Tolerisk 401(k) gathers data on time horizons, savings patterns, spending habits, the assets in clients’ retirement plans and any additional factors such as personality data, then evaluates the clients’ risk tolerance and the probability that they will outlive their money, then recommends tailored asset allocations. The software helps advisors save time and yet provides the data they need to build a more integrative and comprehensive retirement plan.

 

Northern Trust Introduces Northern Engage360 Fund

Northern Trust Asset Management has launched the Northern Engage360 Fund, a mutual fund that approaches diversity by increasing the number of lenses.

Instead of evaluating diversity through a single dimension of firm ownership, the Chicago-based fund uses a multi-dimensional approach that considers leadership, investment teams, community engagement and corporate spending.

Northern Engage360 is a global equity portfolio benchmarked to the MSCI All Country World Index for developed and emerging markets. It joins Northern Trust’s 44 other mutual funds that cover equity, fixed income and real assets with active and passive investment techniques.

Five subadvisors manage the fund’s allocations.

 

Voya Grows 401(k) Plan Business

Voya Financial Advisors has partnered with RPAG, a 401(k) business management platform, to enhance its 401(k) offerings.