J.P. Morgan Takes Target Date Compass Online

According to a company news release, the program provides a framework advisers can use to evaluate design factors, such as time horizon, participant behavior, risk management, and asset class diversification, and identify those target-date strategies that are most closely aligned with the goals of the plan sponsor and its participants (see “JPMorgan Announces Target-Date Evaluation Product”).

Advisers can now go online and customize the Compass by adding or removing funds from the target-date universe to focus on the most relevant funds. In addition, they can generate a target-date analysis report which provides a side-by-side quantitative and qualitative analysis of the selected funds.

“With a vast universe of target-date funds to choose from, advisers and plan sponsors need a framework to sort out and identify the right option based on their goals,” said David Musto, head of J.P. Morgan’s retail investment-only retirement business. “With Target Date Compass, advisers can make sure they have thoroughly assessed the elements of a fund’s design and whether or not it is the right match for the plan.”

More information is available here.