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 Fiduciary Solutions 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 

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices in 21 cities, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our workplace culture. For more, visit mesirow.com.

Mesirow Fiduciary Solutions is a division of Mesirow Financial Investment Management, Inc. in a SEC-registered Investment Advisor.

Since 2006, Mesirow Fiduciary Solutions 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 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.