EMAIL DETAILS
SUBJECT:
401K Rollover Platform
PRI: NORMAL
FROM:
D
david@wegov.com
DATE:
2011-11-30 15:57:27
MSG_ID:
<6FBFFA46-2818-4D5E-89F9-03EBAF87972D@wegov.com>
RECIPIENTS:
TO:
H
Hunter Biden
<hbiden@rosemontseneca.com>
CONTENT:
TEXT: YES |
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PROCESSED
Hunter, Hope all is well. Things on my end are going very well. I was recently was pulled into a project that has enormous market potential in the defined contribution rollover space. A platform for investment firms to bid on defined contribution rollovers: RolloverTree (working name) is developing a platform that will revolutionize the decision making process for people seeking to rollover their employer sponsored plans into IRA’s. Our platform will create two massive changes in the rollover decision process. First, it will financially reward owners of the account for selecting a specific financial institution to manage their new IRA. Second, it will “even the playing field” for financial institutions in the IRA business by allowing them to compete for new accounts through an unbiased bidding platform. Our company is somewhat analogous to LendingTree.com however, it is targeted at people seeking a financial institution to receive and manage their employer-sponsored plan in a new IRA. Specifically RolloverTree is a free platform to anyone with an employer-sponsored plan (commonly referred to as a defined contribution (DC) plan) seeking to roll it over into an IRA. This platform will allow the hundreds of investment management firms to bid on an individual DC plan as it rolls over into an IRA. Because of the scope of this project. We are seeking smart money that will allow us to build a world class team and scale at a highly rapid pace, we already have enormous interest from "luminaries" in Boston, Fred Lane and Jim Pollatta specifically. Attached is an Executive Summary which will give greater detail, I look forward to your response. Best, David
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