LOS ALTOS, CA — (Marketwired) — 05/14/13 — , an online investment advisor that helps people lock in more money for retirement, today announced a 401k enhancement to its Portfolio Manager service. Now more people have easy access to immediate, individualized advice on what to buy and what to sell based on the limited set of investments available in their 401ks.
The update comes at a critical time as more people find themselves managing their retirement portfolio on their own. A recent study by the Employee Benefit Research Institute reports that 51 million Americans who have 401k plans do not understand how to evaluate them and make smart investing choices.
Jemstep-s database of investment options includes well-known companies state and federal entities, 401k, 403b and 457b plans for millions of employees. If Jemstep doesn-t have their plan, investors can simply add their retirement plan choices and get instant actionable advice across all their accounts, helping them optimize their entire retirement portfolio. Jemstep ensures they have the right asset allocation, while minimizing taxes, reducing fund fees, and selecting top-quality investments.
“For many people, the -401k- is a misunderstood account receiving little attention, but in reality it is a vital asset in their retirement portfolio,” said Simon Roy, president of Jemstep. “When investors are left to their own devices to decide the mix of assets and investments to hold in each of their retirement accounts, it gets quite daunting. Jemstep-s goal is to help everyday investors, no matter their level of financial knowledge, make the best investment decisions possible to ensure a more successful retirement.”
More than 10,000 investors are using Jemstep to manage their portfolios, servicing over $2 billion in assets to date. Nearly 20 percent have taken action by implementing one or more of the individualized buy or sell recommendations. The average investor who follows Jemstep-s advice is projected to have an additional $290,000 to spend in retirement.
Typical wealth managers charge anywhere from 1.0% to 2.0% of a person-s holdings — equating to more than 10 times the cost of using the Jemstep Portfolio Manager service. Jemstep delivers a complete online solution at a fraction of the cost. A basic account is free no matter the size of the portfolio. Premium services are available for a low monthly fee depending on portfolio size starting at $17.99 per month (a premium account is free for those with under $25,000).
For more information on Jemstep, visit .
Jemstep.com is an online investment advisor that helps people lock in more money for retirement. Using patented technology and proven portfolio management methodologies, Jemstep tells people exactly what to buy and sell to maximize their returns without undue risk. Jemstep-s easy-to-use website takes the complexity, difficulty, and anxiety out of investing. Providing the high-caliber, personalized advice that has traditionally been available only to wealthy investors, Jemstep empowers all investors to take charge of their retirement planning and invest with confidence. A Registered Investment Advisor with the SEC, Jemstep is led by a team of experts with over 100 years- combined experience in financial management and technology innovation and development. Learn more at .
Alia Dudum
Atomic PR for Jemstep
415-593-1400
Suzanne Pallo
Senior Director of Marketing
Jemstep
408-886-4137
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