ProNvest seeks to restore pension fund discipline to the defined contribution, retirement funding process by providing participants with actuarially sound and financially prudent retirement planning. We accomplish this with a unique and robust solution that provides consistent, unbiased education and participant specific advice. Furthermore, our Participant Service Organization is designed to recognize the reality that participant’s skills can vary widely across each organization. To address this important concern we deploy multiple strategies to deliver our message and the option for participants to reach out at any point in the planning process to work directly with one of our Retirement Counselors, via the phone or internet chat.

The ProNvest solution creates an environment where participants can succeed on their own or exercise the option to hire ProNvest as a discretionary manager. The option to hire a professional money manager is particularly important when sponsors consider that there will always be a segment of their workforce that is unwilling or unable to execute a prudent plan. Even among the most able and most willing, some may fail to maintain the discipline needed to fund retirement and desire to hire a manager to foster the process.

Behind the ProNvest Planner, our straightforward participant interface, and our Participant Service Organization is a vigorous planning application that analyzes participant’s data and the attributes of the provider’s funds to model a reasonable solution. After completing the short three pages of information, a participant’s input and the application’s assumptions are modeled using comprehensive analytics that are designed to capture the vagaries of the market and the challenges of funding a dynamic event such as retirement. The resulting plan of action details an asset allocation strategy which provides the highest probability of achieving target wealth when simulated over varied economic scenarios.

Counselors and the Planner seek to help participants execute the basics that historically have funded retirement wealth. This is particularly important when a plan reveals that a participant is underfunding their retirement. In these cases participants are “coached ” to focus on variables that determine success or failure:

• Save More
• Spend Less (now or in retirement)
• Invest Better (allocate to assets that historically provided the needed growth), or
• Work Longer.

Our revenue model is predicated on the notion that some participants will clearly value the option to hire a discretionary manager and do so immediately, while others will want to validate their investment assumptions and are willing to dig deeper themselves. Obviously there will always be some participants who self direct their accounts, perhaps using our free resources. However, if research in Behavioral Finance accurately reflects participant behavior, execution will always be a hurdle for most participants. No amount of advice, free or otherwise, will change this.

ProNvest offers a cost effective solution to help plan participants make better decisions regarding the funding of their family’s retirement. ProNvest delivers the message through channels that best respect differences in education and investment experience among participants.