T. Rowe Adds Financial Engines Program to Offering

The addition means T. Rowe Price now offers Financial Engines’ full suite of advisory services, and plan sponsors of retirement plans now have more choice in the tools they can provide for participants, according to the announcement.   Personal Asset Manager is designed for participants who wish to delegate investment management to a professional.

The program considers each participant’s financial circumstances and generates a personalized, diversified portfolio using the investment options available in the plan, T. Rowe said. The program includes portfolio monitoring and management, quarterly Progress Reports and phone access to investment advisors.   The program starts by providing each participant with a personalized retirement assessment that shows each participant where they stand in relation to their retirement goals and how they can improve their financial outlook.   Plan and participant data is integrated to provide advisory services personalized for each employee. 

“As a service provider, it is very important that we make top quality advice available to plan participants so they can make better retirement investing decisions,” said Charles Vieth, president of T. Rowe Price Retirement Plan Services, Inc., in the announcement.

Financial Engines is an investment advisor providing personalized investment advice and portfolio management to 401(k) participants.