MG Advisory Services President Stewart Cohune said SmartPlan is “a simple and powerful way to add modern communications technology to our platform.”
SmartPlan combines a video-based presentation of detailed financial information with an interactive application that prompts users to make investment decisions. Video hosts offer a brief video overview of 401(k) basics, followed by a discussion of selected features, such as automatic enrollment, matching contributions, and loans. Then, using interactive forms, video hosts guide participants through a short process, including individual retirement needs and risk profile surveys, and selection of investment types and contribution amounts, in order to generate a personalized investor profile (see “vWise Launches Participant Adviser Web Site”).