Riskalyze Brings Autopilot To Retirement Plans
Sacramento, Calif.-based Riskalyze has announced Autopilot for Retirement Plans, bringing its risk alignment capabilities to the qualified retirement space.

Autopilot for Retirement Plans quantitatively uses the Risk Number, Riskalyze’s measure of risk capacity and tolerance, to pinpoint how much risk investors want versus how much they need in order to reach their retirement goals.

“With $25 trillion in U.S. retirement assets, launching Autopilot for Retirement Plans is without a doubt the biggest thing Riskalyze has done since inventing the Risk Number,” said Mike McDaniel, Riskalyze CIO, in a statement. “Many advisors have used Riskalyze to serve retirement plans one participant at a time, but now we’ve delivered a solution that advisors can use to match hundreds of participants with the right fund elections with just a few clicks.”

The product can be used with 401(k), 457, 403(b) and Simple IRA plans, matching participants with investment allocations tailored to their willingness and need to take additional risk.

Advisors will be able to use the new service to add all participants onto a single dashboard, to create model portfolios from the fund menu and to invite participants using a special link to get matched with the fund elections that best align with their Risk Number and goals.

When advisors create a new plan within Autopilot for Retirement Plans, they can define model portfolios by either building them from the fund menu or copying them from the plan’s fiduciary investment manager. Each plan then has a landing page for participants to launch the “best interest” exercise and to determine their risk number.
 

American Funds Launches Two Fixed-Income Funds
Los Angeles-based American Funds has introduced two new fixed-income mutual funds.

The American Funds Corporate Bond Fund will invest at least 80% of its assets in investment-grade corporate bonds. The fund will be benchmarked against the Barclays U.S. Corporate Investment Grade Bond Index.

The American Funds Emerging Markets Bond Fund will invest at least 80% of its assets in securities of emerging markets issuers, including sovereign debt and the debt of companies located in or with substantial business within emerging markets. The fund will consider securities denominated in currencies other than the U.S. dollar.

 

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