Capital Directions Sells 401(k) Provider

BAM Advisor Services will acquire 401(k) plan provider, Advisors Access, Investment News reports. The turnkey asset management program will buy Advisors Access from advisory firm, CapitalDirections, for an undisclosed amount.

The Advisors Access platform will keep its name and will continue to be managed by Capital Directions. The program, with $800 million in assets, will be offered to the 125 independent RIAs who use BAM’s asset management program, and to other advisory firms in the 401(k) market.

Click here for the story from Investment News.