Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Putnam Gearing Up New Rollover Product Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, February 08, 2000

Putnam Gearing Up New Rollover Product

Reported by Jason Shank

Putnam Investments is putting its marketing muscle behind a new program intended to assist brokers in gathering and retaining assets from rollover IRAs. The word is that significant time and money has been put into the program, which will consist of a series of educational modules for brokers to educate themselves and clients, starting with a module on the benefits of "stretch" IRAs.

A stretch IRA allows the account holder to name a beneficiary for his/her account, extending the tax-deferred benefits of the IRA to the beneficiary.

Related Links
Putnam Investments
On InvestmentWires
 Putnam Opens The Doors
Jan 13 2000
 Three Exec Transitions at Putnam
Jan 6 2000
 Putnam and Thomas H. Lee Partner for High-Net-Worth Market
Jul 7 1999
 Putnam Gains Channel Director for B/D
Apr 23 1999
Putnam has already begun contacting brokers and will be rolling out the program in the coming weeks. The initial rollout will then be supplemented by additional modules on subjects such as estate planning.

"It's very difficult for fund companies to retain rollover assets in general," said Joshua Dietch, a consultant for Cerulli Associates. "Companies are constantly looking at new ways for them to identify the desirable assets." Dietch added that Boston's MFS has had a stretch IRA program for some time.

Matt Mintzer, senior vice president and director of retirement products, Putnam, and head of the new program, confirmed its existence but would not give further details. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use