Mutual fund data vendor Lipper says that it has collaborated with benefits consultants The McHenry Group, LLC to launch the Lipper Retirement Solutions Platform, a retirement planning service.
The tool aims to allow financial institutions and advisors to create customised Investment Policy Statements (IPS) for their retirement plan clients. In addition, assisting advisors with analysing, comparing, monitoring and reporting on these investments.
“Lipper has made a substantial commitment to address the unmet needs for business, regulatory and investment professionals with the launch of the Retirement Solutions Platform in conjunction with The McHenry Group,” says Richard Malconian, the Global Head of Retirement at Lipper. “Our research has shown a clear need for objective support for investment professionals and institutions that serve the needs of fiduciary investors such as retirement plan sponsors and trustees. We are pleased to partner with The McHenry Group that carries a proven track record of success in the design, development and delivery of retirement solutions that work.”
“Lipper is the leader in services to mutual fund boards and other fiduciaries,” adds Ward Harris, the Founder and CEO of The McHenry Group. “They are the largest provider of support for regulatory review of mutual fund fees under Section 15(c) of the Investment Company Act of 1940, as well as being a premier provider of data and analytic tools for asset managers and product developers in the fund industry.”