Guardian Adds to Managed Account QDIA Capabilities

Guardian Insurance and Annuity Company is partnering with Brinker Capital Destinations to deliver a new CIT-based qualified default investment alternative to retirement plan clients.

A new managed account qualified default investment alternative (QDIA) has been added to The Guardian Choice and The Guardian Advantage programs, built around collective investment trust (CIT) portfolios from independent investment advisory Brinker Capital Destinations.

According to the firms, the new CIT-based QDIA option is delivered via five professionally managed risk-based portfolios, offering investment strategies ranging from conservative to aggressive that feature a blend of mutual funds and exchange-traded funds. Each portfolio utilizes a multi-asset class approach and targets a specific investment objective, utilizing aspects of active management and core-satellite portfolio construction.

Douglas Dubitsky, vice president at Guardian Retirement Solutions, says the new offering “represents each organization’s strong commitment to provide multiple managed account QDIA options to the small plan market space and help participants reach their long-term investment goals.”

Roddy Marino, executive vice president of national accounts and distribution at Brinker Capital, says the firm looks forward to the partnership with Guardian. “We are proud of Destinations’ long-standing track record as a disciplined investment solution, and our 10-year anniversary as a Retirement Plan Services provider,” Marino said. “Making our solution available through a large and prestigious partner such as Guardian significantly expands its availability to retirement plan investors.”

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