AIM Investments Works With Morningstar to Develop DC Plan Reports
HOUSTON, TX, February 11, 2008 -- AIM Investments announced today the launch of new customized reports to help qualifying financial advisors more effectively analyze, document and compare defined contribution plan investments.
The Plan Status Report and Plan Comparison Report are generated by the Morningstar Advisor WorkstationSM Enterprise Edition’s Defined Contribution Plan Tools. The Plan Status Report is an in-depth, holdings-level look at a single plan, while the Plan Comparison Report positions two investment lineups (AIM funds and/or competitor funds) side-by-side so that they can easily be evaluated.
The Plan Status Report and Plan Comparison Report give information about:
- Plan assets : Examines plan assets by style, sector and world region.
- Investment options: Lists holdings by style, provides equity and fixed-income statistics, compares fund performance against standard benchmarks, looks at risk metrics and includes Morningstar ratings and rankings.
- Fees and expenses: Estimates total plan expenses, including plan administration costs, investment fees and expenses , and other costs.
"By working with Morningstar, we believe AIM can now offer a deliverable tool that helps financial advisors add value to plan sponsors," said Terry Kelly, senior director of the Retirement Division at A I M Distributors, Inc. "These reports allow financial advisors to analyze and review a retirement plan’s investments (including fees and expenses), which enables them to directly support their clients, specifically those who may be responsible for reviewing, maintaining, and documenting investment policy."
Financial advisors can generate reports by working directly with a member of AIM’s Retirement Division or through a link provided on the Financial Advisor web page of www.aiminvestments.com.
"We're excited to have AIM Investments use our Defined Contribution Plan Tools to help their financial advisors build stronger plan lineups and more easily monitor plan option performance, risk, diversification, and expenses," said John Faustino, vice president of Desktop Software for Morningstar, Inc. "Plan sponsors and plan participants ultimately benefit when their financial advisors are equipped with robust data and tools to evaluate which defined-contribution plan options are best suited for them."
About AIM Investments
AIM Investments is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios – mutual funds, exchange-traded funds, retire ment products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. For more information, visit www.aiminvestments.com. AIM Investments® is a registered service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc. and PowerShares Capital Management LLC are the investment advisors for the products and services represented by AIM Investments; they each provide investment advisory services to individual and institutional clients and do not sell securities. Invesco Institutional (N.A.), Inc., Invesco Senior Secured Management, Inc., Invesco Global Asset Management (N.A.), Inc., AIM Funds Management Inc., Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited and Invesco Hong Kong Limited are affiliated investment advisors that serve as the subadvisor for some of the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and U.S. institutional money market funds represented by AIM Investments and the exchange-traded funds managed by PowerShares Capital Management LLC, and is the subdistributor for the STIC Global Funds represented by AIM Global. All of these entities are indirect wholly owned subsidiaries of Invesco Ltd.
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