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Products April 7, 2010
Principal Unveils Adviser-Based Asset Allocation Product
The Principal Financial Group has released RetireView, a product designed to help plan advisers help participants in their client plans choosing their optimum asset allocation.
Reported by Fred Schneyer
According to Principal, the new offering allows sponsors to select investment options populating 20 asset allocation models designed by Ibbotson Associates. Principal said the models include a variety of risk profiles, from conservative to aggressive.
Participants take a risk quiz and then select a model based on their investment profile and years until retirement.
Principal said the offering can include two automatic features to ensure plan participants’ asset allocation models follow their original investment strategies despite market changes. One adjusts asset allocation as the participant gets older while the other rebalances the account on a quarterly basis to keep the mix in line with desired targets.
There are no additional fees to plan sponsors or participants for the new offering, Principal said.