Retirement Revolution Integrates ‘SmartPlan’ Solution

Recordkeeping and custodial services provider Retirement Revolution added vWise’s SmartPlan Enterprise solution to its retirement plan product offerings.

Retirement Revolution offers recordkeeping and asset custody services to registered investment advisers (RIA), third-party administrators (TPAs) and their plan sponsor clients. The SmartPlan Enterprise solution from vWise seeks to provide the benefits of a personal financial adviser to help organizations cut costs while increasing both plan enrollment and participant contribution levels.

“For today’s connected work force, SmartPlan Enterprise provides those benefits of a personal financial professional anywhere, anytime, through a PC, a Mac, or virtually any mobile device,” says Donna Ross, president of Retirement Revolution, which is headquartered in Irvine, California.

Once the SmartPlan application is launched, the software’s virtual hosts engage and educate plan participants through video-based presentations. The system also guides investors through a customized overview of their specific plan, providing various investment information and decisionmaking support.

Ross says Retirement Revolution hopes the integration of the SmartPlan solution will allow sponsor clients to better engage, educate and assist plan participants without substantially increasing plan expenses.  

“The breadth of Retirement Revolution data passed into the SmartPlan experience ensures participant plan details are presented in a highly engaging format, while keeping TPA workflows firmly in mind,” explains Tony Mingo, vWise president. “Plans established in the Retirement Revolution [system] are automatically established in the vWise SmartPlan system, delivering SmartPlan dynamic video content and rich media messaging directly to the plan sponsor’s busy population of employees, without Retirement Revolution clients lifting an additional finger.”

For participants, SmartPlan Enterprise serves as an online resource center, enabling them to learn about and manage their plans, change their investments, and control contribution rates through virtually any device.

Additionally, because SmartPlan Enterprise software will be launched within the Retirement Revolution system, each participant’s experience will be personalized, and all choices made through the system will be immediately updated in the company’s database.

More information is available here.