Wachovia Adopts Morningstar Advice Service

March 26, 2003 at 07:00 PM
Share & Print

NU Online News Service, March 26, 2003, 3:29 p.m. EST – Wachovia Corp., Charlotte, N.C., has agreed to use a new retirement portfolio advice service from Morningstar Associates L.L.C., Chicago.

Employees of employers that adopt Wachovia's new AdviceTrack service will get specific investment advice from Morningstar Associates. Employees and Wachovia will be responsible for acting on Morningstar's advice.

Wachovia is billing the program as a way for employers to "boost plan contributions without increasing sponsor fiduciary responsibility."

Morningstar Associates is a unit of Morningstar Inc., Chicago.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Related Stories

Resource Center