Bringing you live news and features since 2006 

DailyAccess launches ETFs in employee benefit plans

RELATED TOPICS​

DailyAccess has formed an alliance with Mid Atlantic Financial Platforms to offer exchange-traded funds in employee benefit plans.

"MAFP recently introduced ETFxChange, the first platform to allow record keepers to handle ETFs using the same systems and processes they already have in place for trading mutual funds. Presently there are more than 800 ETFs available on the ETFxChange platform," says Tim Friday, institutional services group chief executive, Mid Atlantic Capital Group.

"We are excited to offer our employee benefit clients this burgeoning opportunity," says Tommy Thomasson (pictured), president and chief executive of DailyAccess. "Research indicates that the employer-sponsored retirement plan advisor community is embracing this investment option for their clients, because of its low cost to the participant. ETFs are another example of our philosophy of keeping ‘it simple and easy’ for advisors, plan sponsors and participants."

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by