Voya Retirement Advisors, LLC

Voya Retirement Advisors, LLC provides investment advice and managed-account services to retirement plan participants and advisory services to plan sponsors. Its participant offerings include point-in-time Online Advice and discretionary Professional Management delivered online, by phone, or in person, and incorporate income-focused options such as Income Beyond Retirement and Income Secure.

The firm relies on third-party “Workstation” methodologies from Edelman Financial Engines and Morningstar to generate personalized asset-allocation recommendations and retirement-income forecasts, and it implements discretionary changes for enrolled participants (rebalancing and allocation updates are performed on a scheduled basis). Advice and management integrate data from plan record-keepers and advisor fact-finding, and scenarios and optimization tools drive recommendations about contribution rates, allocation changes, and payout options.

VRA is part of the broader Voya Financial group and the brochure identifies a range of related entities — including Voya Retirement Insurance and Annuity Company, Voya Institutional Plan Services, and Voya Institutional Trust Company — reflecting an operational link to insurance, trust and institutional-plan capabilities that is uncommon for many investment managers. Following its acquisition of OneAmerica Investment Advisory Services, VRA now offers ERISA 3(21) and 3(38) plan sponsor services for plans funded with former OneAmerica products and can facilitate income payouts and annuity options, a cross-business integration that distinguishes its service set from peers that focus solely on portfolio management.