Trending...
- Moolwan releases 10 new Home Decor Items to help customers decorate their homes into opulent masterpieces
- Global Life Settlement Exchange: Selling a Life Insurance Policy Might be a Better Option Than Letting it Lapse or Surrendering it
- UMass Chan Medical School and Moderna launch CMV TransmIT—a CareEvolution MyDataHelps-powered study for cytomegalovirus (CMV) transmission in the community
BLOOMFIELD HILLS, Mich. - Michimich -- Flexible Plan Investments Ltd. (FPI), a leading provider of dynamic, risk-managed investment solutions for the separately managed account business, announced the launch of its donor-advised fund program, FPI Charitable. The program is sponsored by National Charitable Endowment (NCE), a 501(c)(3) charity established to support donor-advised fund accounts.
FPI Charitable program offers investors a risk-managed, tax-smart way to support their favorite charitable causes. Investors make contributions into an account with the sponsoring organization, NCE. Once the account is funded, NCE owns and legally controls its assets, which allows the investor to take a deduction for the full value in the initial year. The investor determines how the assets are invested and distributed. The minimum account size is $50,000. Administrative fees are based on account size and start at just 25 basis points, subject to an annual minimum fee.
FPI can continue to manage the account after the contribution, helping to maximize the tax-free growth of the charitable account while seeking to mitigate downside risk. FPI Charitable offers investors access to a variety of FPI QFC investment strategies. FPI's QFC strategies provide multiple layers of dynamic risk management; seek to take advantage of opportunities that arise in different market environments; and provide diversification among asset classes, investment methodologies, and time horizons. There will be no separate billing for FPI's strategy fees. They will be absorbed by the fund credits from the funds' subadvisory fees, regardless of the size of the account. Only the fee of the investor's financial adviser will be deducted from the account by FPI.
More on Michimich.com
After the FPI Charitable account is created, the investor has no administrative responsibilities. NCE conducts the due diligence, communicates with the investor-designated charities, sends grants, and provides grantee reports to the investor. The grants to the charity can be anonymous or in the name the investor chooses for the account.
"In many ways, having an FPI Charitable account is like being in charge of a foundation, but so much simpler. With no legal and administrative hassles, no large initial donation, and tax advantages surpassing a foundation, it allows the average investor to make a deductible charitable contribution this year and create a legacy of giving, allowing the investor to contribute from the account to charities of the investor's choice over the years to come," says Jerry Wagner, president and founder of Flexible Plan Investments.
To learn more, visit https://flexibleplan.com/our-solutions/donor-advised-funds.
About Flexible Plan Investments Ltd.:
Established in 1981, Flexible Plan Investments Ltd. invests over $1.5 billion in assets for clients in its separately managed account business (as of 3/31/2023). FPI is dedicated to preserving and growing wealth through dynamic risk management. FPI is a turnkey asset management program (TAMP), which means advisers can access and combine many risk-managed strategies within a single account. FPI's fee-based separately managed accounts can provide diversified portfolios of actively managed strategies within equity, debt and alternative asset classes on an array of different platforms. FPI also offers an OnTarget Investing tool to help set realistic, custom benchmarks for clients and regularly measure progress. For more information, visit www.flexibleplan.com.
More on Michimich.com
FPI Charitable program offers investors a risk-managed, tax-smart way to support their favorite charitable causes. Investors make contributions into an account with the sponsoring organization, NCE. Once the account is funded, NCE owns and legally controls its assets, which allows the investor to take a deduction for the full value in the initial year. The investor determines how the assets are invested and distributed. The minimum account size is $50,000. Administrative fees are based on account size and start at just 25 basis points, subject to an annual minimum fee.
FPI can continue to manage the account after the contribution, helping to maximize the tax-free growth of the charitable account while seeking to mitigate downside risk. FPI Charitable offers investors access to a variety of FPI QFC investment strategies. FPI's QFC strategies provide multiple layers of dynamic risk management; seek to take advantage of opportunities that arise in different market environments; and provide diversification among asset classes, investment methodologies, and time horizons. There will be no separate billing for FPI's strategy fees. They will be absorbed by the fund credits from the funds' subadvisory fees, regardless of the size of the account. Only the fee of the investor's financial adviser will be deducted from the account by FPI.
