For more stories like this, sign up for the PLANADVISERdash daily newsletter.
VALIC Releases Smartphone App for Plan Participants
The application allows VALIC customers to access their account information while on-the-go and provides helpful tools for tracking their financial progress.
With the VALIC mobile application, customers can view a summary of their portfolio, plan and outside assets, as well as check their transaction history, personal performance and industry news. The savings calculator, “Am I on Target?” enables users to determine whether their current savings strategy will be sufficient to meet their long-term savings goals, taking into consideration their VALIC retirement assets, Social Security, and outside plan assets. If the user is not on target, the feature offers calls to action to address the situation, including contacting a financial adviser, changing investment allocations and increasing contributions. Customers can access financial adviser profiles and contact information, as well as contact information for VALIC to facilitate any requests.
The free application is available for download through Apple’s App Store and Google’s Android Market. VALIC’s existing Mobile Access service will continue to operate for individuals whose phones are not compatible with the application.
VALIC is a retirement plan provider for K-12 schools and school districts, as well as for higher education, not-for-profit healthcare and governmental institutions.