Open Architecture.

The term "Open Architecture" is used to describe a financial planning strategy that allows investors to select from a wide range of investment products and services. This strategy gives investors the ability to tailor their portfolios to their specific needs and goals. Open architecture also provides investors with the flexibility to change their investment mix as their needs and circumstances change over time.

What are proprietary funds 401k?

Proprietary funds are funds that are managed by the 401k provider rather than an independent investment firm. These funds typically have higher fees than other investment options, but they may offer features or benefits that make them attractive to 401k participants. For example, some proprietary funds offer guaranteed income options that can help participants secure a retirement income.

What is a third party mutual fund? A third party mutual fund is an investment fund that is managed by a financial institution or other third party. This type of fund is typically used by investors who want to diversify their portfolio or who do not have the time or expertise to manage their own investments.

What is closed architecture? A closed architecture is a system where the provider designs, builds, and maintains the system and the client cannot make changes to it. This type of system is usually tightly controlled and can be inflexible. It may be less expensive upfront, but it can be more costly to maintain over time.

What is Cmoss?

Cmoss is a financial planning software that helps users manage their finances and make better financial decisions. Cmoss provides users with tools to track their spending, create budgets, and set financial goals. Cmoss also offers users advice on how to improve their financial situation and make better financial choices.

What is Open Source Architecture software?

Open source architecture software is a type of software that allows users to view and edit the source code of the software. This type of software is typically free to use and distribute. Open source architecture software can be used for a variety of purposes, such as creating and editing architectural drawings, designing buildings, and creating 3D models.