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Attention Business Editors
Manulife Investments renews product allocation approach in partnership with The QWeMA Group
TORONTO, March 9 /CNW/ - Manulife Investments has renewed its licensing
agreement for a "product allocation" software system, developed and offered by
The QWeMA Group, to support Manulife's product allocation approach to
retirement income.
Manulife has signed a three-year, non-exclusive licensing agreement for
the Product Allocation for Retirement Income (PrARI(TM)) software tool.
Advisors using PrARI(TM) can locate the optimal product allocation for clients
across a variety of financial instruments, beyond stocks and bonds. PrARI(TM)
is available to advisors on Manulife Investments' online Retirement Solutions
Centre at www.productallocation.ca.
"This product allocation tool is a very important and innovative approach
that helps Canadians better plan for their financial future," said Roy Firth,
Executive Vice President, Individual Wealth Management, Manulife Financial.
"We are very pleased to continue our relationship with The QWeMA Group and
strongly encourage anyone looking ahead to retirement to use this unique
planning tool. This is a key component of our overall plan to demonstrate
leadership in retirement solutions."
Manulife Investments launched its online Retirement Solutions Centre in
2008 to offer tools to help financial advisors learn more about how product
allocation can help their clients better plan and protect their retirement
income.
"The QWeMA Group is delighted to continue working with one of the premier
insurance companies in the world," comments Dr. Moshe Milevsky, finance
professor at the Schulich School of Business in Toronto, and President and CEO
of The QWeMA Group. "As boomers move closer to and into retirement, product
allocation will play a greater role in retirement planning success or failure.
PrARI(TM) allows advisors and their clients to quickly and confidently reap
the rewards of the product allocation approach."
Manulife's product allocation tool, powered by the PrARI engine, helps
advisors evaluate the retirement income sustainability of a client's current
portfolio. Once the current sustainability is assessed, the client's product
portfolio can be adjusted to optimize income sustainability.
For more information about Manulife Investments, please visit
www.manulifeinvestments.ca.
About QWeMA Group
The QWeMA Group Inc., an abbreviation of Quantitative Wealth Management
Analytics Group, develops and licenses unique intellectual property and
educational software for the financial services and retirement industry. QWeMA
is privately owned and operated by a network of university-based financial
engineers, computational scientists and applied mathematicians. For more
information please visit www.qwema.ca.
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation that
offer personal wealth management products and services in Canada. As one of
Canada's leading integrated financial services providers, Manulife Investments
offers a variety of products and services including segregated funds, mutual
funds, annuities and guaranteed investment contracts.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 22 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers customers a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn $440 billion
(US$ 420 billion) as at December 31, 2009.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the Internet
at www.manulife.com.
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/For further information: Media contact: Tom Nunn, Manulife Financial,
(519) 594-8578, tom_nunn@manulife.com/
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