More on Michimich.com
- Live Good Inc. Celebrates Diversity and Unity: A Beacon of Progress in the Spirit of Crissy Field, Angel Island and the Buffalo Soldiers
- AMERICAST Provides PreCast Pads to Charge Stations
- HedgeHog Health to Showcase Innovative Hoglet Fidget Mouse and Fidget Keychain at Toy Fair 2023
- Sheila Stubbs Taylor of Detroit music royalty is "Chasing" on new single
- Sidow Sobrino Announces 12th Album, "Seminal"
After the FPI Charitable account is created, the investor has no administrative responsibilities. NCE conducts the due diligence, communicates with the investor-designated charities, sends grants, and provides grantee reports to the investor. The grants to the charity can be anonymous or in the name the investor chooses for the account.
"In many ways, having an FPI Charitable account is like being in charge of a foundation, but so much simpler. With no legal and administrative hassles, no large initial donation, and tax advantages surpassing a foundation, it allows the average investor to make a deductible charitable contribution this year and create a legacy of giving, allowing the investor to contribute from the account to charities of the investor's choice over the years to come," says Jerry Wagner, president and founder of Flexible Plan Investments.
To learn more, visit https://flexibleplan.com/our-solutions/donor-advised-funds.
About Flexible Plan Investments Ltd.:
Established in 1981, Flexible Plan Investments Ltd. invests over $1.5 billion in assets for clients in its separately managed account business (as of 3/31/2023). FPI is dedicated to preserving and growing wealth through dynamic risk management. FPI is a turnkey asset management program (TAMP), which means advisers can access and combine many risk-managed strategies within a single account. FPI's fee-based separately managed accounts can provide diversified portfolios of actively managed strategies within equity, debt and alternative asset classes on an array of different platforms. FPI also offers an OnTarget Investing tool to help set realistic, custom benchmarks for clients and regularly measure progress. For more information, visit www.flexibleplan.com.
More on Michimich.com
- Heartland Soccer Association and VidSport Launch Groundbreaking Live Streaming Service at Garmin Olathe Soccer Complex
- "Transcending Boundaries: The Dynamic Duo of Zora Palova and Stepan Pala"
- Maryland Sedation Dentistry and Surgical Center Opens in Frederick Maryland
- LokiBots is one of the 35 early-stage Generative AI startups selected for AWS ML Elevate program 2023 cohort
- Mil-Spec Safety & Security Launches New Website
Source: Flexible Plan Investments, Ltd.
0 Comments
Latest on Michimich.com
- North Carolina Entrepreneur Awarded 2023 Small Business Advocate of the Year By NSBA
- Instant Gourmet Coffee With The Authentic Taste & Refreshing Smell Of Cafe De Olla, Infused With The Wonderful Health Benefits Of Superfoods
- Berlin Packaging Fires Female Executive Following Complaints of Discrimination
- CHARLES ZHANG RECOGNIZED BY BARRON'S AS THE #1 INDEPENDENT ADVISOR IN THE NATION FOR 2023
- Philharmonic's season opener will be 'fantastique'
- UMass Chan Medical School and Moderna launch CMV TransmIT—a CareEvolution MyDataHelps-powered study for cytomegalovirus (CMV) transmission in the community
- Falcomm selected for 2023 TechCrunch Startup Battlefield 200
- Patton Acquires Tone Commander
- Customer Agility Framework™ soft launch
- New Kickstarter Campaign - 7 Exclusive Novels from Ray Keating
- CIMdata's PLM Certificate Program Coming to Northern California
- Moolwan releases 10 new Home Decor Items to help customers decorate their homes into opulent masterpieces
- City of Fairfax triples access to public restrooms with innovative high tech solution
- Sparkling Logic Launching Generative AI-Powered Tool for Decision Management
- 5 Steps to an Exceptional Presentation
- Comerica First Down Program with Detroit Lions Impacting Community for Seventh Year
- SHO-TEK Expands Nationwide PMO Consulting Services; Launches Free PMO Assessment Tools
- Hillside Terrace Discusses the Best Ways to Celebrate Grandparents'
- Schedule Your High Voltage Battery Replacement at ArborMotion
- Axiros ACS solution enables Earth Broadband to manage multiple client devices and CPE on AX69