Diversified Investment Advisors Earns Two 2011 DALBAR Seals of Excellence.
"For the sixth year, Diversified Investment Advisors has been recognized for its commitment to best practices in participant communications with a DALBAR Communication Seal," said Kathleen Whalen, managing director of DALBAR, Inc. "DALBAR has recognized firms such as Diversified that establish themselves as industry leaders in terms of participant communications by presenting investor account information in a clear and intuitive manner. Excellence in communications can help build relationships among plan sponsors and participants, and at the same time, demonstrate an organization's commitment to helping participants achieve fully funded retirements."
The Communication Seal recognizes Diversified's commitment to providing high-quality communications with relevant content to help participants access and understand their account information. This year, Diversified's total retirement statement took top honors, achieving the highest score among other statements evaluated. The defined contribution and total retirement statements were recognized for their intuitive design and layout and for providing concise, informative summaries and detailed pages that offer participants a long-term view of their retirement portfolio. In particular, Diversified's statements help participants understand, in both simple and detailed terms, where they stand vis-a-vis their retirement income goals and offer valuable insight into how they can adjust their asset allocation or contribution level to improve their outlook.
DALBAR found that Diversified's total retirement statement - OnTrack[R] - provides a personalized and comprehensive assessment of a participant's retirement readiness, taking into account such details as age, gender, salary, savings rate, investment strategy, outside assets, after-tax retirement income estimate, expected Social Security income and other pension benefits. In addition, the statement includes an income replacement ratio, a gap analysis, and information on how the projections are generated. It also features a comparison of the participant's current strategy to alternative savings and investing scenarios and actionable guidance about saving and investing.
"Market forces and increased regulation have further focused industry attention on the need for disclosure. It has long been Diversified's belief that participant statements should go beyond a basic accounting document to provide meaningful communications that can very positively influence the client relationship and provide true value in terms of helping participants attain their financial retirement goals," said Patricia Advaney, senior vice president, participant solutions of Diversified. "We are proud to have been honored again this year with these DALBAR Communication Seals."
Kitchen Public Relations
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|Publication:||PR.com (Press Releases)|
|Date:||Mar 5, 2011|
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