Morningstar Investment Management and Hueler Income Solutions announced that they are partnering so that Morningstar Retirement Manager can use Heueler’s platform to help retirement savers include guaranteed income products in their financial plans.
Morningstar Retirement Manager’s managed accounts and adviser managed accounts will be integrated with Heuler’s marketplace of institutionally priced annuities.
If plan sponsors or advisers want to offer annuities to plan participants or clients, Morningstar Retirement Manager will recommend how much of the portfolio balance to allocate to an annuity based on the investor’s situation, and Hueler will provide real-time annuity quotes, along with advice on the most appropriate annuity features for that investor.
"Many investors, especially those who are at risk of running out of money in retirement, could benefit from an annuity," James Smith, head of product and strategy for workplace solutions at Morningstar Investment Management, said in a statement. "However, the questions are numerous, from selecting an annuity, how much to annuitize, to various options investors are presented with during this process."
Hueler’s platform has been providing lifetime income products to plan sponsors and retirement plans since 2004.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
