ADP and GuidedChoice Partner to Make Available Investment Advice to Retirement Plan Participants
18 Fevereiro 2009 - 10:31AM
Marketwired
ADP ďż˝ Employer Services, a leading provider of HR, payroll and
benefits administration services, and GuidedChoice ?, a leading
provider of investment advice and managed account services, today
announced a partnership to provide personalized advice to ADP
retirement plan recordkeeping clients and their participants.
The relationship will allow ADP to make available GuidedChoice's
innovative GuidedSavings (SM) service to more than 20,000 ADP
retirement plan recordkeeping clients and their participants
nationwide. The GuidedSavings service works with the investments
already available in each employer's plan, and delivers to each
plan participant investment advice based on asset allocation models
and proprietary analytics. This advice and guidance solution
actively manages participants' accounts according to their
personal, recommended investment strategy.
This affiliation offers numerous advantages to advisors, plan
sponsors and participants, including:
-- Partnership with Industry Leader - By signing up for the GuidedSavings
program, ADP plan sponsors enhance their retirement program and provide
employees with important investment advisory services offered by
GuidedChoice, an industry leader in 401(k) plan managed accounts;
-- Personal Support for Employees - Employees will have access to the
GuidedChoice Call Center -- a valuable resource offering participants
investment-related support. Participants also have access to an easy-to-use
Web site for program and investment information;
-- Additional Fiduciary Protection - Since GuidedChoice provides
investment advice to participants enrolled in the GuidedSavings program,
ADP plan sponsors benefit from fiduciary protection for those participants
using the service.
"Our relationship with GuidedChoice is indicative of ADP's
commitment to providing services that exceed our clients'
expectations," said Doug Politi, President of ADP Retirement
Services. "Through this partnership, ADP retirement plan clients
gain access to valuable investment-related support via the
GuidedChoice Call Center, in addition to the world-class
recordkeeping and retirement services for which ADP is known."
The GuidedSavings application imports basic information and plan
rules, which are critical for accurate portfolio recommendations.
This makes the GuidedSavings solution unique because when
participants "accept advice," the software will send investment
instructions directly to the recordkeeper or employer for
implementation.
"Making high-quality investment advice available to any
employee, anywhere has always been our mission as a company every
step of the way," said Sherrie Grabot, CEO, GuidedChoice. "Our
partnership with ADP represents a tremendous opportunity that is
well-aligned with our strategic goals."
About ADP
Automatic Data Processing, Inc. (NASDAQ: ADP), with nearly $9
billion in revenues and over 585,000 clients, is one of the world's
largest providers of business outsourcing solutions. Leveraging
nearly 60 years of experience, ADP offers the widest range of HR,
payroll, tax and benefits administration solutions from a single
source. ADP's easy-to-use solutions for employers provide superior
value to organizations of all types and sizes. ADP is also a
leading provider of integrated computing solutions to auto, truck,
motorcycle, marine and recreational vehicle dealers throughout the
world. For more information about ADP or to contact a local ADP
sales office, please call 800-225-5237 or visit the company's Web
site at www.ADP.com.
About GuidedChoice
GuidedChoice is an independent service firm providing investment
advice and managed account services to individual retirement plan
participants. Their patented business process is based on their
team's extensive, real-world experience with investors, retirement
plans and investment managers. GuidedChoice advice is based on
trusted industry standards of asset allocation, built into the
software analytics and delivered through sophisticated automation.
Their solution offers one-click implementation to participants and
simple, automated integration to plans and plan sponsors.
The GuidedChoice team includes leaders and innovators from the
financial services, human resources, and technology fields. The
team responsible for overseeing the development of the advisory
software and investment solutions is led by Harry Markowitz, Ph.D.,
the Nobel laureate who developed Modern Portfolio Theory. Dr.
Markowitz has over forty years of experience working with financial
theory, developing optimization software, and managing assets, and
is actively involved in the day-to-day refinement of the
GuidedChoice analytical software. GuidedChoice is headquartered in
La Jolla, CA, with sales and communications offices in San Jose,
CA. For more information, visit www.guidedchoice.com.
For more information, contact: Terry Corallo ADP (973) 974-7612
terrym_corallo@adp.com Zach Siegel Cohn & Wolfe for ADP (212)
537-8102 zach.siegel@cohnwolfe.com Donna Lehman GuidedChoice (770)
565-7275 dlehman@guidedchoice.com
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