Techstaffer recently released a list of the top 5 retirement investment firms in the United States, in 2021. The firms chosen specifically focus on retirement planning for Fortune 500 companies. These firms assist employees in transitioning into retirement from companies such as AT&T, ExxonMobil, Chevron, and Kaiser Permanente. The list takes into account key services the investment firms offer, the quality of their customer service, and the complimentary educational materials that these firms provide to their clients.
This ranking will assist those who work or worked for a major corporation, age bracket of 50 to 70, and have more than $500,000 in investable assets. With 71% of investors claiming they believe a rise in inflation will negatively affect their pension plans, 401(k) plans, and healthcare costs, the Techstaffer ranking is more timely than ever.
Techstaffer determined that these firms went above and beyond in their knowledge of their client’s pension and 401(k) plans (Ex. AT&T, Chevron, and ExxonMobil), the impact of interest rates on their client’s pension lump sum amounts, and their client’s healthcare benefits.
Tyson Mavar, a retirement-focused advisor for The Retirement Group, believes it is incredibly important for an advisor to be knowledgeable about a client’s company benefits,“Every time I take on a client from a new company I read the summary plan description for that company. The benefit plans for companies like AT&T and ExxonMobil are incredibly tedious, but it is so important that a financial advisor knows them inside and out, because a small mistake can cost a client a substantial amount of money. That’s why our team reads through thousands of pages of documents to provide our clients with accurate and up-to-date information about their benefits.”
Techstaffer’s list of retirement investing firms by rank are as follows:
1. The Retirement Group, LLC.
2. Lynch Retirement Investment Group, LLC.
3. Edelman Financial Engines
4. Fisher Investments
5. Keystone Capital
Techstaffer’s list of the top 5 retirement investment firms was based on four core qualities:
The extent to which these firms specialize in corporate retirement plans was given the highest weighting in determining the rankings. Firms that were ranked on Techstaffer’s list specialize in working with corporate retirees and having specific knowledge of corporate pensions, 401(k)s, and health care plans that address transition decisions that best fit the client’s needs. The more they specialize the higher they were ranked. For example, The Retirement Group was ranked number one on the list in large part because of their extensive knowledge of specific AT&T, Chevron, ExxonMobil, and Kaiser Permanente benefit plans.
2. Complimentary Services
The firms on the list offered a large number of free services, such as webinars, retirement e-books, and free retirement consultations for potential clients. These resources help corporate retirees determine the best retirement strategy for them.
3. Cash Flow Analysis
Offering a free cash flow analysis to determine how much money employees need after they retire was a significant factor in being ranked in the top 5. A cash flow analysis needs to incorporate pension, 401(k), and future healthcare costs to be considered comprehensive. It is well known that retirees investing money can not make investment allocations unless they run a cash flow analysis to determine how much money they need. Techstaffer has found that firms which invest money before understanding a client’s cash flow needs are not doing a proper service for their clients. The firms present on the list had to offer a complimentary cash flow analysis service that can assist in the retirement decision-making process.
4. Years In Business
The firms had to be in the business of working with corporate retirees (For example, servicing retirees from AT&T, ExxonMobil, Chevron, or Kaiser Permanente) for at least 10 years to be ranked on Techstaffer’s top 5.
Techstaffer’s list is intended to help promote the best retirement investment firms that can assist employees and retirees in their retirement planning decisions.
• Konish, Lorie.“71% of Retirement Age Investors Worry Inflation Will Hurt Their Savings.” CNBC, CNBC, 14 Oct. 2021, The Retirement Group – Office of Supervisory Jurisdiction.“The Retirement Group || Partners in Retirement.” The Retirement Group || Partners in Retirement, Accessed 13 Nov. 2021.
•“John M. Lynch, CIMA®.” John M. Lynch, CIMA®, Accessed 13 Nov. 2021.
•“Edelman Financial Engines | Investment & Wealth Management.” Edelman Financial Engines, Accessed 13 Nov. 2021.
•“Fisher Investments | Official Company Website.” Fisher Investments | Official Company Website, Accessed 13 Nov. 2021.
• Keystone Capital
Disclaimer: Techstaffer is not affiliated with any NetBenefits accounts. Techstaffer is not affiliated with AT&T, ExxonMobil, Chevron or Kaiser Permanente. Techstaffers’ list may include firms which have a relationship with the website.
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