RidgeWorth Launches Fee Benchmarking Mobile App on PlanAdvisorTools.com

New Mobile App May Help Advisors Offer Plan Sponsors an Un-biased Look at Their Plan's Fees - No Computer Needed!

Dec 01, 2010, 14:55 ET from RidgeWorth Investments

ATLANTA, Dec. 1, 2010 /PRNewswire/ -- RidgeWorth Investments announced today that it has launched a mobile application for its well-received fee benchmarking tool. The tool can be accessed on www.planadvisortools.com by any mobile device. The seven question input will generate a full color, client-ready fee benchmarking report that advisors can show to their plan sponsor clients even if a computer is not available.

"Fee benchmarking can be an important part of a holistic plan assessment and now, with this mobile application, an advisor can run this quick analysis wherever he or she may be," said David Craig, RidgeWorth's Director of Marketing.

The new mobile application, which utilizes proprietary data from Fiduciary Benchmarks, Inc., lets the advisor benchmark the clients' or prospects' total plan cost to the costs of other plans in their peer group, all from the ease of his or her smart phone.

Mobile use is growing among advisors – according to industry consultant, kasina, 67.2% of advisors use a mobile device, and 53.5% use it to access online business content other than e-mail in 2010. An additional 22.8% say that they plan to access business content in the coming year.

The app:

  • Can support Blackberry operating system 4.6 or later and all iPhone and Android devices

  • May work on Windows Mobile and Nokia devices using Opera Mobile operating system

  • Current application should support over 90% of internet-capable mobile devices in use today

RidgeWorth plans to continue its development of content for mobile devices to meet the needs of advisors. Advisors can visit www.planadvisortools.com for more retirement plan materials, such as: thought leadership, interactive tools and prospecting support.

About RidgeWorth Investments

RidgeWorth Investments serves as a holding company that owns interests in eight investment boutiques with approximately $52.5 billion of assets under management*. RidgeWorth's investment boutiques manage a wide variety of investment disciplines across the fixed income and equity asset classes. Our boutiques provide investment management services to a growing client base that includes endowments, foundations, corporations, healthcare organizations, municipalities, public funds, associations, insurance companies, labor unions and high net worth individuals. In addition, RidgeWorth serves as the investment adviser to the RidgeWorth Funds mutual fund family. RidgeWorth Investments is a trade name for RidgeWorth Capital Management, Inc., an investment adviser registered with the SEC headquartered in Atlanta. For more information about RidgeWorth, visit www.ridgeworth.com.

*As of 9/30/10. RidgeWorth's subsidiaries have in the aggregate $52.5 billion in assets under management. This amount includes some duplication, in amounts viewed as immaterial by RidgeWorth, due to inclusion of certain amounts managed jointly by multiple subsidiaries. In July 2010 StableRiver announced a strategic decision to no longer manage money market funds. By year-end, approximately $7 billion in additional assets invested in money market mutual funds managed by StableRiver will transition to the money market funds of another asset management firm.

Information provided is general and educational in nature. It is not intended to be, and should not be construed as, investment, legal, estate planning, or tax advice. RidgeWorth does not provide legal, estate planning, or tax advice. Laws of a specific state or laws relevant to a particular situation or pensions in general may affect the applicability, accuracy, or completeness of this information. Federal and state laws and regulations are complex and are subject to change. Consult with an attorney or a tax or financial advisor regarding your specific legal, tax, estate planning, or financial situation.

This tool has been developed using data provided by Fiduciary Benchmarks, Inc. (FBi). FBi is a leading authority of fees, participant success measures, support and services for defined contribution plans. FBi maintains a database of current information for a large cross-section of retirement plans, using proprietary expert software to build comparisons. The FBi data provides comprehensive comparisons of a plan's fees, however it's important to consider plan services when assessing fee reasonableness.

While FBi data has been chosen for this tool because of quality of content and relevance, RidgeWorth Investments does not warrant its accuracy or completeness.

An investor should consider the fund's investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information about the RidgeWorth Funds can be found in the fund's prospectus. To obtain a prospectus, please call 1-888-784-3863 or visit www.ridgeworth.com. Please read the prospectus carefully before investing.

©2010 RidgeWorth Investments. RidgeWorth Investments is the trade name for RidgeWorth Capital Management, Inc., an investment advisor registered with the SEC and the adviser to the RidgeWorth Funds. RidgeWorth Funds are distributed by RidgeWorth Distributors LLC, which is not affiliated with the adviser.




SOURCE RidgeWorth Investments