Advisers prefer managed accounts as a retirement income solution, a PIMCO survey shows.
Tag: managed account
Managed account solutions may present opportunities for wealth management firms to grow assets and revenues, but they also carry risks that must be effectively managed.
As they head into 2022, DCIO sales and marketing units report appreciating stock prices and improved net sells that they expect to continue.
The firms, which collaborated to launch a new adviser managed account solution, say the retirement plan industry has both the capability and the obligation to close the workplace retirement savings coverage gap.
Designed for institutional and corporate retirement plan clients, PRS delivers personalized insights, guidance and tools.
Resources continues to expand its proprietary advice solution across multiple recordkeeping platforms.
This is the first time it is pairing a managed account and retirement planning solution from its chief investment office.
The firm is also offering a 90-day trial period of its managed account solution to retirement plan participants.
It will soon offer the personalized managed account platform to participants.
Sponsors are beginning to be willing to adapt their plans to accommodate retirees' lifetime income needs.
At year-end 2018, 66% of new plan entrants were enrolled via automatic enrollment.
Employers are offering this assistance in a variety of ways, including managed accounts, target-date funds and investment advice, according to PSCA.
Notably, more than 60% of employers want to keep retirees in their plan, and they are looking to change their targeted communications to inspire action, Alight Solutions found.
They are centered around three key themes: 1) Secure your foundation, 2) Achieve greater prosperity and 3) Inspire confidence.
Managed360 features a diverse set of investment options.
Monthly expenses are their second concern, The Standard found in a survey.
To help employees achieve their savings goals, 82% of sponsors are making changes to plan design, and 83% are updating their investment menus.
According to Fidelity, the enhanced managed account solution combines a personalized digital experience, discretionary investment management, ongoing support and access to a team of professional planning consultants.