PGIM partners with iJoin to expand access to PGIM RetireWell™ Managed Accounts
New offering raises the bar on personalized advice at scale to help savers reach retirement goals
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“The PGIM RetireWell Managed Accounts were created to solve for the retirement challenge that American workers face today — transforming savings into adequate, sustainable retirement income.” --
Configurable as a plan’s Qualified Default Investment Alternative (QDIA) or via opt-in, PGIM RetireWell Managed Accounts incorporate proprietary methodology and patent-pending technology to create a personalized retirement strategy based on each participant’s unique data, preferences and goals. Leveraging iJoin’s sophisticated yet intuitive user experience, the PGIM RetireWell Managed Account invites investors to fine-tune their income goal by expressing risk tolerance preferences as well as considering health-related priorities.
There is growing evidence that managed advice is desired by a majority of plan participants2 and can lead to higher overall savings rates.3
Since 2020, iJoin has integrated its data-driven, goals-based participant experience with leading providers of managed account programs, in-plan income, and IRA rollover solutions. Available through a growing number of retirement plan recordkeepers, financial advisors now enjoy unparalleled product choice with which to make informed recommendations based on plan and participant suitability.
The PGIM RetireWell Managed Accounts are part of PGIM RetireWell™ Solutions, a suite of tools, products and solutions developed to help defined contribution plan participants achieve better retirement outcomes through holistic advice and guidance.
Please contact PGIM DC Solutions for more program information for plan recordkeepers and plan advisors.
ABOUT PGIM DC SOLUTIONS
As the retirement solutions provider of PGIM, PGIM DC Solutions seeks to deliver innovative defined contribution solutions founded on market-leading research and capabilities. Our highly experienced team partners with clients on customized solutions to solve for retirement income. As of
ABOUT PGIM
PGIM is the global asset management business of
As a leading global asset manager with
ABOUT
iJoin is a leading retirement plan infrastructure technology partner supporting cost-efficient personalized managed account programs, built-in plan health analytics and reporting tools, financial education and wellness, access to guaranteed income products, and IRA rollovers. We're built to help financial advisors differentiate and win. LDI-MAP (d.b.a. iJoin) is a registered investment advisor with the
1 The term PGIM as used in this announcement includes
2 Source: The 2022 BlackRock Read on Retirement, 76% of plan participants are interested in using a service that provides personalized investment recommendations and manages their investments on their behalf.
3 Source: Transamerica: Managed Accounts in Retirement Plans; Measuring the impact of a personalized, goal-based retirement strategy, 2023, page 6.
4 Reported data reflect the assets under management by PGIM and its investment adviser affiliates for defined contribution investment purposes only.
5 As of
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact a financial professional.
PGIM DC Solutions aims to help participants achieve their retirement goals through their suite of “PGIM RetireWell™” solutions. These solutions may include a range of investment options including target date portfolios, retirement spending strategies, and managed accounts powered by our proprietary advice engine. There is no guarantee that investment or retirement goals will be achieved. Use of the term “RetireWell” and any related phrase is not intended to indicate that such goals will be achieved.
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MEDIA CONTACTS
PGIM:
+1 908 313 5332
kylie.scott@pgim.com
iJoin:
GSM Marketing
+ 1 904 565 2959
alan.gross@gsm.marketing
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