Target Pro™ Portfolios require no employee engagement
Securian Financial is expanding its retirement plan investment solutions with the introduction of Target Pro™ Portfolios—reasonably priced managed accounts that maximize personalization to manage risk and help employees of all ages reach retirement income goals.
Target Pro Portfolios securely leverage employee data to create a personalized investment allocation unique to each employee. Using data already provided—instead of building out systems and expecting employees to act—streamlines processes and keeps costs reasonable. Employees who want to provide additional data can do so to further personalize their allocation.
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“Typical managed accounts require employees to take action, and many times that just does not happen, so we’ve taken a different path,” said Steve Chappell, Securian Financial vice president for retirement solutions distribution. “We believe there’s an evolution happening where individuals of all ages value a strategy based on their unique circumstances. The no effort, reasonable cost approach of Target Pro Portfolios makes it a feasible solution to meet those new expectations.”
Stadion Money Management, an experienced managed-account-focused money manager, creates the asset allocation formula for participants using Target Pro Portfolios. Financial professionals leveraging the portfolios can choose the degree of fiduciary involvement best suited to their clients, practice and value proposition. All aspects of portfolio management are integrated with Securian Financial’s recordkeeping system, resulting in a seamless experience for financial professionals, plan sponsors and participants.
Advisory firms Pensionmark and Resources Investment Advisors have been building integration with Securian Financial and Stadion to utilize their own white labeled solutions with their clients.
“We are excited about helping American workers access personalized investment assistance via Securian Financial and Stadion. They have been great to work with as we created our customized strategy,” said Vincent Morris, Resources Investment Advisors’ president.
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