FOR IMMEDIATE RELEASE
Brightscape Rolls Out BenefitStreet Retirement Service to Increase Retirement Coverage for America’s Workers
Brightscape Investment Centers, Inc., the first and only company in the United States to offer independent investment advisory franchises, has teamed with technology innovator and total benefits outsourcer BenefitStreet to offer an open-architecture retirement platform to their expanding franchise network.
Brightscape’s CEO, Eric Weiss stated, “We have had substantial interest from our growing number of franchisees to build or team with an industry leader to offer a retirement planning solution to their clients. Through our search process, we found BenefitStreet’s Advanced Daily Valuation technology, expanding TPA Network and open architecture investment offering of mutual funds and Exchange Traded Funds to be a major asset.”
In addition, “The Brightscape-BenefitStreet retirement offering addresses ERISA’s Prudent Man Rule by offering low-cost plans and well diversified investment options”, according to Taylor M. Gang, Brightscape’s Executive Vice President.
Brightscape, through its franchising program, is creating a nationwide brand of independent and objective financial and investment advice. Brightscape franchisees select the best from over 11,000 mutual funds and Exchange Traded Funds, and are not compensated nor compromised by the products they select. In choosing products, the Company selects funds with low costs and those that “stick to their knitting”, by not deviating from their stated investment objective.
“We are excited to begin working with Brightscape’s nationwide network”, added Ken Weida, SVP of BenefitStreet, “Our TPA Network has expanded to more than 60 firms and the ETF 401(k) offering is an example of our commitment to new and existing partners to continue developing and enhancing our current offering”.
About Brightscape Investment Centers, Inc.
Brightscape Investment Centers, Inc. is the first and only company in the United States to offer independent investment advisory franchises. Brightscape is a fee-based investment planner, building brand by delivering objective, fee-based advice to investors. Brightscape is not a broker-dealer and does not take any commissions on trades or product sales.
The first Brightscape franchise office opened in late 2003 and more than 30 offices are expected to be open across the country by late 2005.
For more information about Brightscape Investment Centers, Inc., please visit www.brightscape.com
Contact:
Brightscape Investment Centers, Inc.
Taylor M. Gang, Executive Vice President
Tel: (888) 888-0967
tgang@brightscape.com
About BenefitStreet, Inc.
BenefitStreet, Inc., founded in 1993, is a record-keeper offering qualified plan administration to over 4,500 defined contribution and defined benefit plans of all sizes. The firm utilizes an array of strategic business alliances in conjunction with sophisticated omnibus 401(k) technology to provide comprehensive financial services 3,000 investment professionals, Third Party Administrators, financial institutions, broker/dealers, banks, and certified public accountants throughout the United States and Puerto Rico.
For more information about BenefitStreet, please visit: www.benefitstreet.com
Contact:
BenefitStreet
Ken Weida, Senior Vice President
Tel: (925) 328-4547
ken_weida@benefitstreet.com
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