We are excited to announce that we have entered into a relationship with financial technology company Pontera. Pontera is a FinTech company on a mission to be the bridge to a better retirement for millions of Americans by enabling financial advisors to manage, trade and report on their clients held away accounts, including 401(k)s, 403(b)s, HSAs and more.
A question we often get from existing and prospective clients is, “Can you look at the holdings I have in my 401(k) and make any recommendations?”
Instead of making one-time recommendations, we wanted to find a solution to be able to help our clients on an on-going basis. Pontera’s software allows us to actively review our client’s employer-sponsored retirement plan and make adjustments along the way when appropriate.
This relationship was driven by our wish to provide existing and prospective clients with a more holistic and well-rounded investment experience. Clients no longer have to spend the time or carry the burden deciding when or how to change their allocation in their employer-sponsored retirement accounts.
We see many advantages to having your employer-sponsored retirement assets actively managed by an advisor:
1) A More Holistic Plan
Having your employer-sponsored retirement assets managed by Aspen allows us to develop a cohesive strategy that operates in conjunction with your other investment assets. If your retirement account has a different asset allocation than your other investment assets and is not actively re-balanced, you likely aren’t maintaining appropriate risk levels. Allowing Aspen to manage your held-away assets in conjunction with your other investment assets ensures that you will more consistently have an appropriate asset allocation that will best help you achieve your long-term goals.
2. Asset Location Strategies
If you have multiple investment accounts, you likely have some that are taxable and some that are tax deferred. If Aspen manages both your taxable and tax-deferred accounts, we can utilize different asset location strategies to better achieve optimal wealth creation. For example, making sure that tax-exempt securities are held in taxable accounts to fully take advantage of the tax benefits.
3. Consolidated Reporting
One thing we often find with existing and prospective clients is that they have accumulated various investment accounts over the years that are scattered with different custodians. In our opinion, this is not an efficient way to have your assets invested and monitored as it is difficult to have a full understanding of your asset allocation. Through our client reporting software, Tamarac, clients can see all their accounts in one place. This allows the client to see more of what’s happening in their portfolio as a whole and allows us to create the most efficient portfolio for the given clients’ needs.
4. Have Peace of Mind
We want to give our clients peace of mind knowing their retirement assets are being professionally managed and actively reviewed. This can eliminate the guesswork for a client in setting up and managing their retirement accounts. Clients managing their own retirement accounts are faced with the decisions on how to allocate, when to change the allocation, when to buy and to sell, etc. We want to provide stability by trading, re-balancing, and monitoring investment accounts as needed.
If you want to maintain appropriate risk levels, take advantage of asset location, have your investment assets managed as one unit, and want peace of mind knowing your assets are being looked over on a daily basis, give us a call or schedule an appointment with us today.
