Philadelphia, Penn., April 4, 2008 — Professional Capital Services, LLC (“PCS”), an independent full service provider of daily valuation recordkeeping services to 401(k) plans, announced today that Cardone Industries, Inc.., a leading global supplier of automotive products for over 35 years, has selected PCS’ to provide recordkeeping and administration and Main Line Financial Advisors as the investment advisor to the its 401(k), Defined Benefit, Non-Qualified and ESOP plans.
“We are very pleased to be selected to serve the employees of Cardone Industries, a premier supplier of automotive products,” said Mark Klein, President of PCS. “We look forward to bringing Cardone and its plan participants the benefits of unbiased, institutional-quality investment choices, as well as first-rate record keeping through PCS” added Al Matarazzo, Senior Partner with Main Line Financial.
Investment choices in the Cardone Industries plan will include four risk-based asset allocation portfolios and target date portfolios professionally managed by Main Line Financial and a diverse selection of individual mutual funds. The new plan incorporates age-based, non-proprietary asset allocation portfolios as the qualified default investment alternative, professionally managed accounts and an on-line risk/tolerance questionnaire to assist participants with their asset allocation strategies. “The PCS platform coupled with Main Line Financial as the advisor offers Cardone and its employees a fully disclosed transparent platform” added Jim Marx, Director of Sales for PCS.
About Professional Capital Services
Professional Capital Services, LLC (“PCS”) was founded by the tax and ERISA attorneys at Dilworth Paxson, LLP, a 75-year-old Philadelphia-based law firm, to provide sophisticated retirement programs for the corporate, professional and governmental market. PCS offers its complete retirement program, including investment advisory services, customized education materials, a robust plan and participant website, account recordkeeping, and all-inclusive plan administration services through advisory firms, broker-dealers, mutual fund companies, TPAs and CPAs. For more information about PCS, please visit www.pcscapital.com.
About Main Line Financial Advisors, LLC
Main Line Financial Advisors, LLC (“MLFA”) traces its roots back to 1958 as an accounting and financial planning firm. Today, MLFA is full-service financial advising firm offering a full array of services including: investment management, insurance, tax guidance and preparation, retirement planning, estate planning, and more. MLFA takes a holistic approach to financial advising: taking time to understand each client’s unique situation, goals, and specific needs whether they be individuals or institutions. For more information about MLFA, please visit www.mlfa.com.