Mutual of America Launches Customized IRA with Partners Morningstar Retirement, IRALOGIX and Envestnet

Strategic Insights -

Mutual of America Financial Group, a leading provider of retirement products and services, has introduced the MoA Managed IRA, a fully managed investment service that offers a new level of customization and flexibility to individuals saving for retirement. This service is made possible through a strategic collaboration with Morningstar Retirement, IRALOGIX, and Envestnet. The MoA Managed IRA is designed to provide a tailored investment strategy for each account holder, taking into account their financial situation, risk tolerance, retirement timeline, and contribution behavior.

Key Takeaways:

  • The MoA Managed IRA is a fully managed investment service that provides a customized investment strategy for each account holder.
  • The service is tailored to the individual's financial situation, risk tolerance, retirement timeline, and contribution behavior.
  • The infrastructure behind the MoA Managed IRA is powered by IRALOGIX, the leader in white-label IRA technology.
  • Morningstar Retirement delivers personalized portfolio recommendations and advice to account holders through the Morningstar Retirement Manager platform.
  • The service includes quarterly portfolio rebalancing and Morningstar Retirement Manager's Income Secure feature, which provides drawdown guidance to support those transitioning into retirement.
  • Envestnet brings its expertise in research, consulting, and portfolio management to provide non-discretionary portfolio management.
  • The collaboration among Mutual of America, Morningstar Retirement, IRALOGIX, and Envestnet aims to bring ease of managed accounts to the IRA marketplace on a broad scale.

Statistics:

  • 25 years of experience for Morningstar Retirement in serving over 33 million participants.
  • 25 years of experience for Envestnet in research, consulting, and portfolio management.
  • 18,000+ financial institutions served by Envestnet.
  • $11 trillion in assets on platforms served by Envestnet.
  • IRALOGIX contributes its modern, fully digital, and modular platform integrating smoothly with recordkeeping systems to support scalable, custom IRA products and services.

Sources:

  • Mutual of America Financial Group
  • Morningstar Retirement
  • IRALOGIX
  • Envestnet
  • SOURCE: Mutual of America Financial Group