|By Business Wire||
|July 1, 2014 11:27 PM EDT||
Cambridge Investment Research, Inc. (Cambridge) announces two recent additions to the already robust Cambridge Retirement Center offerings. Cambridge is intent on offering tools to support rep-advisors operating in the retirement space and new partnerships with Castle Rock Innovations and Edu(k)ate will allow Cambridge to continue to offering flexibility to independent financial advisors.
A partnership with Castle Rock Innovations offers the Axis Retirement Analytics PlatformTM (AXIS) to Cambridge’s independent rep-advisors and will help equip advisors with data aggregation, 408(b)(2), and benchmarking while providing a transparent method to provide the required disclosures. The Department of Labor proposed a 408(b)(2) disclosure guide and AXIS will support the transparent disclosure of retirement plan fees, compensation, and services provided to plan fiduciaries.
“After careful research and consideration, we have chosen AXIS to support our current efforts in streamlining our independent advisor’s experience with servicing retirement plans,” said Colleen Bell, Assistant Vice President, Corporate Strategies. “In an industry that is becoming increasingly more complicated, Cambridge is providing advisors with user-friendly interface to view their retirement plan data and create custom disclosures.”
In addition to partnering with Castle Rock Innovations, Cambridge has partnered with Edu(k)ate, an advisor platform that creates a social eco-system for retirement plans using gamification techniques. The new fee-transparency environment has increased the visibility of retirement plans and the integral role advisors play in preparing participants for retirement and other savings goals. Cambridge is dedicated to providing resources to advisors, so they in turn can equip their clients with the tools and knowledge to become financially secure.
“Edu(k)ate is a unique offering since it allows our advisors to deliver targeted communication and education to participants on a on a more frequent basis than the typical annual education program,” said Bell. “The platform allows our advisors to manage and engage with retirement plan participants, deliver both core and custom educational content, and track their results and progress.”
About Castle Rock
Castle Rock Innovations Inc. is a privately owned and operated corporation with headquarters in Chicago Illinois and offices throughout the nation. Castle Rock has been recognized by Inc500 as one of the fasted growing private companies.
Founded in 2013, Orlando-based edu(k)ate is an online service that makes it easy for retirement plan consultants and employers to distribute and promote financial literacy to employees. Edu(k)ate puts financial wellness tools in the hands of qualified financial professionals, reduces financial stress, drives down the costs of employee benefits and reduces fiduciary risk.
Cambridge Investment Research, Inc. (Cambridge), member FINRA/SIPC, is among the largest independent, privately controlled broker-dealers in the U.S. with more than 2,500 independent registered representatives and over $60 billion assets under management.
Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, and investment advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Both are wholly-owned subsidiaries of Cambridge Investment Group, Inc.
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