MassMutual in collaboration with NextCapital announced that it will offer a new managed advice solution that allows for greater personalization of retirement plan investment strategies.
CalledManage My Retirement, the professionally managed account service through NextCapital will help DC plan participants choose a path to retirement that matches their personalities and circumstances with the goal of helping them achieve better outcomes. The services are available for 401(k), 403(b) and 457 plans, and can be customized with a specific plan’s available investment options, according to the announcement.
“Given the events of the last few months and the uncertain time we find ourselves in, personalization of retirement savings based on an individual’s broader goals is important now more than ever,” notes Paul Lapiana, head of product for MassMutual.
Manage My Retirement will also focus on the needs of advisory firms and plan advisers. By leveraging NextCapital’s flexible technology, MassMutual notes that it can provide customized solutions for different firms, including their own investment selections, varying levels of advisory interaction and their fiduciary role, among other things.
