The company’s effort to keep up with clients’ ever-evolving needs has led it to offer new tools for financial advisors who specialize in corporate stock benefits. The company is also offering a plan participant web portal with educational content.
The portal will have visual aids and tools to help participants better understand their employers’ equity compensation. They’ll be able to ascertain how to distinguish award types, monitor stock price points, and keep track of vesting schedules and important dates. Participants will also have the ability to model their transactions to get a view of how it will impact their finances.
An Advisor-Sold ABLE Plan
Capital Group’s American Funds, an investment management firm, has launched an advisor-sold ABLE plan for individuals with disabilities and their families.
Families whose loved ones have disabilities face financial challenges that can become burdensome. The Achieving a Better Life Experience (ABLE) savings account allows those families and disabled individuals to cover short- and long-term expenses.
American Funds, a group of mutual funds, launched ABLEAmerica in July. The plan is a tax-advantaged account that individuals and families can use toward qualifying disability expenses that maintain or improve health, provide independence for a disabled person or help him or her maintain a certain quality of life.
ABLEAmerica and direct-sold ABLE accounts can be applied to living expenses, transportation, housing, medical expenses, education, employment training, assistive technology, professional services and financial management.
Dynasty Financial Launches ‘Max,’ A Cash Option
Dynasty Financial Partners has launched a new cash holding option for its independent wealth management firm clients. Called “Max,” it delivers FDIC-insured coverage for high-net-worth individuals, companies and institutions in need of cash.
Max is offered through Six Trees Capital LLC. It’s a high-return cash option that the firm calls a fiduciary solution for cash.