intellicents has announced that it is teaming up with Empower on a new service for employer plan sponsors that want to offer their employees an expanded benefit that takes into consideration more than just their retirement plan.
Designed in collaboration with the Advisor Managed Account (AMA) service that Empower launched in 2019, the bioni(k) managed account program combines intellicents’ portfolio construction and manager selection expertise with Empower’s advisory services technology platform and client experience. The new service launched June 1, 2020, and is available to all intellicents retirement plan clients, according to the announcement.
“We are thrilled to be able to offer our bioni(k) managed accounts with Empower’s recordkeeping platform to our retirement plan clients and their participants,” notes Grant Arends, Co-Founder and President of intellicents. Arends explains that the program is more than just an asset allocation service, but rather a personalized retirement savings strategy that takes into account both current plan and outside assets of the participant, plus gives them plan savings rate recommendations, retirement withdrawal strategies and Social Security optimization.
“Empower is an important and growing relationship for intellicents,” adds Brad Arends, Co-Founder and CEO of intellicents. “They continue to be very innovative, yet collaborative, in their approach and technology. It’s our goal to put the most state-of-the-art tools in the hands of our advisors and consultants to aid in their personal success.”
