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Products May 1, 2020
GoalPath, Questis Partner on Financial Wellness
The companies are offering a support program to investors affected by the COVID-19 pandemic for free for nine months.
Reported by Lee Barney
GoalPath Solutions, a practice management and back-office support program for retirement advisers, has partnered with Questis, a financial wellness provider, to offer its support program through employers to investors affected by the COVID-19 pandemic for free for the first nine months.
GoalPath President Marko Ungashick says the solution has been redesigned to speed delivery to employers and their employees.
“Traditionally, it might take between six to nine months to fully implement GoalPath based on all of the different components of the program,” he says. “By eliminating barriers, like fee negotiation and complete investment integration, we can get the financial education and resources into the hands of the people who need it now.”
Questis CEO Steve Wilbourne adds: “It made a lot of sense for us to partner with GoalPath to bring this solution to those who most need it. Our financial wellness technology platform is the perfect delivery mechanism for the full suite of tools through GoalPath.”
In addition to financial wellness and in-person and virtual financial goals, GoalPath has the ability to integrate a multiple glide path target-date fund (TDF) solution that uses custom participant data to target a monthly income in retirement. It can serve as a retirement plan’s qualified default investment alternative (QDIA).