Employees of John Hancock Total Retirement Solutions clients
can now use the MyLifeNow mobile app to enroll in their company’s 401(k) plan.
With the addition of MyLifeNow mobile enrollment,
participants can also sign up for automatic salary deferral increases and adjust
their pre-tax, Roth or after-tax contributions. The app also presents account
balances, personal rates of return and current investment allocations.
“If we want to engage with participants, we need to meet
them where they are,” explains Patrick Murphy, president of John Hancock Retirement Plan
Services, “not ask them to come to us.” He
suggests mobile phones are rapidly becoming the primary vehicle for people to
manage their lives, “whether that is banking, communication, and yes—even
retirement planning. Ensuring our participants can actually interact with their
plan, not just get information, will be critical as we continue to move into a
more mobile world.”
The MyLifeNow mobile app was launched in 2013 to give
participants anywhere access to their 401(k) account balance, personal rate of
return, estimated annual retirement income, year-to-date contributions, and
investment allocations by asset class. Earlier this year, the company added other transactional capabilities, including reviewing and changing contribution
percentage rates.
Asset
International (AI) a global leader in providing critical data, business
intelligence, and information services to the worldwide investment management
industry, today announced the hiring of five executives, two senior staff and
two advisers in support of the growing global demand for rapidly delivered
insightful, relevant, and reliable, market intelligence and data.
Joel
Mandelbaum, chief executive officer of Asset International states, “This is a
big step toward creating the global leader of business intelligence and digital
media in the investment management space. This is a proven team with deep
commercial experience and repeated success. Included among the firms from which
they joined Asset International are: Bloomberg, Bottomline Technologies,
Openlink, Ion Trading, and Cerulli Associates. These joiners, when coupled with
our excellent staff and deep client community, will drive this business far,
and enable us to help our clients advance their objectives with their clients.”
Mandelbaum’s
appointment as CEO and president of Asset International was announced in late August this year.
Tony
Salewski, Managing Director at Genstar Capital, Asset International’s majority
investor, says, “Genstar is excited about the increased depth of talent and
experience these new hires bring to Asset International. AI presents an
exciting opportunity for growth in the asset management space and we believe
the decision by our new executive team members to join AI is an endorsement of
Joel’s proven track record and the significant and growing value we provide to
our clients.”
“Only
a sponsor with a long-term view on value creation and confidence in the company
and the team would embrace such a swift and material investment in people. I am
thrilled to be working with such a partner in Genstar Capital and to be
reunited with this team” says Mandelbaum.
Every
day, with its data, analytics, media, and research, the 11 business units of
Asset International touch 175,000 professionals across 1,000 clients that
include almost all of the world’s largest asset owners, asset managers,
custodians, and corporate retirement plan sponsors with aggregate assets in
excess of $30 trillion. Every month, Asset International’s business units
conduct client transaction cost analysis, examining 500 million equity, fixed
income, and foreign exchange trades with an aggregate value of $2 trillion
dollars.
NEXT: New members of Executive Committee
Terry
Beadle is chief revenue officer responsible for Sales, Account Management,
Professional Services, and Client Support and a member of the Executive
Committee. Most recently, Beadle was at Bloomberg. Prior to Bloomberg, he held
various executive positions at Wall Street Systems including managing director
of Professional Services, managing director of Treasury Systems Products and managing
director of Global Treasury Sales.
Tony
White is chief content officer, global product manager and a member of the
Executive Committee. Most recently, White was business development director at
Bottomline Technologies. Previuosly, he held various executive positions at
Wall Street Systems including managing director of Software Development, managing
director of Account Management and managing director of FX Trading Products,
including the Wallstreet FX platform and the Electronic Settlement Network.
Andrew
Guillette is chief Data and Research officer, global product manager, and a member
of the Executive Committee. Most recently, Guillette was chief operating officer
of Cerulli Associates and has held various asset management research, planning,
and marketing positions with Columbia Investments, John Hancock, and Fidelity
Investments.
Seth
Cohen is senior adviser to the Executive Committee. Cohen was formerly the CFO
of Newtek Business Services, Inc. and a trustee of the City of New York’s
Public Pension Funds.
NEXT: New appointments
Garry
Hodnett is director of Human Capital. Most recently, Hodnett was director of
Human Resources at Ion Trading. Previously, he was director of Human Resources
at Wall Street Systems.
Leonie
Alsop is director of Global Marketing. Most recently, Alsop was SVP, global head
of Marketing at OpenLink Financial. She was the former global head of Marketing
Operations at Temenos and global head of Marketing at Wall Street Systems.
Allison
Joy Phillips was appointed executive assistant to the CEO. Phillips was
formerly a sales professional at SuperDerivatives, Ion Trading and Wall Street
Systems.
Mandelbaum
also announced that Avi Nachmany has been appointed senior adviser to Strategic
Insight, which he founded 30 years ago and where he was most recently executive
vice president, director of Research.
John
Lee has been appointed adviser to Global Custodian, The Trade and LiquidMetrix.
Lee founded The Trade 10 years ago and was most recently managing director,
Europe for Asset International.
About Asset
International
Asset International (AI) provides critical data, business intelligence, and
information services to the global investment management industry. AI delivers
proprietary data and analytics, as well as marketing solutions that target
global asset managers. The company’s client base includes more than 500 of the
most prominent names in the asset management industry. Its recognized data
brands include Strategic Insight, Investor Economics, Corporate Insights,
LiquidMetrix, FWW, and Plan for Life. AI’s portfolio of leading editorial titles
includes brands such as PLANSPONSOR, PLANADVISER, Chief Investment Officer,
Global Custodian, and The Trade. The company’s headquarters are in New York and
it maintains offices in Stamford, Connecticut; Boston; the San Francisco Bay
area; London; Toronto; Munich; Melbourne, Australia; and Hong Kong. AI is
backed by Genstar Capital. For more information, visit www.assetinternational.com.
About Genstar Capital Genstar Capital (www.gencap.com) is a leading private equity
firm that has been actively investing in high quality companies for more than
20 years. Based in San Francisco, Genstar works in partnership with its
management teams and its network of operating executives and strategic advisers
to transform its portfolio companies into industry-leading businesses. Genstar
manages funds with total capital commitments of more than $5 billion and
targets investments focused on selected sectors within the financial services,
software, industrial technology, and health care industries.