Wednesday, November 8th, 2023 A topical newsletter from PLANADVISER Managed Accounts and Participant Advice Participant engagement and guidance is an important and evolving area of focus for plan sponsors. Below are recent PLANADVISER stories covering trends in managed accounts and advice. SPONSORED AD IN PRACTICE AI’s Potentials, Pitfalls or Enhancing Participant Advice The retirement industry is honing in on artificial intelligence uses—and potential misuses—in improving participant interaction. PRODUCTS Managed Accounts Show Mass Potential, Need Better Benchmarking Plan sponsors want personalized advice for participants, but many may need clearer guidance to implement managed accounts, according to new research issued by Cerulli and Edelman Financial Engines. PRODUCTS & SERVICES Personalizing DC Investing Grows Thanks to Data, Coordination, Panelists Say Advancements in managed accounts have driven down fees, complexities and poor user experiences to improve customized retirement savings, according to LeafHouse Financial conference panelists. IN PRACTICE Smaller Plan Sponsors More Likely to Default to TDF that Moves to Managed Accounts A hybrid QDIA solution that transfers participants from a TDF into a managed account can be a hard sell, say plan advisers, but there is traction among smaller plan sponsors with less litigation risk. PRODUCTS Morningstar, Envestnet Partner on Personalized IRAs Targeting All Balance Sizes The managed accounts service will be powered by fintech IRALogix and is aimed at IRA holders without an adviser. PRODUCTS ADP, Morningstar Launch Managed Accounts for Small Business 401(k)s Payroll provider and investment manager cite goal of providing personalized retirement portfolio guidance to underserved small-employer market. Did someone forward you this newsletter? Sign up here to get PLANADVISER Spotlight directly in your mailbox!

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