Lincoln Financial Group Creates New Flexible Investment Solution for Small Business Retirement Plans
June 04 2020 - 10:30AM
Business Wire
Multi-Manager Leverages Extensive Investment
Expertise to Provide Value for Participants
Lincoln Financial Group (NYSE: LNC) is making it easier for
small business owners and the financial professionals who support
them to meet participants’ needs by offering a new Multi-Manager
solution built on Lincoln Variable Investment Product (LVIP) funds
within the Lincoln DirectorSM program.
“We’re proud to build on our legacy of creating flexibility and
choice for financial professionals and their plan sponsors,” said
Ralph Ferraro, senior vice president, Retirement Plan Products
& Solutions, Lincoln Financial Group. “And by leveraging our
internal investment management expertise, we were able to develop
this innovative solution that taps into the experience and
knowledge of top asset managers from across the industry.”
Lincoln Director Multi-Manager gives plan sponsors access to
more than 80 LVIP funds, with Lincoln Investment Advisors Corp.
(LIAC) serving as the investment advisor. LIAC provides unbiased,
third-party oversight over the selection of fund managers from a
stable of experienced, industry-leading sub-advisory firms to
provide day-to-day portfolio construction. Financial professionals
and their clients can construct their investment lineup from the
LVIP fund list, or they can choose to receive 3(38) fiduciary
support from Morningstar Investment Management LLC to develop,
monitor and update the portfolios on an ongoing basis. In addition,
financial professionals have access to Lincoln Financial’s Client
Investment Support team.
The Lincoln Director Multi-Manager funds also offer YourPath®
Multi-Manager collective investment trust (CIT) portfolios. By
offering multiple glide path options that take risk tolerance into
consideration, YourPath CIT portfolios provide a more personalized
target-date investment for retirement plan participants. The
selection of these portfolios allows plan sponsors to offer
participants conservative, moderate and growth glide paths
developed by Morningstar Investment Management. Plus, they may be
used as a plan’s Qualified Default Investment Alternative
(QDIA).
“With Director Multi-Manager and YourPath Multi-Manager, plan
sponsors and financial professionals can create a customized
program that builds on the personalized support we’re known for,”
said Joe Mrozek, vice president, national sales manager for the
Intermediary Retirement Plan Services division of Lincoln Financial
Distributors. “These competitively priced solutions offer the
flexibility to tailor lineups to an organization’s culture,
investment philosophy and participant population.”
To learn more about this new solution, click here.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help
empower people to take charge of their financial lives with
confidence and optimism. Today, more than 17 million customers
trust our retirement, insurance and wealth protection expertise to
help address their lifestyle, savings and income goals, as well as
to guard against long-term care expenses. Headquartered in Radnor,
Pennsylvania, Lincoln Financial Group is the marketing name for
Lincoln National Corporation (NYSE:LNC) and its affiliates. The
company had $247 billion in end-of-period account values as of
March 31, 2020. Lincoln Financial Group is a committed corporate
citizen included on major sustainability indices including the Dow
Jones Sustainability Index North America and FTSE4Good. Dedicated
to diversity and inclusion, Lincoln earned perfect 100 percent
scores on the Corporate Equality Index and the Disability Equality
Index. Lincoln has also been recognized in Newsweek’s Most
Responsible Companies and is among Forbes’ World’s Best Employers,
Best Large Employers, Best Employers for Diversity, Best Employers
for Women and ranked on the JUST 100 list. Learn more at:
www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn,
and Instagram. Sign up for email alerts at
http://newsroom.lfg.com.
LCN-3107304-053120
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version on businesswire.com: https://www.businesswire.com/news/home/20200604005217/en/
Media: Lucy MacNichol (484)
655-4410 Lucy.MacNichol@lfg.com
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