INVESCO Retirement later this year plans to launch an asset-allocation modeling tool for defined contribution plan sponsors serviced by the firm, said Hubert L. Harris Jr., CEO. The program is expected to be a dynamic asset allocation model that INVESCO will have developed by a third-party adviser, Mr. Harris said.
"We believe unsophisticated investors would benefit from selecting a targeted retirement product and let the professionals do it, Mr. Harris said. "So many employees chase performance and go in when the party is over. They jump just at the wrong time.