HUB Managed Account Services
Ensure your employees have the support they need to pursue retirement readiness.
When it comes to developing a retirement strategy, one-size-fits-all investing can’t address your employees’ individual needs and goals. Employees of all ages, but particularly those nearing retirement, can benefit from one-on-one advice that is tailored to their unique needs.
Providing personalized asset allocation advice to your employees may seem out of reach – but with HUB Managed Account Services, they have access to an investment strategy designed to support their retirement goals.
The online retirement planning service provides employees with advice that helps them answer questions like:
• How much should I save?
• How should I invest my savings?
• When can I afford to retire?
Custom Asset Allocations
Default investing has evolved over the past 20 years. HUB Managed Account Services provide a customized discretionary portfolio. This portfolio leverages experienced investment professionals who will monitor your employees’ retirement assets. In addition to tailoring the investment selection based on an employee’s retirement date, the service uses investments already available in your retirement plan, and information about each employee, to create and implement a portfolio of investments customized to each employee’s needs.
Engaging and Action-Focused Communication
With HUB Managed Account Services, employees receive a comprehensive view of their retirement picture, including estimated retirement income, with a focus on engagement and actionable insights.
This includes:
- A projection of the retirement income they’ll probably need and what they are likely to have based on what they’re saving now
- Recommendations for how much they should save and when they could consider retiring
- Advice on when to take Social Security benefits
- The ability to personalize their plan investments based on a variety of details, including when they want to retire, how much money they will need, other retirement accounts, and any spousal information
Offer a Competitive Benefits Package
Providing options that help employees plan for their financial future could be the crucial differentiator in your benefits package. HUB Managed Account Services can help you stand out from other employers who simply offer a retirement plan.
Help Employees Manage Financial Stress
Managed account services may also help you address some of the needs of your workforce as more workers experience financial stress. A recent study found that participants who use managed accounts tend to save more for retirement, whether the managed accounts service was opt-in or opt-out.*
*Out of Sight, but Not Out of Mind: Helping Remote Workers With Retirement Managed Accounts, Morningstar, January 2021
Custom Asset Allocations
Default investing has evolved over the past 20 years. HUB Managed Account Services provide a customized discretionary portfolio. This portfolio leverages experienced investment professionals who will monitor your employees’ retirement assets. In addition to tailoring the investment selection based on an employee’s retirement date, the service uses investments already available in your retirement plan, and information about each employee, to create and implement a portfolio of investments customized to each employee’s needs.
Engaging and Action-Focused Communication
With HUB Managed Account Services, employees receive a comprehensive view of their retirement picture, including estimated retirement income, with a focus on engagement and actionable insights.
This includes:
- A projection of the retirement income they’ll probably need and what they are likely to have based on what they’re saving now
- Recommendations for how much they should save and when they could consider retiring
- Advice on when to take Social Security benefits
- The ability to personalize their plan investments based on a variety of details, including when they want to retire, how much money they will need, other retirement accounts, and any spousal information
Offer a Competitive Benefits Package
Providing options that help employees plan for their financial future could be the crucial differentiator in your benefits package. HUB Managed Account Services can help you stand out from other employers who simply offer a retirement plan.
Help Employees Manage Financial Stress
Managed account services may also help you address some of the needs of your workforce as more workers experience financial stress. A recent study found that participants who use managed accounts tend to save more for retirement, whether the managed accounts service was opt-in or opt-out.*
*Out of Sight, but Not Out of Mind: Helping Remote Workers With Retirement Managed Accounts, Morningstar, January 2021
71% of participants who were not on track to meet their retirement goals increased their savings rate after entering a managed accounts service.
Participation in HUB Managed Account Services does not guarantee investment success. All investing involves risk, including possible loss of principal. There can be no assurance that any financial strategy will be successful. HUB International and GRP Retirement Partners, LLC does not guarantee that the results of their advice, recommendations or objectives of a strategy will be achieved.
GRP Retirement Partners, LLC, a registered investment adviser and a HUB International company, acts as a fiduciary with respect to the management of the HUB Managed Account Services investments. Please consult the HUB Managed Account Services Investment Advisory Agreement for fee terms located under the Acknowledgement and Agreement section. Some or all participant fees may be paid to the recordkeeper or affiliates. Global Retirement Partners, LLC and Morningstar Investment Management LLC are not affiliated with the recordkeeper or its affiliates.
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