401(k) provider Human Interest has launched PartnerConnect, "an integrated platform that empowers financial advisors to seamlessly create, manage, and monitor their clients’ 401(k) plans and investments from a single dashboard," the firm announced Wednesday.
Targeted to both retirement plan advisors and wealth advisors, "PartnerConnect includes innovative features that have long been on advisors’ wish lists: the ability to view and manage multiple clients across one platform, tools to quickly design and change custom investment lineups, and the elimination of dozens of manual processes historically associated with setting up 401(k) plans," the firm announced.
“Advisors are on the front lines of the effort to help investors and businesses navigate our challenging retirement system — and their partnership is crucial to Human Interest’s mission to deliver retirement plans for people from all lines of work,” Rakesh Mahajan, chief revenue officer at Human Interest, said in a statement. “That’s why we designed PartnerConnect with advisors at the heart of the experience.”
Advisors spend nearly 1,000 hours a year on administrative and compliance tasks instead of focusing on their customers, Human Interest said.
“Setting up new plans takes a fair amount of time and several manual processes, including sending emails and documents back and forth," added Noel Dulac, managing partner, Retirement Fiduciary Group. "A platform that could automate this process will help me spend less time on administrative work and more time focused on my clients."
PartnerConnect, the firm said, "integrates plan design, proposal management, fund lineup and participant data into a single solution," with features that include a toolkit offering more than 3,000 funds, allowing advisors to "easily adjust funds or create lineup templates for replication across multiple plans, eliminating the need to email Excel files manually."
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.