TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Sept. 17, 2019 /PRNewswire/ - John Hancock
Retirement ("John Hancock") announced today it has signed an
agreement with Morningstar Investment Management LLC to offer
Morningstar's advisor managed account services to registered
investment adviser (RIA) firms and their advisors for their
retirement plan clients. Piloting in Q1 2020, John Hancock expects to roll out the offering
more broadly during 2020.
With the Morningstar advisor managed account services,
retirement plan participants receive personalized advice based on
model portfolios aligned with the RIA firm's investment expertise
and philosophies. This goals-based program considers, among many
factors, each participant's age, salary, account balance,
contribution rate, gender, risk capacity, as well as tax and plan
rules to help them achieve their personal retirement goals. The
advisor managed account program can also help RIA firms generate
new business opportunities, while enabling advisors to offer
scalable, personalized advice.
"This agreement represents another step in the evolution of our
advice offering," said Patrick
Murphy, CEO, John Hancock Retirement. "We're building on a
15-year relationship with Morningstar, which started with our
single proprietary managed account product. Our new offering
leverages the advisor community's expertise and ultimately enables
us to help a greater number of participants reach their retirement
goals."
The advisor managed account services leverage the technology,
user interface, and asset allocation methodology behind
Morningstar's existing managed accounts services. As of
June 30, 2019, Morningstar's managed
accounts and advice services were used by nearly 250,000 plans,
more than 1.5 million participants and has $66.7 billion in assets under advisement and
management. At the heart of these services, is Morningstar
Investment Management's patented process that determines each
participant's investment portfolio assignment based on their risk
capacity and other factors.
"We built out our managed accounts offering with the mission to
help more workers in America achieve a better retirement outcome,"
said Brock Johnson, president of
retirement and workplace solutions at Morningstar Investment
Management. "We are thrilled to be working with John Hancock to help drive this mission as well
as to ensure that advisors have a solution they can stand behind
and will be able to use with some of the industry's leading
recordkeepers."
Mr. Murphy further explained that the advisor managed account
services work well with John
Hancock's consultative and personalized approach to
retirement plans. "We work closely with advisors and plan sponsors
to understand individual needs and circumstances. This solution
offers us the ability to provide a personally relevant investment
experience for participants."
About Morningstar's Investment Management
group
Morningstar's Investment Management group is a leading provider of
discretionary investment management and advisory services. Guided
by seven investment principles, the group is committed to focusing
on its mission to design portfolios that help investors reach their
financial goals. The group's global investment management team
works as one to apply its disciplined investment process to all
strategies and portfolios, bringing together core capabilities in
asset allocation, investment selection, and portfolio construction.
This robust process integrates proprietary research and leading
investment techniques. As of June 30, 2019, Morningstar's
Investment Management group was responsible
for about $220 billion* in assets under advisement
and management across North
America, EMEA, and Asia-Pacific.
In addition to advisory services, the group's investment
professionals build and manage model portfolios for financial
advisors in the United States,
United Kingdom,
Australia, South Africa and India to create
strategies that incorporate a wide variety of investment
objectives.
*
|
Includes assets under
management and advisement for Morningstar Investment Management
LLC, Morningstar Investment Services LLC, Morningstar Investment
Management Europe Ltd., Morningstar Investment Management Australia
Ltd., Ibbotson Associates Japan, Inc., Morningstar Investment
Management South Africa (PTY) LTD, and Morningstar Associates, Inc.
all of which are subsidiaries of Morningstar, Inc. Advisory
services listed are provided by one or more of these entities,
which are authorized in the appropriate jurisdiction to provide
such services.
|
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment
research in North America,
Europe, Australia, and Asia. The company offers an extensive line of
products and services for individual investors, financial advisors,
asset managers, retirement plan providers and sponsors, and
institutional investors the private capital markets. Morningstar
provides data and research insights on a wide range of investment
offerings, including managed investment products, publicly listed
companies, private capital markets, and real-time global market
data. Morningstar also offers investment management services
through its investment advisory subsidiaries,
with about $220 billion in assets under advisement
and management as of June 30, 2019. The company has operations
in 27 countries. For more information,
visit www.morningstar.com/company. Follow Morningstar on
Twitter @MorningstarInc.
About John Hancock Retirement
As of June 30, 2019, John
Hancock serviced over 60,000 plans with over 2.8 million
participants and over $170 billion in
AUMA*
*
|
As of June 30, 2019,
John Hancock Life Insurance Company (USA) supported 46,547plans,
1,605,076 participants, and $88,464,393,180 in AUMA. John Hancock
Life Insurance Company of New York supported 2,527 plans, 75,000
participants, and $5,165,273,862 in AUMA. John Hancock Retirement
Plan Services, LLC supported 11,058 plans, 1,207,998 participants,
and $77,201,601,108 in AUMA. Participant Counts reflect all active
participants with a balance. Approximate unaudited figures for John
Hancock, provided on a U.S. statutory basis.
|
About Manulife
Manulife Financial Corporation is a leading international financial
services group that helps people make their decisions easier and
lives better. We operate primarily as John
Hancock in the United
States and Manulife elsewhere. We provide financial advice,
insurance, as well as wealth and asset management solutions for
individuals, groups and institutions. Manulife employs
more than 34,000 employees serving almost 28 million customers
worldwide. As of June 30, 2019, we
had over $1.1 trillion (US$877 billion) in assets under management and
administration, and in the previous 12 months we made $29.4 billion in payments to our customers. Our
principal operations are in Asia,
Canada and the United States where we have served
customers for more than 100 years. With our global headquarters in
Toronto, Canada, we trade as 'MFC'
on the Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong.
About John Hancock and
Manulife
John Hancock is a unit of
Manulife Financial Corporation, a leading international
financial services group that helps people make their decisions
easier and lives better. We operate primarily as John Hancock in the
United States and Manulife elsewhere. We provide financial
advice, insurance and wealth and asset management solutions for
individuals, groups and institutions. Assets under management
and administration by Manulife and its subsidiaries were over CAD
$1.1 trillion (US$877 billion) as of June
30, 2019. Manulife Financial Corporation trades as MFC on
the TSX, NYSE, and PSE, and under 945 on the SEHK. Additional
information about Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans and college savings
plans. Additional information about John
Hancock may be found at johnhancock.com.
John Hancock Retirement Plan Services, Boston, MA 02116.
NOT FDIC INSURED. MAY LOSE VALUE. NOT BANK GUARANTEED.
© 2019 All rights reserved.
MS091319499527
MS-P 40515-GE 09/19-40515
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SOURCE John Hancock Retirement