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intellicents and Empower Retirement Partner on Advisor Managed Account Service
July 22, 2020
intellicents is announcing the launch of an innovative new service for employers who sponsor retirement plans and want to offer their employees an expanded benefit that goes beyond a traditional investing vehicle.
The intellicents bioni(k) managed accounts is a new service
offered on the Empower Retirement platform to help
retirement plan participants take into consideration more
than just their retirement plan.
The bioni(k) managed account program combines the
strength of intellicents’ portfolio construction and manager
selection expertise with Empower’s advisory services
technology platform and client experience. intellicents is
now included in the select group of 401(k) advisors that have
a joint product partnership within the Empower Retirement
Advisor Managed Account program.
The new service launched on June 1st, 2020 and is available
to all intellicents retirement plan clients.
The bioni(k) offering is designed in collaboration with the
Advisor Managed Account (AMA) service that Empower
launched in 2019.
Empower serves the retirement needs of approximately
9.7million Americans who are saving for retirement through
40,000 retirement plans. The provision of advice to those
individuals typically occurs through retirement managed
accounts, which are designed to provide personalized
retirement planning through an analysis of an individual’s
goals, demographic data and full financial picture.
AMA provides advisor firms with a seamless path to offer their
own managed account services directly to their Empower
Retirement clients, leveraging Empower’s cutting-edge
advisory services experience and infrastructure. Advisor firms
serve as the registered investment advisor for the service
and control the investment approach as well as pricing and
branding. AMA is offered through Advised Assets Group, LLC
(AAG), which also provides Empower Retirement Advisory
Services.
“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,” said Grant
Arends, Co-Founder and President of intellicents.
Arends explained that bioni(k) managed accounts 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. It
brings a holistic financial planning approach to in-plan
participant advice, enhancing their ability to achieve
retirement success.
“Empower is an important and growing relationship
for intellicents. They continue to be very innovative, yet
collaborative, in their approach and technology,” added
Brad Arends, Co-Founder and CEO of intellicents. “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.”
For more information on the bioni(k) managed accounts
click here or call 800-880-4015.