Miracle Mile Advisors, a California-based independent investment advisory firm, has teamed up with TD Ameritrade to unveil a modern 401k platform, delivering customized investment options using a large portfolio of low-cost ETFs.
This corporate retirement offering gives access to more than 800 ETFs encompassing a diverse range of asset classes from some of the most trusted firms in the industry.
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The all-in annual fees of the plan are projected to be slightly less than 1%; compared to many traditional 401k plans that charge over 2.5%, according to Miracle Mile Advisors.
The new retirement platform, which will leverage ETFs its primary investment vehicle, seeks to enable firms to deliver retirement benefits with flexible options, lower fees and no proprietary products.
Besides the competitive fee structure of ETFs, the plan features custom modeling, ongoing and on-site investment education and seamless integration assistance.
Miracle Mile Advisors managing director Duncan Rolph said that the ETFs have soared in popularity over past few decades.
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By GlobalData"As a pioneer in active indexing, Miracle Mile Advisors has long recognized that diversified index ETFs with lower fees deliver better results than higher cost mutual funds with underperforming portfolio managers," Rolph added.
