XShares Advisors, sponsors of the TDAX, Adelante and HealthShares ETF families, has entered into a strategic partnership with retirement plan services vendor RPG Consultants in order to provide plan sponsors, advisors, brokers and third-party administrators the ability to add lower-cost ETFs to their retirement plan portfolios.
Ordinary brokerage commissions apply. The RPG open architecture platform facilitates the use of actively and passively managed mutual funds as well as any of the approximately 550 U.S. ETFs currently trading.
In addition, RPG Consultants will provide the platform to advisors who want to offer the XShares Advisors’ TDAX family of target-date ETFs, the first lifecycle ETFs to be introduced to the market, as the default option in their 401(k) offerings to comply with recently enacted legislation. “Our TDAX family of five lifecycle ETFs provides investors with fully diversified retirement strategies bundled in a single ETF that automatically rebalances its constituents as it approaches its specific target retirement date,” explains Bill Henson, XShares Group CEO.
“We believe employees who are in 401(k) plans should also be given cost effective and easily understood investments from the widest range of choices that their financial advisors can provide,” adds Alvin H. Rapp, RPG Consultants founding partner. “We encourage advisors to take advantage of the features that our platform provides, including offering asset allocation models using inexpensive ETFs.”