Ohio National Financial Takes mPower Advice

June 25, 2001 (PLANSPONSOR.com) - mPower's online investment advice product has gained a new distribution venue, the 2,200 retirement plan sponsors of Ohio National Financial Services.

Ohio National Financial Services markets a variety of financial products through its insurance subsidiaries across the nation, including some 30,000 participants enrolled in retirement plans funded with Ohio National group annuity products. Participants will have “seamless” access to the mPower service, complete with contributions and portfolio balances, pre-populated on each participant’s personal web page.

mPower’s investment advisory service includes personalized, fund-specific investment allocation recommendations based on each employee’s financial objectives, risk tolerance and other retirement assets.

Coming Attractions

Ohio National will integrate mPower’s next-generation advice product, mPower Personal Advisor, with Ohio National Online. The mPower Personal Advisor, which includes an enhanced risk-assessment process, simulation tools and the ability to plan for multiple retirement goals, will begin to be deployed this fall according to the companies.

Ohio National joins 25 other financial institutions that have chosen mPower as its online investment advice provider, according to the press release.