Albert Lea business, intellicents investment solutions inc., formerly ABG Investment Services Inc., has chosen to use Institutional Intelligent Portfolios, an automated investment management program from Schwab Wealth Investment Advisory Inc., as the core technology supporting its intellicents digital advisor offering.

“Today retirement income planning is a significant issue for baby boomers entering the distribution phase of their 401k and 403b experience,” said Grant Arends, president of intellicents. “Our plan sponsor clients expect us to not only educate their participants on this subject, but to offer solutions for those participants who desire to take money out of their employers’ plans. Our intellicents digital advisor platform exclusively uses exchange traded funds to deliver a rollout solution that is less expensive than most 401k and 403b plans. Institutional Intelligent Portfolios provides the underlying technology, our chief investment officer selects and monitors the ETFs, and determines the appropriate asset allocation strategy for each model we offer on the platform.”

Institutional Intelligent Portfolios was designed to give registered investment advisors a tool to compete in the competitive robo-advice space.

“Our strategic business plan is to put intellicents wealth management branches in key areas where we have a large population of 401k and 403b plans and participants,” said Arends.