Russell Investments Expands Distribution of Adaptive Retirement Accounts
OneAmerica to make customized managed accounts available to DC plan sponsors.
SEATTLE and INDIANAPOLIS, July 18, 2018 — Global asset manager Russell Investments announced an agreement today with retirement plan recordkeeper OneAmerica® to distribute Russell Investments’ Adaptive Retirement Accounts (ARA) on behalf of defined contribution plan clients. The managed account option will be available to OneAmerica’s open architecture trust business, which includes U.S. corporations, nonprofit organizations and public-sector entities.
“This alliance with Russell Investments to bring ARA to the OneAmerica platform means a customized solution for individual retirement plan participants and more options for retirement plan sponsors,” said Terry Burns, assistant vice president of Products and Investments for OneAmerica Retirement Services. “It’s a new option to help participants optimize their pursuit of retirement income.”
“ARA may be desirable for participants who could benefit from a more customized investment strategy designed to increase the likelihood of achieving their targeted replacement income in retirement,” said Andrew Scherer, senior director, defined contribution, Russell Investments. “ARA can be seen as the next generation of default solutions because it not only takes into account factors unique to an individual, but it also has the ability, through our online tool, to take into consideration retirement accounts and assets that are outside of the employer’s retirement plan. At the end of the day, many participants want cost-effective guidance on how to achieve their retirement goals ― and we seek to deliver this through ARA.”
The ARA option is scheduled to be available in the fourth quarter 2018 to new clients and existing clients.
About Russell Investments
With more than 80 years of experience, Russell Investments is a global investment manager, dedicated to helping investors reach their long-term goals. Russell Investments offers investment solutions in 31 countries, manages $298 billion in assets (as of March 31, 2018) and provides consulting services on $2.3 trillion in assets (as of Dec. 31, 2017). Russell Investments specializes in multi-asset solutions, scouring the globe to deliver the best investment strategies, managers and asset classes to its clients around the world.
Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world’s major financial centers such as New York, London, Tokyo and Shanghai. For more information about how Russell Investments helps to improve financial security for people, visit russellinvestments.com or follow @Russell_Invest.
A national leader in the insurance and financial services marketplace for more than 140 years, the companies of OneAmerica help customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products. Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources who are committed to providing value to our customers. To learn more about our products, services and the companies of OneAmerica, visit OneAmerica.com/companies.