Invesco Distributors, the US distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds, has launched an iPad app for advisors who work with defined contribution retirement plans.
The firm is touting the app as “the first of its kind in the industry” offering retirement plan benchmarking data and analysis with more than 42,000 data points such as "Auto" features and target-date funds.
"Invesco now provides two distinct benchmarking tools for advisors working closely with 401(k)s and other DC plans," according to Terry Kelly, director of Retirement Sales.
"First, we have the online tool, which creates a formal, customized benchmarking report that's ideal for annual plan reviews or for meetings with prospects. And now, with the new app for iPad, we also offer advisors the ability to pull up comparative data quickly, giving them access to all responses to the survey, not just those that match a particular plan — all at the touch of a finger. We believe this app is a real game-changer for advisors."