OneAmerica is augmenting its shelf of retirement plan products with a new active asset-allocation suite.
The mutual company’s newly unveiled RetirementTrack American Funds are an active target-date series designed to offer a more cost-effective solution for investors in retirement plans.
The new funds – managed as a series of collective investment trusts by Great Gray Trust Company, with flexPath Strategies as a subadvisor – are structured to allow dynamic adjustments in asset allocation, optimizing the balance between equities and bond funds based on how close an investor is to retiring.
Available exclusively to qualified retirement plans, CITs have seen increased use as an alternative to mutual funds over the years as a result of their lower costs and potentially greater flexibility and customization.
According to one 2022 report from Sway Research, assets in the target-date fund market rose by an annual rate of 19% to reach $3.25 trillion in 2021. That included $1.45 trillion in CIT assets, which grew by 27%.
More recently, the firm reported that assets in target-date products rose 22% during 2023, including a 26% surge in CITs to reach $1.71 trillion.
“This is another great option for OneAmerica Financial clients who want to help their participants take control of their retirement strategy,” Alan Blaskowski, vice president of product, business development and innovation for retirement services, said in a statement.
The RetirementTrack American Funds also invest in mutual funds from American Funds, as well as a stable-value vehicle sponsored by American United Life Insurance Company. Those exposures, according to OneFinancial, help long-term investors maximize assets for retirement.
The RetirementTrack American Funds suite builds on OneFinancial’s original RetirementTrack series, which commemorated its third anniversary with over $1 billion in assets.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
