FinMason Launches Online Portfolio Illustration Tool

A tool from FinMason aims to help 401(k) investors get a better understanding of their retirement plan investments.

Citing an increasing need for retirement plan investors to understand the holdings in their portfolios, investor education company FinMason has launched The Finspector, a free online tool to help retirement plan participants better understand their investments. The tool analyzes more than 6 million investments globally, including 24,000 mutual funds and exchange-traded funds.

The Finspector points out potential strengths and weaknesses in investors’ portfolios, how their investments could perform in the future under different market scenarios, how the portfolios’ yields could improve when various holdings are changed, and how their holdings benchmark against similar funds. Based on participants’ savings rates and projected performance, the tool also shows participants how much they can expect to have saved by retirement age.

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“Millions of Americans are basically ignoring their 401(k) plans,” says Kendrick Wakeman, founder of FinMason. “What investors really need is an independent, unbiased tool that helps them see which advice is right for them and which advice is not, so they can move forward with confidence.”

More information about the tool is available here.

 

John Hancock RPS Names Mid-Atlantic Sales Leader

John Hancock Retirement Plan Services hired Steve Davis as divisional vice president, responsible for sales management in the Mid-Atlantic region.

Davis is a 20-year retirement plan services veteran, the firm says. He was most recently the national sales manager for a significant retirement plan provider.

He graduated from Davidson College and the Securities Industry Institute of the Wharton School of the University of Pennsylvania. Davis holds Series 7, 63, 65 and 26 licenses from FINRA, and will report to Bob Carroll, national sales manager of John Hancock Retirement Plan Services.

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John Hancock Financial is a division of Manulife.

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