Retirement Plan Advisors, LLC (RPA) has partnered with Stadion Money Management and EPIC Retirement Plan Services to expand its managed account platform, PortfolioPlus.
This new advisor managed account offering combines RPA’s proprietary manager due diligence and portfolio construction process, and Stadion’s proprietary personalization methodology with EPIC’s recordkeeping platform to provide personalized investment solutions for working Americans, according to the announcement.
“Target date funds are great for younger employees—who should invest largely in equities and ride out the ups and downs. But they don’t work nearly as well for people at or near retirement,” notes RPA President Josh Schwartz. “Retired and retiring Americans have vastly different circumstances, and their investment portfolios need to reflect that.”
“Financial markets are volatile and uncertain, and behavioral science demonstrates that investors don’t manage their assets well on their own. Investors are asking for help, and we are providing it through our managed account solution,” adds Schwartz.
“We are thrilled to be part of RPA’s expansion of PortfolioPlus with EPIC,” says Kerr McGowan, Stadion Senior Vice President of Retirement Solutions. “Stadion shares RPA’s focus on the participant, believing that we all can take an active role in helping people better prepare for retirement.”
Brian Lenz, EPIC Senior Director of National Sales, adds that, “EPIC is proud to offer the open-architecture backbone that enables RPA and Stadion. By eliminating managed account administration fees and proprietary product requirements, we’re able to couple a compelling price point with conflict-free investment advice to serve those who need the most help.”
