Lincoln Financial and Morningstar Launch 401(k) Advice Option
July 12, 2008
Lincoln Employer Markets, a division of Lincoln Financial Group, has launched a 401(k) managed accounts option from Morningstar Associates.
The Morningstar Retirement Manager includes Morningstar Associates’ 401(k) managed accounts service and adds a discretionary account management service option called Managed by Morningstar. The new offering enhances Morningstar’s guidance, which is already available to Lincoln Alliance and Lincoln SmartFuture retirement programs.
“Many participants are overwhelmed by investment choices and this can lead to them not enrolling in their company’s retirement plan,” said Cindy King, head of product for Lincoln Employer Markets retirement programs. “With Morningstar Retirement Manager, plan participants will automatically have the guidance and knowledge they need to help better prepare for retirement.”
Participants that have the Morningstar Retirement Manager receive a personalized retirement strategy, including a retirement income goal assessment, recommended savings rate and construction of an appropriate portfolio strategy based on a participant’s goals and personal situation. Participants will also get automatic investment selection, ongoing account monitoring and quarterly progress reports.
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