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Presenter Profile:

How they describe themselves: Our mission is to end the extractive $250 billion “Hidden Fee Economy.” We are dedicated to making simplicity, clarity & transparency the standard for consumer financial services.

We take complex consumer financial services agreements that the “fine print” people ignore or don’t understand and turn them into simple, clear & transparent information that can be understood with a 9th grade education. Our product is ‘transparency’ and it offers a wealth of potential in empowering consumer choice, fairness & better financial outcomes.

Our vision is of a financial services industry that promotes trust, supports the long-term prosperity of responsible consumers with a “transparency premium,” promotes a “transparency dividend” for American enterprise to remain competitive in a complex global economy, and transforms the method & humanity with which people and the financial services businesses they rely on communicate.

How they describe their product/innovation: Transparency Labs enables Americans to increase and preserve their retirement savings by addressing the transparency deficits that prevent people from staying invested in retirement and maximizing their savings.

• We address America’s “Cash-Out Crisis” by helping retirement savers understand the penalty, fee & tax implications of “cashing-out” their retirement savings as they change jobs. Every year, 4 in 10 people cash-out their 401k when they change jobs – an estimated $80B leaks from the system annually this way.
• We help reunite people with their orphaned 401k money. Millions of Americans have orphaned accounts left at former employers, accruing unnecessary fees with limited choice, at the heightened risk of being cashed-out.
• We offer comprehensive fee disclosure for the estimated $75B+ that Americans pay annually in mutual fund fees and costs. Most people do not even know they pay these fees – and these costs can be substantially reduced.

In response to the cash-out epidemic in the retirement system, Transparency Labs has developed automatic retirement preservation solutions to help Americans stay invested in retirement, reunite with their orphaned accounts, and dramatically lower their hidden fees and risks.

Contacts:

Bus. Dev.: David Hirsch, dhirsch@transparencylabs.com, 818-442-1096
Press: Press@TransparencyLabs.com