Pontera, Manulife John Hancock Retirement Announce Collaboration

Fintech company Pontera Solutions Inc. announced a strategic collaboration with Manulife John Hancock Retirement, the U.S. retirement business of Manulife Wealth & Asset Management. The companies will work together to allow for secure and compliant management by advisers of held-away accounts, including 401(k)s.

Pontera’s platform lets advisers analyze, rebalance and monitor workplace retirement accounts, while also safeguarding clients’ data. The firms’ partnership will also allow for more access to personalized advice for participants about their defined contribution accounts, according to the announcement.

“We’re proud to partner with recordkeepers who put participants at the center of every decision they make while expanding access to high-quality financial advice across the retirement and financial planning ecosystem,” Dave Goldman, Pontera’s chief business officer, said in a statement.

In the last year, Pontera announced partnerships with recordkeeper 401Go and registered investment adviser Hightower Advisors.

As of June 30, Manulife John Hancock Retirement serviced more than 57,000 retirement plans with more than 3.3 million participants and more than $254 billion in assets under management and administration.