For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Products September 17, 2007
Envestnet Partners with Business Logic to Offer Managed Accounts to DC Market
September 17, 2007 (PLANSPONSOR.com) - Wealth
management solutions provider Envestnet Asset Management is
partnering with Business Logic Corporation, a financial
software provider, to offer a unified retirement solution for
retirement plan providers, financial advisers and
sponsors.
Reported by Adrien Martin
According to a press release, by integrating this new automated managed accounts solution with the existing adviser platform, Envestnet can offer plan providers, plan sponsors and advisers a product with a broader range.
The company said the Envestnet Unified Retirement Platform offers plan providers onsite and ASP access, with features including:
- turnkey managed accounts for defined contribution plans using existing investment options that include both accumulation and spend-down phases;
- tools that broaden planning capabilities for defined contribution participants;
- adviser tools that generate proposals, execute investment transactions and monitor performance;
- the ability to attract outside assets and build retention plans for retirees;
- holistic participant financial plans that consider advice methodology, outside assets and other personal data;
- for non-defined contribution assets, the Envestnet adviser platform can also be customized with investment options offered by the provider and its advisers, as well as the complete Envestnet investment network; and
- options to create alliances with outside financial advisers who can manage participant assets.
For more information, see www.envestnet.com .
You Might Also Like:
ERISA Advisory Council Explores Annuity Default Options in DC Plans
Experts recommended annuities in QDIAs would help participants avoid outliving their assets.
Benefits |
PSNC 2024: Essential QDIA Considerations
Plan sponsors may need additional time and processes to consider qualified default investment alternatives, as various TDFs, managed accounts and...
Participant Spending Behavior Plays Role in Selecting QDIA, Guaranteed Income Solutions
New J.P. Morgan research finds that participants experience spending surges and volatility at different points of retirement.