Boston-based money management firm MFS Investment Management (MFS) recently introduced Advanced(k), a program for retirement platform wholesalers and retirement advisors dedicated to the defined contribution (DC) space. "The 401(k) space is becoming more narrow and focused, and advisors in this space have become a specialty group," says Matt Gannon, senior VP and head of MFS's defined contribution investments (DCI) practice. "As such, they need focused resources, so we have come out with practice management tools to help them better serve their client base."
The Advanced(k) program will be delivered by the MFS Investment Specialist Group, a dedicated team which supports platform wholesalers and retirement advisors across the country who are dedicated to the DC business. It features timely retirement plan market data, trend analysis, and other resources that enable advisors to objectively compare fees and services utilizing an in-depth fee database and worksheets. It also helps advisors develop and implement relationship plans with sponsors using specific templates and manage and enhance client relationships with program elements focused on conducting plan assessments, maximizing retention, and goal planning.
