AAG to Provide Guidance, Advice to MetLife Plans

MetLife Resources entered into a partnership with Advised Assets Group, LLC (AAG), a registered investment adviser that delivers investment advisory services to defined contribution plan sponsors and plan participants.

According to a news release, AAG will offer its guidance and advisory services, the Triple Solutions Program, to qualified retirement and 403(b) plans sponsored by non-profit organizations for which MetLife Resources provides administrative services. Ibbotson Associates, Inc., AAG’s independent financial expert, provides the methodology for the Triple Solutions Program.

“The program features a flexible suite of services to accommodate a variety of needs, allowing plan sponsors to provide different levels of advice to plan participants to invest for retirement,” said Thomas G. Hogan, Jr., senior vice president and head of MetLife Resources.

The Triple Solutions Program offers a choice of three levels of advisory support, tools and personalized investment help. These levels vary by participant behavior type and feature graduated levels of assistance.

The levels of service include, according to the news release: 

  • Online Guidance — This level of service offers participants access to online investment guidance, including asset allocation and retirement savings rate recommendations. Participants select their investments and manage their own plan account portfolio.
  • Online Advice — In addition to the assistance offered with the Online Guidance service level, this level of service features specific investment recommendations based on the participant’s plan’s funding choices. Participants choose their investment options and oversee the management of their plan account portfolio.
  • Managed Accounts — In addition to retirement readiness monitoring, participants receive a personalized, professionally-constructed portfolio based on their individual situation, which is then monitored and managed regularly on their behalf.

All service levels include post-retirement features, including recommendations for investing and spending during retirement, the news release said.

In addition to addressing asset allocation and investment concerns among participants, AAG acts as a fiduciary for the Managed Accounts and Online Advice services.