SAN DIEGO--(BUSINESS WIRE)--Ibis Capital®, a boutique wealth management firm for successful families seeking to achieve financial freedom, announced today that it has expanded its Retirement Plan Services division to support the needs of San Diego business owners who are operating small to mid-sized businesses.
“We are committed to expanding our portfolio to better serve the industry,” said Robert Meyer, CEO and CIO of Ibis Capital. “Providing business owners with retirement plan designs tailored to their unique needs is a focused and natural next step for Ibis.”
Ibis’ innovative retirement services platform is the result of partnerships with some of the industry’s top defined contribution and defined benefit plan providers. Small to mid-sized businesses have requirements that differ from those of larger corporations, and the Ibis platform focuses on addressing those specific needs. Some of the benefits of Ibis’ retirement plan services include:
- Competitive Fees
- Access to Service Providers
- Access to Third-Party Administrators
- Dedicated Relationship Managers
- Coordination of Plan Conversion
- Plan Implementation
- Enrollment Meetings
- Annual Plan Reviews
- Annual Investment Reviews
- Quarterly Employee Education
- Operational Support
“The needs of the retirement industry have changed dramatically in recent years, driving demand for a more proactive and attentive approach to plan management,” said Meyer.
One notable change in the industry is fee compression, which has recently driven significant administrative fee reductions. Many small to mid-sized businesses aren’t routinely benchmarking fees, and as a result, may be missing out on significant savings for plan administration. In addition, retirement plan designs must soon comply with the Department of Labor (DOL) Fiduciary Rule, a guideline that impacts all plan sponsors and may have particular impact on small businesses.
“We understand the specific challenges that our clients face in an ever-changing financial landscape, and can help them routinely monitor their plans to maximize benefits at all levels of the organization,” said Meyer.
Ibis’ personalized retirement plan strategies ultimately enable business leaders to reduce operational costs, improve profitability, and most importantly, attract and retain talented employees.
About Ibis Capital®
Ibis Capital® is a boutique wealth management firm that offers a holistic financial planning approach to clients with additional services including asset management, alternative investments, advanced planning, and retirement plan services. Its business model provides expanded solution offerings and the talented team required to offer top-tier service to choice clientele. Ibis Capital® has approximately $350 million in assets under advisement and services approximately 95 clients, including high-net-worth families, middle market business owners, pension plans, endowments, and foundations. We operate solely under the fiduciary standard as Independent Advisor Representatives (IARs) of Stratos Wealth Partners, an SEC Registered Investment Advisor (RIA). Stratos Wealth Partners, along with its affiliates, Stratos Wealth Advisors, and Fundamentum, LLC, all SEC Registered Investment Advisors, collectively manage over $4.8 billion in advisory assets, and advice, through LPL Financial, over $5.9 billion in brokerage and third party managed assets for a total of over $10.7 billion in assets as of March 31st 2017. For more information about Ibis Capital’s services, please visit www.ibiscapital.com or follow Ibis on Twitter and LinkedIn.
Investment advice is offered through Stratos Wealth Partners, Ltd., a registered investment advisor.