Retirement Solutions For Retirement-Focused Advisors
Envestnet Retirement Solutions has created a technology platform to assist advisors with their retirement plan sponsors and scalability.
The Practice Advantage platform features analysis, reporting, tools for client relationship management and requests for proposals, and a database search engine for 5500 forms on employee benefit plans. The investment analysis and reporting features allow advisors to customize reports to a plan sponsor’s individual investment policy statement. The Practice Advantage program enables a holistic view of the entire practice as well.
The digital program has mobile capabilities, too.
Private Capital Group, a registered investment advisor with over $1 billion in assets under management, has partnered with Envestnet Retirement Solutions to provide the Practice Advantage platform to its network of financial advisors.
MassMutual Launches Actively Managed Target-Date Funds
As retirement funds grow, they face problems such as inflation, longevity and market risks as well as the fact that they might be invested too conservatively or aggressively.
MassMutual Life Insurance Co. has designed a new series of target-date funds for its retirement plan sponsors. Subadvised by T. Rowe Price, the MassMutual Select T. Rowe Price Retirement Funds address such risks.
The new funds include the Balanced Fund, the 2005 Fund, the 2010 Fund, the 2015 Fund, the 2020 Fund, the 2025 Fund, the 2030 Fund, the 2035 Fund, the 2040 Fund, the 2045 Fund, the 2050 Fund, the 2055 Fund and the 2060 Fund.