The Matrix Retirement Platform is designed to bring objective, fiduciary-friendly investment management and asset-allocation services to retirement plan advisers and their plan sponsor clients, according to a statement from Securian.
Powered by Matrix, a proprietary retirement services platform from Broadridge Financial Solutions, the new solution provides access to online tools that can help streamline investment analysis and menu selection. The tools can also help advisers manage levelized compensation, build model portfolios and monitor ongoing investment performance.
The solution was designed with a specific subset of advisers in mind—namely fee-based retirement plan advisers who prefer to utilize levelized compensation across plan assets and who help plan sponsors manage fiduciary responsibilities and risks, according to Securian.
Rick Ayers, vice president at Securian Retirement, says the open architecture arrangement allows advisers to access thousands of funds with no proprietary restrictions.