCHW 2. If you are opening a SEP- or SIMPLE IRA return the form to your employer. Feature availability depends on both plan and participant. Functionality may vary by operating system and/or device. System availability and response times are subject to market conditions and your mobile connection limitations. Requires a wireless signal or mobile connection. “By sharpening our focus, not only will we better serve this market, but we also will be able to more effectively deploy capital through reinvestment in core businesses.” Please call 80, Monday through Friday 8 a.m. “This transaction will enable our private-sector business to focus on our core markets, which are small and micro 401(k) plans,” said Mark Thresher, president and chief operating officer of Nationwide Financial, in his firm’s statement. Nationwide said it would be better able to concentrate on its strengths. In addition to this ongoing investment, we are now, for the first time, making a significant investment in serving employers and their employees in the mega plan segment.” You’re getting closer to the day that Schwab welcomes you as a client, so we want you to have. Charles Schwab is another major player in the financial services industry. Since Charles Schwab acquired TD Ameritrade, we’ve been working to bring together our complementary strengthsincluding our innovative services, industry-leading platforms, and long-standing commitment to low costs. “We have been consistently investing in and growing our retirement plan business at Schwab, primarily serving clients in the small, mid and large segments. If you own a small business, make sure you offer an attractive 401(k) plan. The Charles Schwab account is governed by our IRS approved solo 401k plan which allows for investing in alternative investments including real estate, the. “Joining forces with The 401(k) Company expands our ability to serve the marketplace,” said James McCool, executive vice president of Schwab’s Corporate & Retirement Services division, in the Schwab press release. During the past two years, The 401(k) Company’s newly acquired plans have averaged more than $500 million in assets and more than 8,000 participants, according to Schwab. Schwab said The 401(k) Company complements its retirement business strategy, noting it had seen “strong growth” in the small, mid and large retirement plan segments, but that The 401(k) Company had been particularly successful in winning mega-plan segment business. According to announcements from Schwab and Nationwide, the $115 million deal is expected to close by the end of the first quarter in 2007 with The 401(k) Company set to join the Schwab Investor Services Enterprise, which includes Schwab’s Corporate & Retirement Services division.
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