Morningstar Investment Management and Hueler Income Solutions offer an integrated lifetime income service

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Morningstar® Retirement ManagerSM offers personalized retirement advice on the entire retirement portfolio, including off-plan annuities

CHICAGO, February 15, 2022 /PRNewswire/ — Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc. (Nasdaq: MORN), and Hueler Income Solutions®, LLC., are combining services so investors can incorporate guaranteed income products into their investment plan. personalized advice via Morningstar Retirement Manager.

Managed accounts and advisor-managed accounts, which provide personalized investment advice to investors using the Morningstar Retirement Manager user platform, will now connect to Hueler Income Solutions®, a marketplace for institutionally priced customizable guaranteed income products. When a plan sponsor or fiduciary adviser indicates that they wish to offer optional annuities to their participants, Morningstar Retirement Manager will recommend the amount, if any, of each investor’s retirement portfolio balance to be allocated to an annuity. lifetime income based on their particular situation. . Hueler Income Solutions then interacts with the investor to provide real-time annuity quotes at institutional prices and offers personalized advice to investors regarding the most appropriate annuity features to meet their individual circumstances.

“Many investors, especially those who may run out of money in retirement, could benefit from an annuity. However, the questions are many, from choosing an annuity, how much to return, to the various options that arise. present to investors during this process,” said James Smith, Head of Product and Strategy, Morningstar Investment Management, Workplace Solutions. “This can be a great source of fear and anxiety for many investors as they seek to achieve their retirement goals.”

By allowing Morningstar Retirement Manager to communicate with Hueler Income Solutions, investors are empowered to decide whether an annuity fits into their financial plan. Investors receive guidance from Hueler Income Solutions throughout the selection and purchase process tailored to their specific needs. Once the annuity is purchased, Morningstar Investment Management is notified, manages and allocates the remaining balance in the client’s retirement plan account through its managed accounts or advisor-managed account services.

“We are delighted to be working with Morningstar Investment Management to put investors back at the center of the conversation in the defined contribution industry. When properly structured, priced and delivered, life annuities are an effective way to create retirement income. This collaboration allows trustees and stakeholders to participate in a flexible and customizable delivery model where incentives are properly aligned with investors’ needs for effective inclusion of lifetime guaranteed income,” said Kelli Hueler President and CEO, Hueler Income Solutions, LLC.

Managed accounts are designed to help investors achieve their retirement goals by providing them with a personalized investment and savings strategy and helping them determine their retirement needs. Through end-to-end service with Hueler Income Solutions capabilities, Morningstar Investment Management can now enable plan sponsors, registrars and registered investment advisers to provide access to personalized advice across the portfolio client’s pension, including annuities.

For more information and to contact, please visit www.morningstar.com/products/retirement-manager.

About Morningstar Investment Management LLC’s Workplace Solutions Group
Our parent company, Morningstar, Inc., was founded on the simple idea that when people have the right investment information, they can make better choices that help them achieve their financial goals. Within the Workplace Solutions group of Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc. and a registered investment adviser, our advocacy for the individual investor extends to the workplace retirement market where responsibility for Investing and saving is now up to employees. Our products and services, which range from a managed account service to target date products, custom models and fiduciary services, are not only designed to help people save for the retirement they want , but to help them make their money last once they get there. .

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australiaand Asia. The Company offers a broad range of products and services to individual investors, financial advisors, asset managers and owners, pension plan providers and sponsors, and institutional investors in the private debt and capital markets. Morningstar provides research data and insights on a wide range of investment offerings, including managed investment products, publicly traded companies, private capital markets, debt securities and market data world in real time. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $260 billion of assets under advice and under management September 30, 2021. The Company operates in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

About Hueler Income Solutions®, LLC
Hueler Income Solutions®, LLC, located at Minneapolis, Minnesotais the provider of the Hueler Income Solutions® life income platform which has been offering life annuity products to the institutional market since 2004. The platform was designed to facilitate the creation of personal pensions for Investors in transition. The Income Solutions® platform is made available directly to plan sponsor clients and many other retirement plans through Hueler’s unique non-exclusive partnerships with leading financial services firms, fiduciary advisor platforms and member organizations non-profit.

The Hueler organization has served the institutional market for over 30 years with extensive expertise, including annuities, finding stable value, and designing complementary technology capabilities. After building an outstanding reputation for stable value analysis and reporting over several decades, acquiring data from Hueler Analytics’ Stable Value Benchmark Universe and Stable Value Index has took place in early 2020.

©2022 Morningstar, Inc. All rights reserved.

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Morningstar Media Contact:
Erin Parro+1 312 696-6037 or [email protected]

Hueler media contact:
Kelli H.Hueler+1 952 941-5351 or [email protected]

Morningstar Logo (PRNewsFoto/Morningstar Research Inc.) (PRNewsfoto/Morningstar, Inc.)

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