CHICAGO, Jul 26, 2001 Morningstar Associates, LLC today announced that USI Consulting Group (USICG), a leading employee benefits consulting firm, has selected Morningstar® ClearFutureSM as its online retirement advice provider. USICG currently provides retirement plan services to more than 400 individual companies and 150,000 participants throughout the country.
"USICG is a premier benefits consulting and outsourcing organization. We're pleased that, after a thorough review of online advice providers, USICG chose Morningstar ClearFuture," said John Rekenthaler, president of Morningstar's Online Advice business. "By selecting ClearFuture, USICG confirms the importance of fundamental, portfolio-analysis-based advice for retirement plan participants."
"We are delighted to be working with a renowned online advice provider that can offer the best in quality, scope, and depth of service to meet the needs of our middle-market client base," said Douglas J. Rubinstein, president and CEO of USI Consulting Group. "ClearFuture fits perfectly into the overall strategy of USI's ResourceONESM--a single-source technology-enabled solution for comprehensive benefit outsourcing."
Morningstar ClearFuture is currently available through more than 14,000 corporate retirement plans. The service offers sophisticated research, education, investment guidance and/or advice to all levels of investors. It is fully integrated with Morningstar's proprietary stock and managed portfolio databases. This integration allows ClearFuture to provide asset-allocation suggestions or specific investment advice that takes into consideration all of an individual's retirement assets. ClearFuture creates diversified, optimal portfolios using the best investment options available in the participant's company-sponsored retirement plan(s).
About Morningstar Associates
The Morningstar® ClearFutureSM retirement advice program is provided by Morningstar Associates, LLC, a registered investment adviser and a wholly owned subsidiary of Chicago-based Morningstar, Inc., an independent provider of investment information and analytical tools. Morningstar, Inc.'s extensive line of Internet, software, and print services offers news, data, and analysis on stocks, mutual funds, closed-end funds, and variable annuities. Neither Morningstar, Inc., nor Morningstar Associates, LLC, owns, operates, or holds any interest in investment products. The financial data and methodology used in ClearFuture are proprietary to Morningstar, Inc., and/or Morningstar Associates, LLC. Although the data are gathered from reliable sources, neither Morningstar, Inc. nor Morningstar Associates, LLC guarantees their accuracy, completeness, or timeliness. Past performance is no guarantee of future performance.
About USI Consulting Group
USI Consulting Group delivers customized solutions in core benefits consulting and outsourcing, enrollment and communications, and executive benefits to middle-market organizations. Based in Connecticut with offices throughout the country, USI Consulting Group is currently the 13th largest employee benefits consulting firm nationwide. The firm is a wholly owned subsidiary of USI Insurance Services, a San Francisco-based corporation with $2.5 billion in annual premium volume, $3.5 billion in assets under management, and $350 million in annual revenues.