LeafHouse Financial and iJoin have announced that they are teaming up on a new advisor managed account solution that addresses key employer and advisor requirements, and seeks to help individual investors be more successful, all while offering breakthrough pricing.
The solution will combine the power of LeafHouse’s FlexFiduciary™ and reallocateIT™ portfolio management technologies and iJoin’s goal-based, personalized participant experience, making it possible to offer a personalized managed account program with 3(38) investment manager fiduciary coverage at a cost of as little as six basis points (not including investment expense).
The LeafHouse-iJoin Managed Account Program (MAP) is available through more than 40 independent recordkeepers that deploy the iJoin platform, according to the announcement. LeafHouse’s FlexFiduciary™ service helps employers meet their obligations while reducing cost, oversight, effort and risk. Additionally, the program’s investment methodology works with a plan’s existing investment lineup in collaboration with the plan advisor.
“Our partnership with iJoin reflects our core focus of innovating with cost effective and scalable solutions,” says Todd Kading, President and Cofounder of LeafHouse. “This offering has the potential to benefit millions of investors by optimizing their savings path while helping employers reduce their retirement plan costs and fiduciary burden.”
Efficient technology and cost have traditionally limited the appeal of personalized managed account solutions. At as little as six basis points, the LeafHouse iJoin MAP provides personalization technology that may be lower than the price of a blended target date fund when including the expense of the underlying investments, the announcement notes.
