Recent research from Cerulli Associates finds that RFP teams are struggling to meet turnaround times as volumes skyrocket and complexity increases.
J.P. Morgan Asset Management is aiming to do something about it with the launch of Price Smart, a new digital solution providing advisors with the ability to instantly generate custom 401k pricing proposals for clients.
The new solution is offered through Retirement Link, J.P Morgan’s bundled defined contribution plan offering.
“Our new Price Smart solution, offered through Retirement Link, allows advisors to instantly generate customized 401k pricing proposals to identify potential costs savings and enable clients to make more informed decisions,” Michael Miller, Head of Retirement Distribution at J.P. Morgan Asset Management, said in a statement. “Retirement Link harnesses the breadth of J.P. Morgan’s investment expertise and thought-leadership to help advisors build robust plans at lower costs.”
Price Smart delivers three key capabilities to help advisors build stronger plans at lower costs:
Identify potential cost savings
- View three pricing options per plan, in both flat dollars and percentages
- Compare Retirement Link pricing proposal vs. current 401k fees to see how much your clients could save
Tailor proposals to each plan
- Present bundled or TPA pricing for multiple scenarios
- Help clients make informed decisions by customizing additional services
Get instant results
- Gain secure, 24/7 access to plan quotes on demand
- Save and manage proposals online to make updating quick and easy
“We remain focused on exploring opportunities to enhance our Retirement Link solution to better address the retirement plan needs of organizations with assets from $500,000 to over $100 million, and the launch of Price Smart is testament to this commitment,” Miller added.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
