A McHenry Group news release said the new risk services will be offered through its PlanTools Risk Management System. The system helps retirement plan sponsors conform to recognized prudent fiduciary practices in managing defined contribution plans, according to the announcement.
PlanTools and Klein Decisions will integrate tools to provide plan sponsors and their advisors with access to the K4 Preference Assessment Process.
Based in Raleigh, NC, Klein Decisions has developed a methodology that utilizes research techniques to precisely quantify an investor’s preferences, goals, and beliefs, and then applies that research to the investment decision process, the news release said.
The PlanTools service platform was created to help advisors & institutions support their retirement plan clients with solutions that help manage compliance, brand & relationship risks for service providers. More information about The McHenry Group is at http://www.mchenrygroup.com .
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