ProNvest, Inc. Announces Addition of Wilshire Associates, Inc. to its Open Platform of Independent Managers

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Relationship provides retirement plan participants with access to tools to successfully plan for retirement.

ProNvest and Wilshire Associates

ProNvest and Wilshire Associates

"The combination of ProNvest's robust technology with Wilshire [Associates]...can provide retirement plan participants with the tools required to plan for a successful retirement," says Jamie Ohl, President, Wilshire Funds Management.

ProNvest, Inc. adds Wilshire Associates, Inc. (Wilshire) to its Open Platform of Independent Managers. ProNvest’s open platform of Independent Managers allows providers and plan sponsors to choose among a list of industry leaders in the area of portfolio modeling and asset allocation.

"The combination of ProNvest's robust technology with Wilshire's institutional caliber approach to manager research and portfolio management can provide retirement plan participants with the tools required to plan for a successful retirement," says Jamie Ohl, President, Wilshire Funds Management.

ProNvest’s platform allows for a single integration providing access to its participant website and planning tools with the added benefit of an independent advisor making investment related decisions on behalf of plan participants. If ever a plan or provider wished to select a different Independent Manager, ProNvest simply plugs in another manager within its open platform without the need of a new integration or disruption of service to plan participants. ProNvest continues to provide all resources and systems that participants are exposed to and only relies on the Independent Manager to create the model portfolios.

Jay Jumper, President, ProNvest, states, “Partnering with Wilshire is another example of ProNvest’s commitment to building a world class open platform solution that provides plan providers and sponsors choices among industry leading money management firms in a managed account application.”

ProNvest approves and integrates multiple Investment Managers/RIAs into their managed account platform and conducts ongoing due diligence in accordance with PPA guidelines. By offering an open platform of investment managers, ProNvest helps plan sponsors fulfill their fiduciary responsibility, helps alleviate the liability of plan providers currently offering a single managed account solution and helps reduce the cost challenges for providers by offering sponsors multiple managed account programs as follows:

ProNvest helps to relieve the pressure of plan sponsors so they can take advantage of the PPA, without having to increase their internal staff or responsibility. By taking advantage of the protection of the PPA, the fiduciary liabilities are managed appropriately so that plan sponsors can attend to their employees needs.

About Wilshire
Wilshire Associates Incorporated (“Wilshire®”), an early innovator in creating asset allocation models for retirement plans in the 1970’s, remains focused on providing innovative investment solutions to retirement plans and participants today. As an independent expert with extensive resources, Wilshire Funds Management (“WFM”), the global investment management business unit of Wilshire brings a depth of knowledge and experience to the retirement plan space.

Recognizing the need for retirement plan service providers to offer participant level investment advice, Wilshire Funds Management has developed both discretionary and non-discretionary services that providers can offer individuals to assist them in developing and implementing an investment solution to meet their retirement investment horizon, income needs and risk tolerance.

About ProNvest
ProNvest is an independent registered investment advisory firm that assists retirement plan participants with a goal-based advice and money management service. ProNvest also provides educational tools, professional account management, investment allocation advice and managed IRA rollovers. Visit http://www.ProNvest.com for more information.

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Stephen Johnson
ProNvest
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