Securian Financial is expanding its retirement plan distribution relationship with SageView Advisory Group, with the introduction of SageView Personalized Portfolios.
According to a press release, the offering is an advisor managed account solution that “maximizes personalization to manage risk and help employees of all ages reach retirement income goals.” Using data already provided—which the firms say streamlines processes and keeps costs reasonable—SageView Personalized Portfolios leverages employee data to create an investment allocation unique to each employee. However, employees who want to provide additional data can do so to further personalize their allocation.
How it Works
SageView works with each plan sponsor to develop an investment menu that addresses the unique needs of the company’s employee base while adhering to fiduciary best practices. From there, participants who enroll in SageView Personalized Portfolios receive customized asset allocations that align with their financial situations and retirement goals.
SageView partners with Stadion Money Management to ensure that participant portfolios are monitored continuously and remain suitable as finances and life circumstances change over time. All aspects of portfolio management are integrated with Securian Financial’s recordkeeping system, providing what was described as a “seamless experience for SageView, employers and employees.”
