We believe everyone deserves access to fiduciary advice
We believe everyone deserves access to fiduciary advice
We offer participants a variety of ways to access the fiduciary advice they want and need.
We offer participants a variety of ways to access the fiduciary advice they want and need.
Empower Advisory Services
Empower Advisory Services
Empower Advisory Services (Advisory Services) not only helps employees stay educated related to their finances and reach their long-term goals; it also provides plan sponsors with a fiduciary solution to helping their employees meet their retirement goals. We provide a comprehensive solution built around plans and employees, their life changes, and their unique goals for the future. Advisory Services is composed of two fiduciary advice solutions1
1.
My Total Retirement™
My Total Retirement™ and Online Advice powered by Morningstar Investment Management, LLC
2.
The Professional Management Program
The Professional Management Program and Online Advice powered by Edelman Financial Engines LLC
Combined, these two independent investment advisers have been helping employees meet their retirement goals for 70 years. There is no guarantee provided by any party that participation in any of the advisory services will result in a profit.
Both solutions provide each employee with these perks:
Both solutions provide each employee with these perks:
Event-driven communication experiences designed to motivate positive action.
Support from investment adviser representatives.
A strategy that evolves as their needs and goals change.
A personalized saving and investment strategy.
Personalized saving and investment strategy
Personalized saving and investment strategy
Give your employees the help they need throughout the retirement journey. Beginning with only the information required to open an account, Advisory Services creates, implements and monitors a personalized strategy for each employee — and provides them with one-on-one access to investment adviser representatives who can advise them about their strategies and goals. As each employee provides additional information about themselves and approaches retirement, their strategy evolves and shifts from saving to spending in retirement.
Account review
Account review
Analysis of each employee's demographic information
Formulation of a strategy
Formulation of a strategy
Alignment with each employee’s situation and goals
Ongoing management
Ongoing management
Regular reviews and access to one-on-one support
Transition with retirement in mind
Transition with retirement in mind
A focus on capital preservation with steady retirement income
Withdrawal management
Withdrawal management
A custom spending strategy to help maximize income in retirement
Online Advice
Online Advice
Online Advice provides employees with:
Online Advice provides employees with:
Online Advice provides employees with self-service access powered by the same methodology as My Total Retirement or the Professional Management Program. This service, available at no additional cost to employees, can provide point-in-time recommendations for them to implement on their own.1
- Investment and savings-rate recommendations.
- Actionable steps so they can confidently implement their strategies.
- Access to the same methodology that powers My Total Retirement or the Professional Management Program.
“Through our comprehensive advisory services, we make retirement planning for individuals more personalized, more accessible and easier to understand. Participants can be better prepared for their financial futures when provided digital and human support throughout their life.”
Ken Verzella
Vice President, Participant Advisory Services, Empower
Complements, not substitutes
Complements, not substitutes
Based on this analysis, participants do not consider managed accounts to be substitutes for target date funds.
My Total Retirement
My Total Retirement
My Total Retirement offers a fully integrated advice solution that includes an industry-leading online and communication experience supported by one-on-one help from investment professionals.
Help give your employees the help they need for a brighter financial future. Please contact your sales representative at 877-630-4015
Help give your employees the help they need for a brighter financial future. Please contact your sales representative at 877-630-4015
FOR FINANCIAL PROFESSIONAL USE ONLY.
1 Online Advice and My Total Retirement are part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser. Online Advice and the Professional Management Program are part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser.
Empower Advisory Services refers to the advisory services offered by Empower Advisory Group, LLC, such as My Total Retirement and Online Advice. EAG uses Morningstar Investment Management LLC to provide subadvisory services. EAG and Morningstar Investment Management are unaffiliated registered investment advisers. Morningstar Investment Management is a subsidiary of Morningstar, Inc. EAG is a subsidiary of Empower Annuity Insurance Company of America. Morningstar is a registered trademark of Morningstar, Inc. ©2022 Morningstar, Inc. Future results are not guaranteed by EAG, Morningstar Investment Management or any other party.
Empower Advisory Services refers to the advisory services offered by Empower Advisory Group, LLC, such as the Professional Management Program and Online Advice. EAG uses Financial Engines Advisors L.L.C. to provide subadvisory services. EAG and FEA are unaffiliated registered investment advisers. EAG is a subsidiary of Empower Annuity Insurance Company of America. Edelman Financial Engines® is a registered trademark of Edelman Financial Engines, LLC. ©2022 Edelman Financial Engines, LLC. Future results are not guaranteed by EAG, FEA or any other party.
EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser Empower Advisory Group, LLC.