MFS Re-Ups With Morningstar Advice

September 27, 2001 ( - MFS Investment has renewed its agreement with Morningstar Associates to provide online advice to its retirement plan clients for another two years.

The services will continue to be available to more than 525,000 participants in 8,500 retirement plan clients of MFS through the MFS Retirement Access Web site.

“Clear” Choice

Two versions of Morningstar’s ClearFuture advice product are available to MFS clients:

  • Guidance – offered free of charge, including online educational materials, research, and personalized asset-allocation suggestions which highlight investment options within each asset category that achieved the highest Morningstar quality rating
  • Advice – offered for a “nominal” fee, according to MFS, offers specific portfolio advice from Morningstar Associates, using the most suitable investments available in a participant’s retirement plan.

Both options allow participants to immediately implement their new allocations through a direct link from ClearFuture to the MFS record-keeping system.

Both versions also use a goals-based approach, which allows participants to examine the relationships between asset mixes, long-term and short-term risk, and expected retirement income.