Easy to deploy. Easy to service
Our PEP solution is branded as: Align Retirement Pathways. It can be used by advisors affiliated with Sovereign and can also be used by advisors not affiliated with Sovereign — it is a fully open architecture 401K solution.
Sovereign has teamed up with The Newport Group to create an in-house 401k solution that is hard to beat. The Align PEP offers:
Extremely low fees for your client:
It can be used by advisors affiliated with Sovereign and can also be used by advisors not affiliated with Sovereign — it is a fully open architecture 401K solution.
- $3,250 / year- $60 / participant- 15 BPS
Advisor fee: Set by the advisor at his / her discretion. Advisors at Sovereign get a 100% payout on all PEP 401Ks
— 3(38), 3(16) and PPP services (which means Newport, not the client, signs the 5500 form).
— A Self-Directed brokerage option that allows advisors to “pluck out” key participant accounts for direct management. This allows the advisor to deliver more customized wealth management solutions to larger 401k participants and charge their customary advisory fee.
Check out this video replay with Sovereign’s CEO, Chuck Failla, CFP(r), as he moderates a discussion with some of the 401K industry’s top thought leaders. They will discuss the benefits of PEPs and how they can be use to help build a “pipeline” for your wealth management business.