This is the first of many technology investments for Ascensus as it broadens its fiduciary capabilities to help advisors and plan sponsors better manage risk. The enhancement offers an opportunity for Ascensus to expand relationships by supporting unique investment management approaches with partners that complement Ascensus’ business model, philosophy, and values. One such partner is Russell Investments, which will be launching PRAs with Ascensus in August. PRAs are leading-edge personalized and automated advice solutions for participants that can also function as a plan’s qualified default investment alternative. These personalized investment portfolios are tailored to the specific needs of the account holder and are increasingly desired by retirement plan advisors and sponsors who are looking to provide an added layer of guidance for participants.

https://www2.ascensus.com/news/news-releases/2019/08/20/ascensus-selects-nextcapital-to-develop-more-personalized-investment-options-to-better-address-client-needs-and-improve-retirement-outcomes/