(MELBOURNE, Fla. – July 9, 2012) – Berman Hopkins Wright and LaHam CPAs is pleased to announce their recent partnership with Direct Retirement Solutions to establish Berman Hopkins Retirement Solutions (BHRS), LLC. BHRS is a retirement planning, consulting and advisory services company for businesses throughout the Southeast.
BHRS provides clients with a single point of service to handle all aspects of their retirement plan. Utilizing a fully transparent open architecture investment platform together with comprehensive fee disclosure, clients will be able to offer their employees a best-in-class retirement program that is free from conflicts of interest.
BHRS offers a unique approach embracing the fiduciary standards of the Employee Retirement Income Security Act (ERISA) which legally puts them on the same side of the table as their clients. As plan fiduciaries, BHRS has a duty to act prudently and in the best interest of the participants which is at the core of their mission.
“At times, we have seen retirement plan providers put their interest before our clients’ by offering substandard investment options, inappropriate plan design, excessive and/or hidden fees, and little or no investment advice which does not provide the adequate level of service to plan participants,” said Michael Durante, managing member of BHRS. “The industry is embarking on significant changes as the U.S. Department of Labor has recently passed new fee disclosure regulations which will put all retirement plan providers on a level playing field. We believe our business model is the wave of the future and will result in significant benefits for both the plan sponsor and the participants.”
About Berman Hopkins Retirement Solutions, LLC
Berman Hopkins Retirement Solutions, LLC is a subsidiary of Berman Hopkins CPAs, which is a leading provider of accounting, consulting and tax services. BHRS’ forward thinking approach provides effective solutions for clients in a diversified range of industries. BHRS serves a variety of organizations, including businesses, governmental agencies and nonprofits.
Berman Hopkins Retirement Solutions, LLC is a registered investment advisor with the U.S. Securities & Exchange Commission. Notice filing with the State of Florida is pending.