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Pontera Collaborates with Manulife John Hancock

In a significant move to enhance retirement solutions for Americans, Pontera, a leading fintech company, has announced its collaboration with Manulife John Hancock Retirement. This partnership aims to improve the management of defined contribution accounts such as 401(k)s through personalized financial advisory services.

Pontera specializes in enabling retirement savers to obtain professional management of their workplace retirement accounts, a service that becomes more accessible through this strategic collaboration.

Shared Mission for Better Retirement Outcomes

the collaboration emerged from a common vision shared by both companies: to empower U.S. retirement savers with greater flexibility and choice over managing their financial futures. This initiative enables participants to work with advisers of their preference while ensuring a secure and compliant approach to managing held-away accounts.

Dave Goldman, Pontera's Chief Business Officer, pointed out that many Americans rely heavily on their workplace retirement accounts as their primary savings medium. However, financial advisors have historically faced challenges in efficiently managing these assets. The partnership seeks to revolutionize this landscape, delivering substantial benefits to advisors, participants, and plan sponsors alike.

Benefits for Advisors

For financial advisors, the collaboration offers tools designed to securely manage clients' retirement accounts. It allows advisors to cultivate deeper relationships with their clients and enhance portfolio alignment, providing a more comprehensive and cohesive investment strategy. Advisors will leverage this collaboration to offer tailored strategies that address individual participant needs effectively.

Advantages for Participants

Retirement savers will experience increased accessibility to professional financial advice for their defined contribution accounts, boosting their confidence in investing and their overall retirement preparation. By providing participants with sound guidance, the collaboration aims to facilitate better-informed decisions regarding their financial futures. This is particularly crucial given the complexity of retirement offerings and the volatility of today's financial markets.

Wayne Park, CEO of Manulife John Hancock Retirement, reaffirms this commitment, stating, "Improving retirement outcomes for Americans is at the heart of what we do. We are enhancing choice, guidance, and advice for plan participants as we evolve our solutions to meet their needs better."

Enhancing Plan Sponsor Value

Moreover, plan sponsors stand to gain from this collaboration, as it adds significant value to their retirement offerings. By supporting personalized advice, plan sponsors can help participants navigate their investment options effectively. This holistic management approach fosters an environment where participants feel empowered and supported in their financial endeavors.

About Pontera and Manulife John Hancock

Pontera is recognized for its innovative approach to helping retirement savers, enabling financial advisors to oversee and optimize clients' workplace retirement assets efficiently. Established in 2012, the company is dedicated to improving financial outcomes for its users by streamlining management and advisory services.

On the other hand, Manulife John Hancock brings over five decades of experience in helping individuals prepare for retirement. As one of the largest full-service providers in the U.S., it emphasizes a consultative approach tailored to the unique needs of each plan and participant. Together, these companies aim to provide a new standard of personalized service in the retirement planning sector.

Through this collaboration, both firms are not only strengthening their positions in the financial landscape but also setting a precedent for future partnerships aimed at enhancing retirement savings and investment strategies for all Americans. By integrating their services and technologies, Pontera and Manulife John Hancock are setting a new course toward more secure and informed retirement planning.