ETF-based retirement plan released in US

ETF Advisor k, a US-based open architecture retirement plan provider, has unveiled an ETF-based retirement plan in which investors own the ETF shares in their account. The ETF Advisor k solution allows retirement plan participants to own ETF shares, rather than units from a collective or unitised trust, using the current systems for trading mutual funds This will enable advisers to use public information and tools to design portfolios to suit their investment strategy. As most retirement plan processes have been based on trading mutual funds, it has typically been too expensive or ope...