AdvisoryWorld, a Van Nuys, Calif., financial technology company, said participation in the online 401(k) system, which is slated for first-quarter release, lets financial professionals enter available investment and asset allocation options while giving the plan participant flexibility in selecting the solutions best suited to his or her needs.
User selections include model portfolios constructed by professionals as well as theoretically optimal solutions intended to achieve financial goals while not exceeding downside risk parameters, and Monte Carlo simulation to show the probability of achieving financial objectives.
Zacks, a Chicago money manager and provider of security information and research to the investment community, is to allocate and design portfolios for participants; AdvisoryWorld is to supply the application platform and analytical tools.
