Newkirk Products and its MasteryPOINT Financial Technologies subsidiary will offer financial service providers "The Wealth Advisor Platform, an automated online system that gives 401(k) participants sufficient information to make asset allocation choices without being offered investment advice.
The system is scheduled to be launched in January, according to Todd Bloomfield, president of MasteryPOINT Financial Technologies.
Newkirk will license the platform from Investment Technologies, a provider of investment decision-making tools for defined contribution plan sponsors and wealth management professionals.