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DailyAccess launches ETFs in employee benefit plans


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."

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