Ascensus has noted increased use of ETFs as financial professionals continue to gravitate toward lower-cost investments. Since introducing ETFs to its fee-based platform, it has seen ETF assets grow by at least 50% each year. Currently, 35% of plans on this platform offer at least one ETF, and 14% of those plans invest 100% of their assets in ETFs. ETFs are especially popular among registered investment advisors, who use them within model portfolios to provide low-cost, diversified investment allocations to their participants.
“We have seen a steady increase in the utilization of ETFs as investment choices within plans that fee-based advisors bring to our platform, and we expect that trend to continue,” said Mike Narkoff, Senior Vice President, Retail Sales. “By being one of the first providers to offer the ability to trade ETFs within retirement plans, we demonstrated our unwavering commitment to providing financial professionals with the tools to help their clients reach their retirement goals.”
With more than 30 years of industry experience, Ascensus is a leading provider of high-quality retirement plan solutions for organizations of all sizes. Through its 1,000+ highly trained associates and one of the largest ERISA consulting practices in the U.S., Ascensus provides recordkeeping and administrative services to over 27,000 defined contribution plans and administers over 1.5 million IRAs. Ascensus partners with financial institutions to offer tailored solutions to meet the needs of financial professionals, employers, and individuals. For more information, visit http://www.ascensus.com.