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Products June 2, 2002
ICMA Will Take mPower Advice 'Public'
February 6, 2002 (PLANSPONSOR.com) - ICMA Retirement
Corporation will offer its clients online financial advice
and guidance via mPower's Personal Advisor service.
Reported by Camilla Klein
ICMA, which assists in the establishment and maintenance of retirement plans for state and local government employers, serves more than 6,000 government employers nationwide with over 500,000 participants, according to a news release from ICMA.
Under this new arrangement, participants in ICMA plans now can benefit from free or low-cost access to mPower’s online analysis tools
Plan participants can choose between three levels of mPower advisory services, they are:
· participants are given general asset class level
recommendations at no cost, customized to their current
savings level, goals, time until retirement, and risk
tolerance,
· participants in ICMA-RC plans can receive asset
class guidance tailored to the fund options offered in
their specific plan, and
· for a fee, participants can use mPower’s independent
fund analysis and advice service, which offers a greater
level of personal customization and the ability to evaluate
investments based upon each product’s actual historical
results and risk level.
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