Securian Financial and Qualified Plan Advisors have introduced an adviser managed account solution that's built with Stadion Money Management, for use in retirement plans.
The QPA Managed Account Service uses available employee data to create an investment allocation unique to each individual and adjusts the investment mix automatically over time as an employee’s circumstances change, Securian said in a release, noting that the use of data that has already been provided streamlines processes and keeps costs reasonable. Employees who want to do so can provide additional data to further personalize their allocation.
QPA will work with companies to ensure that the investment menu is suitable for their employees.
As the fiduciary, Stadion will monitor participant portfolios continuously and ensure they remain appropriate as finances and life circumstances change over time.
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