The Bespoke Portfolio Service is a new investing tool created and provided by Slavic401k. Bespoke is one of the first digital advisors built into a 401(k) platform, and uses a proprietary algorithm to custom craft a retirement savings and investing plan that is unique to your individual goals and life circumstances. It is a fully integrated digital advisor that helps make retirement-readiness a reality.
A robo-advisor is an online wealth management service that provides automated, algorithm-based portfolio management advice without the use of human financial planners. Robo-advisors are typically low-cost, have low account minimums, and attract younger investors who are more comfortable doing things online. ( Source: Investopedia)
Bespoke factors in your age, as well as your expected timeline to retirement, and makes a recommendation on how much to save, and how to escalate your savings rate over time to reach your goals. It provides a reasonable retirement savings target, and shows a clear path to reaching that target. Bespoke creates a custom retirement portfolio allocation, considering appropriate risk exposure and providing the balance of potential gain and portfolio stability. Additionally, Bespoke intelligently re-allocates your portfolio to become more conservative over time.
Bespoke provides the benefit of expert financial advice through a fully automated and digital platform. You don’t have to become an expert investor, and you don’t need to pay expensive fees to get advice from a human financial advisor. Bespoke provides a clear and simple path to setting and reaching your retirement goals.
In order to introduce the Bespoke Portfolio Service to our participant-investors, Slavic401k is offering the first year of Bespoke free of charge. The service fee (ranges from .25% to .10% depending on account size) will then begin one year from your enrollment date. This fee is automatically withdrawn from your account on a quarterly basis, and is clearly disclosed on the quarterly account statement sent to all participants.