Training & Apprenticeships. Retirement will open up approximately 600,000 jobs…
People and Jobs Matter in Improving Retirement Plan Design
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Your firm and your plan participants may benefit from considering your industry, location and participant wealth factors — like job type, regional home values and other aspects of total wealth — when developing your retirement plan programs. Join subject-matter experts from the Morningstar Investment Management group as they share their new research and provide practical ways to help improve retirement plan design. The study suggests plan sponsors interested in building custom target-date solutions should consider industry-specific human capital, region-specific housing and other types of risks unique to their participants. You will hear how you can apply their research to your plan. Register now to join the discussion and learn: How industry-specific human capital can help you make asset allocation decisions. Why target-date models should be customized by region. How customization could help generate better long-term results for plan participants.
Transcript of People and Jobs Matter in Improving Retirement Plan Design
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The presentation will begin at the top of the hour.
A dial in number will not be provided.
Listen to today’s webinar using your computer’s speakers or headphones.
Why Human Capital Matters to Retirement Plan Participants
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Speakers: David Blanchett Head of Retirement Research Morningstar Jeremy Stempien Director of Investments Morningstar Nathan Voris Large Market Practice Leader Morningstar
Why Human Capital Matters to Retirement Plan Participants
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Kate Everson Associate Editor Workforce magazine
Why Human Capital Matters to Retirement Plan Participants
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David Blanchett Head of Retirement Research Morningstar Jeremy Stempien Director of Investments Morningstar Nathan Voris Large Market Practice Leader Morningstar
Why Human Capital Matters to Retirement Plan Participants
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©2014 Morningstar, Inc. All rights reserved. The Morningstar Investment Management group of Morningstar, Inc. includes Morningstar Associates, LLC, Ibbotson Associates, Inc., and Morningstar Investment Services, Inc., all registered investment advisors and wholly owned subsidiaries of Morningstar, Inc. The Morningstar name and logo are registered marks of Morningstar, Inc.
Why Human Capital Matters to Retirement Plan Participants David Blanchett, Jeremy Stempien, and Nathan Voris Morningstar Investment Management
November 2014 For Financial Professional and Plan Sponsor Use only
Why Human Capital Matters to Retirement Plan Participants
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Presenters, Morningstar Investment Management
David M. Blanchett, CFA, CFP Head of Retirement Research
Jeremy Stempien Director of Investments
Nathan Voris Large Market Practice Leader
No Portfolio is An Island
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The “Island” View of Asset Allocation
No Portfolio is An Island
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A Total Wealth Perspective
Financial Capital Human Capital Housing Wealth Pension Wealth
Total Economic Wealth
No Portfolio Is An Island
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Wealth over the Lifecycle: A Continent, Not An Island
100
90 80 70 60 50 40 30 20 10 0 25 35 45 55 65 75 85 95
Rel
ativ
e W
eigh
t (%
)
Age
Housing Wealth
Financial Capital
Pension Wealth
Human Capital
For illustration only.
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Audience Poll Are you currently offering custom target-date models to your participants? YES NO PLANNING TO
In this hypothetical scenario, we discuss how the industry in which a participant works can affect their portfolio
Why Human Capital Matters: Scenario One
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▶ Maria is employed in financial services
▶ Financial services industry highly correlated to asset classes such as large-cap value
▶ What are the risks?
▶ What options can her employer offer her?
Maria is a Stock Broker
Why Human Capital Matters: Scenario One
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Maria is a Stock Broker
See disclosure slide for important information
In this hypothetical scenario, we discuss how a participant’s home location (region) relates to retirement planning
Why Human Capital Matters: Scenario Two
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▶ Roger works in health care
▶ Roger owns a home in Las Vegas
▶ What are the risks to these assets?
▶ What options can her employer offer him?
Roger is a Radiologist
Why Human Capital Matters: Scenario Two
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Roger is a Radiologist
See disclosure slide for important information
In this hypothetical scenario, we discuss how both the industry and region in which a participant works can affect their portfolio
Why Human Capital Matters: Scenario Three
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▶ Joe works in the oil industry
▶ Joe owns a home in Houston
▶ What are the risks?
▶ What options can his employer offer him?
Joe is a Field Engineer
Why Human Capital Matters: Scenario Three
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Joe is a Field Engineer
See disclosure slide for important information
Why Human Capital Matters
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A Data-Driven Approach to Retirement Plans
Why Human Capital Matters
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Q&A
The purpose in presenting the hypothetical situations for Maria, Roger, and Joe shown in this presentation is to provide an example of the human capital methodology and are for illustrative purposes only. In no way should the strategies or recommendations made in those hypothetical situations be considered indicative of recommendations for an actual client. Actual results for an individual client may differ substantially from that shown. There can be no assurance that any financial strategy will be successful. Before making any investment decision, customers should read and consider all relevant investment products offering documents and information. Customers should also seriously consider if the investment is suitable for them by referencing their own financial position, investment objectives, and risk profile before making any investment decision. The information, data, analyses, and opinions presented herein do not constitute investment advice; are provided as of the date written and solely for informational purposes. Therefore, this content is not an offer to buy or sell a security and is not warranted to be correct, complete or accurate.
Learn More at http://global.morningstar.com/targetdate
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