RolloverSystems Signs OppenheimerFunds As An Investment Platform Bolstering Rollover Solutions For Advisors
Leading asset manager joins RolloverSystems’ professional network of top-tier IRA providers
CHARLOTTE, N.C. (May 23, 2006) -- RolloverSystems, which pioneered the independent,
automated
OppenheimerFunds, Inc., a leading retirement plan provider, manages assets in excess of $215 billion across more than 6 million shareholder accounts. The OppenheimerFunds Rollover IRA provides access to more than 45 mutual funds, enabling advisors to create diversified portfolios for almost any investment goal.
This relationship marks an important milestone for RolloverSystems, as the company expands its offerings to include financial products and services offered exclusively through financial advisors. RolloverSystems already boasts the industry's largest independent network of IRA providers, with more than 14 top financial institutions offering investment accounts directly to consumers. With the creation and build-out of the Professional Network, RolloverSystems opens up its private label rollover and asset retention programs to financial advisors who service employer-sponsored retirement plans.
"Financial advisors drive a significant portion of the retirement investment industry," said RolloverSystems CEO, Reginald Bowser.
"Selling and servicing
Recent research conducted by RolloverSystems indicates more than half of retirement plan participants would turn to a financial advisor to choose retirement investments, and nearly one quarter of eligible consumers would consider using a financial advisor for rolling over to an IRA. Moreover, financial advisors are an important resource for employers offering retirement plans, and they provide a critical distribution channel for retirement plan providers, record keepers, and administrators. The RolloverSystems Professional Network will help match rollover candidates with financial advisors and investment providers able to help them assess their investment needs and stay on track for a financially secure retirement.
About OppenheimerFunds, Inc.
OppenheimerFunds, Inc. is one of the nation’s largest and most respected investment management companies. At March 31, 2006, OppenheimerFunds, Inc., including subsidiaries and controlled affiliates, managed more than $215 billion in assets, including mutual funds having more than 6 million shareholder accounts.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks and charges and expenses. Fund prospectuses contain this and other information about the fund, and may be obtained by asking your financial advisor, calling us at 1.800.525.7048 or visiting our website at www.oppenheimerfunds.com. Read prospectuses carefully before investing.
Shares of mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
The products and services of OppenheimerFunds, Inc. and its controlled affiliates include: mutual funds, hedge funds of funds, qualified retirement plans for individuals and corporations. OppenheimerFunds is widely recognized as a leader in educating and empowering investors and for its award-winning customer service.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., Two World Financial Center, 225 Liberty Street, 11th Floor, New York, NY 10281. OppenheimerFunds, Inc. is a member of the MassMutual Financial Group and is not affiliated with Oppenheimer & Co, Inc. or Oppenheimer Capital.
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