As retirement investing evolves, plan sponsors and advisors are seeking new ways to provide participants with diversified investment opportunities beyond traditional public markets. Voya Financial has expanded its Advisor Managed Accounts (AMA) program with enhanced capabilities that allow registered investment advisors (RIAs) to incorporate private market investments into professionally managed retirement portfolios. The move broadens access to alternative investments while supporting personalized retirement planning and long-term financial outcomes.
Voya's latest enhancement enables RIAs using its Advisor Managed Accounts program to integrate private market assets—including private equity, private credit, and private real estate—into professionally managed retirement portfolios. The expansion provides retirement plan participants with broader investment choices while maintaining a personalized and professionally managed investment experience.
Launched in 2021, the Advisor Managed Accounts program combines personalized portfolio management with participant education, helping employees make informed retirement investment decisions. The addition of private assets extends the program's capabilities by allowing advisors to diversify portfolios beyond traditional investment options within a structured investment framework.
The new capabilities build upon Voya's Primary Plus solution, which expanded access to non-core investments within retirement plans. Together, Primary Plus and the enhanced AMA program enable third-party RIAs to introduce alternative investments while maintaining ongoing portfolio oversight and professional investment management.
Initially, advisors will have access to Voya Investment Management's V-ALT collective investment trusts (CITs), as well as Blue Owl's Alternative Credit CIT (OWLCX) and Real Estate Net Lease CIT (ORENT). Voya plans to evaluate and add additional investment managers and strategies through its governance process over time.
Private market investments have historically been available primarily to institutional investors due to their specialized structures and investment horizons. Voya's expanded Advisor Managed Accounts program seeks to make these investment opportunities more accessible within workplace retirement plans through professionally managed portfolios.
The company noted that its experience integrating private assets into custom asset allocation portfolios over the past decade provides the foundation for extending these capabilities across the AMA platform.
"This solution gives plan sponsors a way to offer employees access to private markets through a program combining education, professional management, ongoing account oversight and our focus on designing solutions that support long-term outcomes."
"Professionally managed solutions like advisor managed accounts can help participants navigate more complex investment options with greater confidence, while providing structured access to a broader set of investments."
As retirement investing continues to evolve, demand for diversified portfolios and alternative investment strategies is increasing. By expanding its Advisor Managed Accounts program with private market capabilities, Voya aims to help advisors deliver more personalized retirement solutions while giving plan participants broader access to professionally managed investment opportunities.
Voya Financial, Inc. is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Advisor Managed Accounts is offered by Morningstar Investment Management LLC and is intended for citizens or legal residents of the United States or its territories. The portfolios available through Advisor Managed Accounts are created by an investment adviser (the “IA”) chosen by a plan sponsor. Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc., is responsible for participant portfolio assignment from those portfolios created by the IA. The IA is not affiliated with Morningstar Investment Management and Morningstar Investment Management is not responsible for the portfolios the IA creates. The IA is not responsible for the portfolio selection made by Morningstar Investment Management, nor for other recommendations made by Morningstar Investment Management through Advisor Managed Accounts.
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