Monthly Archives: June 2014
Three New Strategists Join Mid Atlantic’s ModelxChange® Managers Program
Mid Atlantic is pleased to announce the recent addition of three model strategists available to the clients of Mid Atlantic Capital Corporation’s registered representatives via Mid Atlantic Financial Management’s ModelxChange® Managers Program.
Alpha Investment Management, based in Cincinnati, Ohio, offers investment strategies to conservative investors seeking positive returns year after year. The firm manages money using asset allocation strategies based on long-term seasonal factors that take into account the cause of certain structural recurring patterns that historically have had a strong influence on the stock market. (www.alphaim.net)
iSectors®, an SEC-registered investment adviser in Appleton, Wisconsin, provides a comprehensive suite of proprietary exchange traded fund (“ETF”)-based asset allocation models and services. The firm’s array of model strategies, services, and support empowers advisors with the ability to create and maintain unique investment solutions tailored to each client’s individual investment goals and risk tolerance. (www.isectors.com)
ITS Asset Management, an SEC-registered investment adviser in Washington, Pennsylvania, provides professional portfolio management services to investors seeking a disciplined and active approach for their investments through a network of independent financial professionals. ITS strives to help clients realize long-term compounding returns while also protecting against what firm considers to be the three greatest threats to client assets: inflation, cyclical losses, and emotions. (www.itsassetmanagement.com)
If you have any questions, please contact John Hufnagel at jhufnagel@macg.com or (412) 391-7077, ext. 390.
MA National Conference 2014
The Hyatt Regency Coconut Point in Bonita Springs Florida was a beautiful location for our 2014 National Conference. Matt Stover, former NFL place kicker and two-time Super Bowl Champion, “kicked off” the conference with his motivational presentation, “Success On & Off the Field”. In our second keynote, Dave Nelsen of Dialog Consulting, Vistage International’s #1 rated speaker, talked to us about transforming monologue into dialog through social media for business. Kudos to Matt, Dave, and all our other speakers and sponsors, and thanks to our attendees, as always, for making it a great event. See you next year!
Lost Participant/Person Search Service
Mid Atlantic is pleased to have partnered with RCP Solutions to resolve long outstanding checks issued for plan distributions, loans, rollovers, as well as statements for orphan accounts The program has been very successful to date in locating many of these “lost” individuals. Many of our business partners have expressed an interest in utilizing this process to attempt to locate lost participants from employee benefit plans whose funds still remain in the plan. These would most likely be participants with higher dollar balances that cannot be forced out of the plans. Please take a moment to review the Service Announcement for details on how this process works for our customers. If you are interested in leveraging this new offering. please contact your Mid Atlantic Relationship Manager.
DOL’s Fiduciary Responsibility Webcast Series
The U.S. Department of Labor recently presented its “Getting It Right – Know Your Fiduciary Responsibilities” webcast series in an effort to increase employer awareness and understanding about basic fiduciary responsibilities when operating an employee retirement or health benefit plan. The series also addressed how the fiduciary responsibility provisions of the Employee Retirement Income Security Act (ERISA) apply to employer-sponsored retirement and health plans, in addition to providing information on how to avoid common problems with plan management. Other items discussed include: understanding your plan and your duties, carefully selecting and monitoring service providers, making contributions on time, providing appropriate disclosures to plan participants, filing annual reports to the government on time, and avoiding prohibited transactions.
You can access an archived recording of any or all three sessions of the DOL webcast series by clicking on the links below. (You will be required to register prior to viewing.):
Part 1: Basic fiduciary responsibilities when operating an employer-sponsored retirement plan and ERISA’s prohibited transactions provisions and exemptions.
Part 2: ERISA’s reporting and disclosure provisions for employer-sponsored retirement plans and the Department of Labor’s voluntary correction programs for retirement plans.
Part 3: Basic fiduciary responsibilities when operating an employer-sponsored group health plan, ERISA’s reporting and disclosure provisions, and Qualified Medical Child Support Orders (QMCSOs). This webcast does not cover the Affordable Care Act.