Principal Advised Services provides investment advice and portfolio management exclusively to participants in employer-sponsored retirement plans recordkept by its affiliate, Principal Life Insurance Company. Through its "Target My Retirement" program, the firm offers two primary services: a discretionary managed account service that builds and periodically rebalances personalized investment portfolios based on retirement timeframes, and a one-time point-in-time advisory service providing asset allocation and savings rate recommendations. Principal Advised Services utilizes proprietary investment methodology and software developed by an independent third-party expert, Morningstar Investment Management, to power its portfolio allocations and recommendations. The firm also offers call-center-based investment advisory representatives who help participants evaluate enrollment and determine appropriate savings rates. Principal Advised Services operates as a subsidiary of Principal Financial Group, presenting various affiliations with recordkeeping, trust, and broker-dealer entities within the broader corporate family.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.50% |
Annual fee of up to 0.50% of the daily value of managed account assets. The fee structure is tiered and negotiable by the plan sponsor.
