US Bank Offers Mstar Retirement Manager
A news release said the service
includes professional investment management and
continual oversight for people who do not have the
time, experience, expertise or desire to
manage their retirement account portfolios.
According to the bank, with the
managed accounts service of Morningstar Retirement
Manager, Morningstar
Associates creates a personalized investment
portfolio that fits each participant’s
financial situation, evaluates the portfolio
quarterly, manages the deferral percentage and
investment allocation, and
rebalances the portfolio as needed to help make
sure that the appropriate investment options are
selected and progress is being made toward meeting the
participant’s retirement goals.
Because Morningstar Associates acts
as an investment manager, Morningstar
takes on fiduciary responsibility for the advice it
provides.