Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

DB/DC Plan Administrator

Benefit Associates, Inc.
(Remote / Huntington Beach CA / NY)

Benefit Associates, Inc. logo

Enrolled Actuary

Prime Pensions, Inc.
(Remote)

Prime Pensions, Inc. logo

Defined Benefit Calculation Specialist/Actuary

The Angell Pension Group, Inc.
(Remote / East Providence RI)

The Angell Pension Group, Inc. logo

Retirement Plan Relationship Manager

ERISA Services, Inc.
(Remote)

ERISA Services, Inc. logo

Attorney

Central Pension Fund of the IUOE
(Washington DC)

Central Pension Fund of the IUOE logo

Client Service Manager

United 401(k) Plans, Inc.
(Remote)

United 401(k) Plans, Inc. logo

Executive Compensation Lawyer

Trucker Huss, A Professional Corporation
(Remote / San Francisco CA)

Trucker Huss, A Professional Corporation logo

Retirement Plan Legal Specialist

Pentegra
(Remote / West Harrison NY)

Pentegra logo

Quality Assurance Manager

Bates & Company
(Remote / Winter Park FL)

Bates & Company logo

DPS Retirement Plan Consultant

EPIC Retirement Plan Services
(Remote)

EPIC Retirement Plan Services logo

401(k) Distribution Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Relationship Manager

Compass Retirement Consulting Group, Inc.
(Remote / NH)

Compass Retirement Consulting Group, Inc. logo

Associate General Counsel

Central Pension Fund of the IUOE
(Washington DC)

Central Pension Fund of the IUOE logo

Retirement Plan Consultant

Carpenter Morse Group
(Remote)

Carpenter Morse Group logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by Ubiquity Retirement + Savings

Press Release

Ubiquity Retirement + SavingsĀ® Announces Partnership with DriveWealth

Issued by Ubiquity Retirement + Savings

Jan. 20, 2023

Powerful API technology connects Americans saving for retirement with fractional share trading possibilities to enable access to diversified investment choices – a first for small businesses

SAN FRANCISCO -- In an effort to bring new technology and investing capabilities to small businesses Ubiquity Retirement + Savings® (Ubiquity), announces its partnership with DriveWealth – which provides businesses with the power of fractional share trading to retirement plan participants – a first among small business 401(k) providers.

 

We began pioneering the small business 401(k) space 24 years ago and with this latest innovation, we believe technology has the power to open new doors for retirement savers,” said Chad Parks, Founder + CEO of Ubiquity, a financial technology pioneer in small business retirement offerings. “Through this partnership with DriveWealth, we are able to provide small business owners and their employees with investment options that will democratize investing and allow more freedom and choice in a user-friendly way that has never before been seen in a 401(k) plan, while still providing the ability to have an extremely well diversified portfolio.”

By leveraging DriveWealth’s innovative technology and investment rails, Ubiquity is able to further its mission of retirement savings solutions for all.

“This Ubiquity and DriveWealth partnership is redefining how people can consume and engage within their 401(k) account,” said Stan Smith, Managing Director of DriveWealth. “Making available real time instruments with fractional share trading within a fully disclosed account is a unique differentiator for advisors, employers and participants alike.”

The new offering adds to the more than 30,000 mutual funds and ETFs that Ubiquity’s small business clients already have access to.

“By continuing to expand investment options and choice, we’re providing our clients and partners with the products, services and tools they desire to meet their retirement savings needs today and in the future,” said John Farmakis, SVP of Business Development at Ubiquity.

Secure 2.0 Supports Retirement Savers

There is huge growth potential for retirement plan providers in the small business marketplace as Secure 2.0 has cleared the path for more businesses to establish plans. Ubiquity is looking forward to delivering customizable, low-cost retirement plans to small businesses so they can take advantage of the tax savings opportunities created by these new rules, and so workers can start saving more for the future.

“By combining the right technology, creativity and financial market wisdom, DriveWealth, Ubiquity and their respective partners will help create retirement security for millions of Americans,” concluded Smith.

About Ubiquity Retirement + Savings Since launching Ubiquity Retirement + Savings in 1999, the company’s driving force has been to provide qualified retirement plans that meet the needs of small business owners. Our mission is to empower small businesses and their employees to create a more secure financial future by leveraging technology with affordable retirement solutions and world-class customer support.

Ubiquity is a leading fintech company that is one of the first flat-fee-for-service small business plan providers in the nation. With our exclusive, best-in-class Paradigm RKS™ cloud-based platform that automates recordkeeping and plan management functions, we’re able to deliver an easy-to-use experience and peace of mind with zero hidden fees. The company is headquartered in San Francisco with satellite offices from coast to coast. Ubiquity serves thousands of American small businesses and hundreds of thousands of savers. With over $3 billion in retirement assets, Ubiquity has clients in all 50 states, and we deliver a transparent, flat-fee1, customizable savings experience. Our tenured team are retirement experts and future-you champions!

Visit myubiquity.com to learn more.

Ubiquity is not a registered investment advisor and no portion of the material herein should be construed as legal or tax advice. Please consult with your financial planner, attorney, and/or tax advisor for advice.

1 Flat fees are charged by Decimal, Inc. for recordkeeping and administrative services. Third-party service providers may assess asset-based fees to customers. Plan Sponsors are advised to review all service agreements with providers (e.g., investment advisors, custodians, broker-dealers) to evaluate total plan costs.

About DriveWealth DriveWealth, a global fintech investment rail and pioneer of fractional equities trading, is a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hands. We believe the future is fractional, transactional, and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth’s consultative support and cloud-based, modern technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth. For more information, please visit drivewealth.com or connect with us on Twitter @DriveWealth or on LinkedIn.

View More Press Releases by Ubiquity Retirement + Savings


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2023 BenefitsLink.com, Inc.