Products June 26, 2018

ABG of Michigan Works With Retirement Plan Advisers and Sponsors to Create Financial Wellness Program

Implementation of the program is a collaboration between ABGMI and financial advisers to present meetings, webinars, email and messaging campaigns, and one-on-one personal chats that help maximize reach and engagement.

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ABG of Michigan (ABGMI) introduced “fly!,” a holistic consulting and action program that helps employees achieve personal financial success.

ABGMI notes that the need for financial wellness programs stems from the reality that too many people carry enormous debt from school loans to credit cards and home mortgages. They struggle to budget. They have little or no emergency savings. Importantly, they are in no position to take advantage of their company’s retirement plan. As a result, employees don’t save and employers have a harder time reaching their goals. And retirement plan and investment professionals have a harder time helping both employers and employees succeed in creating retirement income.

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ABGMI works with each company and its financial adviser to design a custom program based on the client’s goals, objectives, and employee demographics. Implementation is a collaboration between ABGMI and financial advisers to present meetings, webinars, email and messaging campaigns, and one-on-one personal chats that help maximize reach and engagement. ABGMI monitors and assesses progress and periodically recommends changes to improve outcomes.

In addition to original videos, messages, meetings and personal consulting, ABGMI researches programs available nationally and selects those that best align with the company’s values and commitment to excellence. The result is a comprehensive mix of group and personal resources delivered to optimize participation and success.

Carol Tracey, ABGMI executive vice president and principal, says, “We believe financial wellness is a process, not a subscription, and together with our adviser partners, we can deliver real value. We have no interest in being just one more offering. We’re here to make a difference.”

Learn more about fly! at fly.abgmi.com.
Products June 26, 2018

Mutual of Omaha Launches Calculator to Help 401(k) Participants Achieve Goals

The tool allows financial advisers to view participant retirement visions and help with calculations that can be used to set retirement savings objectives.

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Mutual of Omaha Retirement Services launched Calculate Retirement Right, a tool that gives 401(k) participants the ability to calculate the retirement visions they imagine for themselves during Mutual’s Imagine Retirement Right enrollment workshops.

The tool allows financial advisers to view participant visions and help with calculations that can be used to set retirement savings goals.

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“We launched Imagine Retirement Right two-years ago and in doing so, we’ve seen significant increases in engagement and participation through employer-sponsored retirement plans,” says John Corrieri, vice president of 401(k) at Mutual of Omaha. “The calculation tool gives advisers a unique opportunity to work alongside participants and help them achieve their overall retirement visions.”

Mutual of Omaha Retirement Services added two new regional sales directors and one relationship manager to its growing team. Joshua Rapp was hired January 2, as the regional sales director, covering Minnesota, Wisconsin and North Dakota. Prior to joining Mutual, Rapp was an external wholesaler with The Retirement Advantage.

Kevin Fillers was also hired on January 2, as the regional sales director, covering Tennessee, Georgia, Alabama, and Mississippi. Prior to joining Mutual, Fillers was a senior financial adviser at Merrill Lynch.

Cynthia Quinones was hired January 29, as a field relationship manager covering Texas, Oklahoma, Missouri and Kansas. Prior to joining Mutual, Quinones was a communication consultant for Charles Schwab.

“We’re focused on hiring additional regional sales directors and internal wholesalers to expand our presence in the 401(k) market,” says Patrick Bello, national sales director for Mutual’s 401(k) product. “The knowledge and experience these individuals bring, paired with our unique services; 3(16) Admin Advantage and Imagine Retirement Right, bring unparalleled value to our clients.”

For more information about Mutual of Omaha, visit www.mutualofomaha.com.

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