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Margaret Kirch Cohenmargaret.cohen@morningstar.com
Morningstar Associates to Provide Online Advice to Retirement Plan Sponsor Customers of Franklin Templeton

CHICAGO, Apr 11, 2001 – Morningstar Associates, LLC today announced that Franklin Templeton Investments, a global investment management organization, has selected Morningstar® ClearFutureSM as an online retirement advice feature to be made available to new and existing retirement plan sponsors who are customers of Franklin Templeton's recordkeeping and defined contribution plan services. 

Morningstar ClearFuture, currently available to 7,000 corporate retirement plans throughout the United States, is an innovative online retirement planning service that offers sophisticated research, education, investment guidance and advice for all levels of investors. Morningstar ClearFuture uses a goals-based approach, allowing plan participants to examine the relationships between long- and short-term risk, asset mix and retirement income, so they can determine the probability of reaching their financial goals. The service then provides specific investment advice by creating a diversified portfolio using the best investment options available in the participant's 401(k) plan. 

"Franklin Templeton has consistently put the needs of retirement plans and their participants first. They have again proved their commitment by arranging with Morningstar to establish convenient online support and access to Morningstar ClearFuture for their retirement plan customers who choose to provide their plan participants with this sophisticated retirement planning tool," said John Rekenthaler, president of Morningstar's Online Advice business unit. "Our goal with ClearFuture is to support retirement plan sponsors by providing their plan participants with access to tools necessary for thinking about their retirement in very personal terms."

About Morningstar Associates, LLC

Morningstar Associates, LLC is a registered investment advisor and a wholly owned subsidiary of Chicago-based Morningstar, Inc. As an independent provider of reliable, unbiased investment information, Morningstar offers news, data, and analysis of stocks, mutual funds, closed-end funds and variable annuities through its extensive line of Internet, software and print services. Neither Morningstar Associates nor Morningstar, Inc. owns, operates or holds any interest in investment products. The financial data and methodology used in the ClearFuture program are gathered from reliable sources, and neither Morningstar Associates nor Morningstar, Inc. guarantees their accuracy, completeness or timeliness. Past performance is no guarantee of future performance. To learn more about Morningstar, visit www.morningstar.com.

 

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p Copyright 2001 by Morningstar, Inc. All rights reserved.

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