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Products July 3, 2004
American Century, Financial Engines Unveil IRA Rollover Service
March 19, 2003 (PLANSPONSOR.com) - Investors
considering moving their qualified plan assets to an IRA now
have another potential information source on best completing
that transaction.
Reported by Fred Schneyer
American Century Investments and Financial Engines, Inc. said their new joint Rollover Advisor service features an American Century rollover specialist using Financial Engines’ IRA Rollover QuickSolve program to help investors. The specialists give a list of IRA fund recommendations tailored to the investor’s financial goals. Investors can also access the Rollover Advisor service directly through the American Century Web site www.americancentury.com .
Individuals using the new service will be taken through a series of targeted questions to help determine how their rollover money should be invested. First, information is collected on the investor’s age, target risk level and current account setup. Next, the Rollover Advisor service generates a proposal that compares the potential future outcome, risk level and fund allocation of the individual’s current account with the recommended IRA account.
The Rollover Advice Specialist can work with the investor to help complete paperwork and monitor each step of the rollover process.