The Newport Group, a provider of retirement and executive benefit plans, has added a new personal account aggregation feature for participants in its plans.
The new feature consolidates all of a user’s personal savings, investment and other accounts on one secure, dedicated online site, according to the The Newport Group.
Accessible through Newport’s website plandestination.com, the service is fully integrated with both retirement and executive benefit plans.
The service aggregates all of a plan participant’s financial holdings into a single, consolidated view. Each of an individual’s assets (executive benefit accounts, 401(k) and other retirement accounts, brokerage accounts, savings/checking accounts, real estate), and liabilities (mortgage, credit cards and other loans) are shown at a glance, on an overall ‘dashboard’ page that displays a summary of all assets and liabilities, as well as total net worth.
The Newport Group chief operating officer Bryant Kirk said, Newport is changing the paradigm of retirement savings by putting these accounts in the context of an individual’s complete financial picture.
These summaries are updated every business day. In addition, users can also search for and view individual transactions, as well as creating alerts to notify them about balance activity. The result is a ‘live’ and up-to-the-minute view of an individual’s total financial holding something that will be of particular value to those participants who work with a financial advisor.