Ascensus Simplifies and Streamlines Fund Management for Financial Professionals

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February 2, 2016 10:00 AM EST

RIAs can now manage retirement plans’ investments directly online

DRESHER, Pa.--(BUSINESS WIRE)-- Ascensus, the nation’s largest independent retirement plan and college savings services provider, is pleased to announce that it has enhanced its financial professional website to provide financial professionals—particularly Registered Investment Advisors (RIAs)—with the ability to manage their clients’ retirement plan investments online.

Ascensus has demonstrated its ongoing commitment to providing its financial professional network with a best-in-class service experience through a series of technological enhancements. For well over a year now, Ascensus’ financial professional site has offered advisors a complete menu of available funds across their book of business. Each fund listing features a breakdown of Morningstar rating, share class, expense ratio, and past performance. This interface was designed with financial professionals’ convenience in mind and has quickly become the most popular feature of the site.

Most recently, Ascensus introduced enhanced online fund management capabilities to streamline the investment oversight process. The financial professional website’s new functionality enables advisors to:

  • Submit client requests to add funds and exchange funds,
  • Update the funds and the underlying percentages of model portfolios they have constructed for their client, including the ability to efficiently manage multiple plans that share the same model portfolios at one time,
  • Rebalance model portfolios to targeted allocations, and
  • Update model portfolio rebalance frequency.

Once an advisor submits a request for fund or model modifications online, the required fee disclosure documents are systemically prepared and made available to the plan sponsor. Requests made by advisors not operating as a 3(38) fiduciary are electronically routed to the retirement plan sponsor for approval. With this enhancement, Ascensus aims to save advisors time, reduce their administrative responsibilities, and allow them to engage in plan management at their convenience.

“Ascensus supports a vast network of financial professionals across the nation and offers them access to over 16,000 funds on our retirement platform,” states Geno Cufone, Ascensus’ senior vice president of retirement administration. “We plan to continue to make enhancements to our technology so that advisors can easily fulfill their fiduciary obligations and provide plan participants with best-in-class investment options.”

About Ascensus

Ascensus is the largest independent retirement and college savings services provider in the United States, helping over 6 million Americans save for the future. With more than 30 years of experience, the firm partners with financial institutions to offer tailored solutions that meet the needs of financial professionals, employers, and individuals. Ascensus specializes in recordkeeping, administrative, and program management services, supporting over 40,000 retirement plans and over 3.3 million 529 college savings accounts. It also administers more than 1.5 million IRAs and health savings accounts and is home to one of the largest ERISA consulting teams in the country. For more information about Ascensus, visit www.ascensus.com.

View career opportunities at careers.ascensus.com or on LinkedIn at linkedin.com/company/ascensus. For the latest company news, follow @AscensusInc on Twitter.

Ascensus
Roberta Hess
Vice President
Marketing & Communications
215-648-1426
[email protected]

Source: Ascensus


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