Voya offers investment advisory services through Morningstar Investment Management LLC an unaffiliated, independent investment advisor, and a wholly owned subsidiary of Morningstar®, Inc. The Morningstar Retirement Manager platform offers both online advice and tools (Managed by You) and Morningstar’s managed account services (Managed by Morningstar).
Managed by You – Provides objective online investment advice at no charge from the investment options available under the City’s Plan. There is no charge to the City’s participants for this service. Features include:
- Research and reports about the plans’ investment options.
- Tools to help participants set retirement goals and strategy recommended asset mix.
- Specific, independent, objective and professional investment advice to help participants create a diversified portfolio.
- Personalized investment option recommendations that factor in a participant’s unique financial situation and savings objectives.
Managed by Morningstar – A fee-based managed account program available to participants who would prefer to have Morningstar actively manage their account. Participants who enroll in this service receive a personalized retirement strategy, discretionary asset management, and ongoing oversight to help them meet their retirement goals. This service is ideal for employees who lack the time or desire to actively manage their retirement account. Participants who select this service would be charged an annual fee of 0.50 % (0.25% to Voya, 0.25% to Morningstar Investment Management LLC) would in turn assume responsibility for monitoring participants’ accounts on a quarterly basis and execute appropriate transactions on the participants’ behalf.
IMPORTANT: The projections or other information generated by Morningstar regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
Morningstar Retirement Manager is offered by and is the property of Morningstar Investment Management LLC (“Morningstar Investment Management ”), a registered investment advisor and a wholly owned subsidiary of Morningstar, Inc., and is intended for citizens and legal residents of the United States and its territories. Morningstar Investment Management’s advisory service relates solely to the investment options offered under the plan. Retirement plan funding products offered through Voya Financial Partners, LLC (member SIPC) or other broker dealers with which it has selling agreements. Voya™ provides Morningstar Investment Management with the plan’s investment options and information about participants but the decisions regarding the advice provided are made by Morningstar Investment Management. Voya and its companies are not affiliated with Morningstar Investment Management or its affiliates, and receive no fee or other direct financial benefits from Morningstar Investment Management in connection with the use of its services. The Morningstar name and logo are registered marks of Morningstar, Inc.
For additional information on the Morningstar Retirement Manager, please review the City’s Morningstar Retirement Manager one-page description and contact one of our local Voya Representatives.
Insurance products, annuities and retirement plan funding issued by (third party administrative services may also be provided by) Voya Retirement Insurance and Annuity Company, One Orange Way, Windsor, CT 06095-4774. Securities are distributed by Voya Financial Partners, LLC (member SIPC). All companies are members of the Voya® family of companies. Securities may also be distributed through other broker-dealers with which Voya has selling agreements. Insurance obligations are the responsibility of each individual company. Product and services may not be available in all states.