Empower and Rockefeller Capital Management to Offer Personalized, Simplified Retirement Program
Empower, a leading retirement plan provider, and Rockefeller Capital Management ("Rockefeller"), a leading independent financial advisory and services firm, are partnering to offer the next evolution in retirement investing with innovative technology, a diverse menu of expertly managed investment options, and fiduciary protection.
The joint offering, called Rockefeller Capital Management (RCM) Retirement Plan Fiduciary Manager, combines the expertise of Empower and Rockefeller to deliver employers a simplified retirement plan offering to support their retirement plan benefit needs, plan fiduciary responsibilities and help drive employee retirement savings. Empower helps more than 17 million people1 with saving and investing by providing the tools and resources they need to help reach their financial goals, and Rockefeller, through its Retirement business, offers individual and group retirement solutions via private wealth management and family office advisors.
The RCM Retirement Plan Fiduciary Manager offers employers a cost-effective opportunity to access the knowledge and experience of leading wealth managers and strategic advisors with a leading retirement plan provider. The solution aims to make it easy for employers to offer what employees want - a simplified digital platform that enables them to easily view, manage and optimize their financial plan. Savers can track, manage, and plan for all their financial priorities in one place.
"This partnership will deliver a cost-effective practical retirement solution created specifically for individual organizations," said Edmund F. Murphy III, Empower President and CEO. "We are bringing together select features in one simple offering to give growing organizations more value and a user experience that engages their employees and helps them take positive action in their retirement planning."
"The business owners our advisors serve have many priorities to balance, from navigating inflation and changing markets to improving employee retention," added Gregory J. Fleming, President and Chief Executive Officer of Rockefeller Capital Management. "Combined with a competitive benefits package, the RCM Retirement Plan Fiduciary Manager provides a range of retirement savings options to help employers attract and retain top talent while allowing them to save time, reduce costs, increase efficiencies and focus on their other business needs."
Through the RCM Retirement Plan Fiduciary Manager program, plan sponsors and all other plan fiduciaries add an extra layer of fiduciary protection by engaging Rockefeller as an ERISA (3(38)) investment manager to the plan.
By utilizing Empower's capabilities, employees can access advice when they want and need it. The offering makes use of Empower's participant communications strategies to help individuals take action under their plan. A key to the partnership is the value and flexibility Empower offers through its branded Empower Select solution with more than 7,000 investment funds, including over 2,000 zero-revenue fund options from some of the most recognized managers.
About Rockefeller Capital Management
Securities, when presented, are offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment adviser, Advised Assets Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.
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