Foundation Source Expands Philanthropic Services
Foundation Source, a provider of support services for private foundations based in Fairfield, Conn., has created a subsidiary, Foundation Source Advisors, to provide advice and philanthropic planning for family foundations.

Foundation Source Advisors will have a team of experts to help family foundations refine their mission, strategy and direction. The advisory teams will be led by Foundation Source executives aided by third-party philanthropic advisors knowledgeable about certain specialities and regions. One of the goals of the service will be to offer rapid decision-making and to quickly implement plans developed by a foundation.

Foundation Source Advisors will also help put philanthropic plans into action by identifying charities that best fit a family's mission, conducting due diligence on grantees, structuring major gifts and assisting with non-standard grants.

Foundation Source offers back-office support, online services and client services for private foundations wanting to outsource their administrative tasks. The firm was created to help foundations with little or no staff and it can eliminate a foundation's need to build infrastructure. Foundation Source manages nearly 900 foundations with aggregate endowments exceeding $3.2 billion.

Individual foundation endowments range from $250,000 to $250 million.

Additional information is available at

Hartford Offers Retirement Plan
The Hartford Financial Services Group Inc. is introducing the Aviator Cash Balance Program, a defined benefit retirement plan to complement defined contribution plans for small business owners.

The investments from a cash balance plan can help offset market losses recently experienced by defined contribution plans.

Employer-funded contributions may be deducted on the firm's federal tax return. Additional information is available at

Envestnet Offers Enhanced Accounts
Envestnet, a firm based in Chicago that offers a range of investment products, is introducing enhancements to its unified managed account.

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