Mesirow Financial Launches Participant Managed Account Program

CHICAGO, October 9, 2019 – Mesirow Financial today announced the launch of Mesirow Financial Precision Retirement®, a participant managed account program that is designed to enhance financial wellness and offer professional portfolio management for retirement assets. Mesirow Financial Precision Retirement combines retirement planning advice and reporting, proactive dynamic messaging to achieve targeted outcomes, and Mesirow Financial’s custom portfolio construction expertise to help participants become better prepared to meet their retirement goals.

“As a leader in custom portfolio and fiduciary services, Mesirow Financial continues to develop solutions to meet the evolving needs of retirement plan stakeholders. We built this cutting-edge managed account program with Financial Soundings to deliver a highly personalized solution that proactively engages participants and constructs portfolios to address participants’ specific set of circumstances,” said Michael Annin, Head of Investment Strategies at Mesirow Financial.

Mesirow Financial partnered with fintech provider Financial Soundings to leverage its proven Retirement Planning InsightsTM program and expand upon the offering to include participant managed account functionality. Financial Soundings has a long and established track record of increasing the utilization of employee retirement benefits and improving retirement readiness scoring, which remains a unique attribute in the market.

Steve Maschino CEO & President of Financial Soundings said, “The opportunity to proactively touch each employee with personalized retirement readiness is the essential differentiator of our solution, and we’re pleased that this unique technology will power Mesirow Financial Precision Retirement.”

Mesirow Financial Precision Retirement also provides plan providers with a richer offering to plan sponsors. Through this program, plan sponsors are able to offer online advice based on a participant’s unique situation, the ability to model what-if scenarios, and on-demand reporting.

About Mesirow Financial

Mesirow Financial is an independent, employee owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping individual, corporate and institutional clients achieve their objectives. Mesirow Financial Investment Strategies is a division of Mesirow Financial Investment Management, Inc. in a SEC-registered Investment Advisor.

Since 2006, Mesirow Financial Investment Strategies has provided outsourced plan-level ERISA 3(21) and 3(38) fiduciary services, custom portfolio and asset allocation programs, participant managed accounts and fiduciary automation solutions through defined contribution providers, insurance companies, broker-dealers and registered investment advisors. As a pioneer of outsourced fiduciary services, Investment Strategies has experience developing complex fiduciary partnership programs customized for each of our provider partners and delivered to plan sponsors and advisors through a simple, flexible program. Mesirow Financial is not affiliated with Financial Soundings or its affiliates.   

About Financial Soundings

Founded in 2007, Financial Soundings is an SEC-registered investment advisory that created a state-of-the-art Retirement Readiness and Employee Communication platform. Seamlessly integrating with dozens of leading record keepers and hundreds of retirement plan advisors nationally as a third-party independent provider, the Financial Soundings’ solution effectively bridges the gap between employees and the successful utilization of their retirement benefit while presenting plan health analytics to plan sponsors.