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The suite of MG Trust Target Date Collective Funds include eight diversified portfolios with target retirement dates ranging from 2015 to 2050, in five-year increments. The funds are structured to provide participants with the appropriate levels of risk to produce positive returns throughout different stages in their careers, according to MG Trust Company, a wholly owned subsidiary of Matrix Financial Solutions.
The funds are powered by the industry leading research and due diligence of Prima Capital and are based upon Prima Capital’s proprietary research model technique, MG said in a press release.
“Embedding Prima Capital’s high-level research and due diligence into the MG Trust Target Date Collective Funds is another competitive advantage and great benefit to the end user. Prima Capital typically works solely with major banks and institutions. We are now able to offer the same level of service to retirement plan participants,” said John Moody, President, Matrix Settlement and Clearance Services, in the announcement.
According to MG Trust, additional highlights of the MG Trust Target-Date Collective Funds include:
- 100% open architecture platform, with no conflicts of interest in manager selection or portfolio structure
- Deep research and transparent advice delivered through cutting-edge technology to allow the TPA or retirement adviser to better serve the needs of the plan sponsor
- Ongoing monitoring of managers which enables best practices management and regular portfolio rebalancing
- Fully disclosed fees
- Institutional quality research and due diligence provided by Prima Capital