News, Vision & Voice for the Advisory Community


RIAs are set to capture chunks of the $26 billion that GM is spinning out of its pension plan

Retirees are looking to RIAs to help them make a once-in-a-lifetime decision -- and experience shows advisors get richly rewarded

Author Lisa Shidler June 26, 2012 at 3:56 PM
no description available
Leon LaBrecque's firm got nine new clients last week alone by positioning itself to win the wave of automotive pension assets

Pat McClain


Byron Beebe


Leon LaBrecque


Jeff Ivory

Jenny Goren

Jenny Goren

June 26, 2012 — 1:57 PM

It appears that Ford Motor Company has paved the way for GM’s decision to likewise cut pension plan liabilities. On June 1, GM laid out its plan to offer select U.S. salaried GM retirees a lump-sum payment option, while other retirees are able to participate in recurring monthly pension benefits. Please review the information at the following website for more details: http://www.youtube.com/watch?v=32ZRne7AoTQ&feature=youtu.be. Since the deadline is July 20, 2012, it is suggested that any final decisions be prepared with a qualified financial advisor before making any changes to your current pension plan arrangements.



June 27, 2012 — 9:26 AM

The General Motors (NYSE:GM) Pension Buyout plan, announced on June 1, stated that GM plans to cut their pension liability by an expected 26 billion dollars. Select salaried U.S. retirees will be offered a lump-sum, with other retirees being offered a monthly pension payment. Making this decision will involve considering initial eligibility and a full understanding of the two options, including the consequences therein. Consulting a qualified financial advisor is suggested. For more information, including a free white paper, on the General Motors Pension Buyout, please visit http://www.gm-pension-buyout.com. The decision deadline will be July 20, 2012.

Mentioned in this article:

Allworth Financial
Mergers and Acquisition Firm, RIA Serving Other RIAs, Advisory Firm
Top Executive: Scott Hanson and Pat McClain

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.