Voya Financial expands its Advisor Managed Accounts program with additional capabilities in alternatives and private assets
Voya Financial, Inc. announced the expansion of private asset capabilities within its existing Advisor Managed Accounts (AMA) program. These enhanced capabilities allow registered investment advisors (RIAs) to allocate to private market investments — including private equity, private credit and private real estate — within personalized, professionally managed portfolios for plan participants.
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Launched in 2021, Voya’s AMA program enables RIAs to deliver education alongside personalized, professionally managed portfolios to retirement plan participants through a consistent user experience.
“This solution gives plan sponsors a way to offer employees access to private markets through a program combining education, professional management, ongoing account oversight and our focus on designing solutions that support long-term outcomes,” said Amy Vaillancourt, president, Retirement. “Professionally managed solutions like advisor managed accounts can help participants navigate more complex investment options with greater confidence, while providing structured access to a broader set of investments.”
Today’s news builds on the launch of Voya’s Primary Plus, an expanded lineup of non-core investment solutions which allows third-party RIA firms that offer a managed account program through Voya, the ability to introduce investment options outside of a plan’s core investment lineup. These capabilities are designed to work together to help participants diversify their portfolios within a professionally managed framework, particularly as they move closer to retirement.
Due to their specialized structures and investment horizons, private markets have historically been limited to a narrower group of investors, even as more individuals build savings through workplace plans and look to diversify their portfolios. Reflecting its strong commitment to making high-quality investment solutions more accessible, Voya has a decade-long experience of successfully integrating private assets into custom asset allocation portfolios, and this move builds on and extends those capabilities across the AMA platform.
Initially, RIAs will have access to Voya Investment Management’s recently announced V-ALT collective investment trusts (CITs) and Blue Owl’s Alternative Credit CIT (OWLCX) and Real Estate Net Lease CIT (ORENT). Voya will continue to evaluate and add managers and strategies through its established governance process with a focus on disciplined portfolio construction and long-term participant outcomes.
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