Arrivato To Launch Online 401(k) Platforms DEFINED CONTRIBUTION NEWS New York asset manager Arrivato Advisors is finalizing an agreement with San Francisco-based Decimal, Inc. to produce private-labeled 401(k) plans for sole proprietors and small businesses. Arrivato is also in talks with Dow Jones Indexes to license its domestic Dividend Select and Sustainability indices for future traditional mutual fund offerings, according to Eric Rubin, president of Arrivato. Chad Parks, president of Decimal, did not return repeated phone calls, nor did Ronnee Ades, a Dow Jones spokeswoman. Arrivato, is taking steps to grow from a boutique asset manager into a turnkey retirement plan provider through its relationships with Dow Jones and Decimal, Rubin said. Arrivato will launch its private-label 401(k) through Decimal because its Web-based business model is transparent and fee-conscious, he said. In addition, Dow Jones' moniker is unblemished by the mutual fund scandals that broke in 2003. Both Dow Jones indexes under consideration could be viable retirement plan investments, Rubin said, noting that dividend-paying equities could appeal to retirees seeking higher yields than fixed-income and the Sustainability index--a socially responsible investment hybrid focusing on companies with strong corporate governance and environmental policies--is an appealing choice in a climate of aggressive regulation and soaring energy prices. "It's not a straight green fund. They've [Dow Jones] looked at labor practices, environmental and corporate governance," he added, referring to the Sustainability index. Both funds could appear in Decimal's private-label 401(k)s within six months. |
