BNY Mellon
Custom Target Date BuilderSM

A modeling tool for retirement architects

Access the portal

OVERVIEW

Design and model custom target date
portfolios with your clients

BNY Mellon Custom Target Date BuilderSM couples innovative, easy-to-use technology with the capabilities of two of the world’s investment leaders,
BNY Mellon Investment Management and Wilshire Associates Incorporated.

Retirement Plan Professionals (RPPs) can model custom target date portfolios for plan sponsor clients using a defined contribution plan’s investment option line-up. Custom Target Date Builder features include:

Sophisticated institutional glidepath and portfolio modeling methodology, powered by Wilshire. Choice of five glidepaths, diversified across as many as 18 asset classes.

Open architecture, with the freedom to draw from a robust universe of active and passive investment strategies, offered as mutual funds and/or collective investment funds.1

Flexibility to use your own firm's investment manager research, or take advantage of Wilshire's institutional quality manager research and investment strategy scoring function.

Built-in tools designed to support an RPP’s consultative efforts with plan sponsors, modeling custom investment options for a particular sponsor’s fund line-up for its participant base.

Innovative technology that makes high-touch customization scalable, enabling RPPs to grow their DC practice.

Note: In the event that a plan client wishes to proceed with engaging a fiduciary provider of custom target date services, the RPP may arrange for a separate discussion with Wilshire, whose services are provided within an “ERISA 3(38)” fiduciary framework to mitigate fiduciary risk.

What is Custom Target
Date Builder?

(Duration: 1:25)

BNY Mellon Custom Target Date BuilderSM is a modeling tool for retirement architects, empowering RPPs to design and model institutional-strength custom target date strategies. Watch our showreel to learn more.

How does
it work?

(Duration: 1:53)

BNY Mellon Custom Target Date BuilderSM makes it simple to model custom target date strategies for plan sponsors in three steps. Watch our showreel to see how Custom Target Date Builder makes designing and modeling a custom target-date strategy scalable.

ABOUT

Behind the blueprint of Custom
Target Date Builder

In this series of videos, we go behind the scenes to speak with two Wilshire leaders: Nate Palmer, who was instrumental in the design of the tool, and Steve Foresti, who has a special vantage point on the research that went into Custom Target Date Builder. Nate leads the Portfolio Management Group for Wilshire Funds Management, and Steve is Chief Investment Officer for Wilshire Consulting.

INSIGHTS

BNY Mellon and Wilshire are committed
to the DCIO space

Learn more about how Custom Target Date Building can democratize retirement investing.

FAQ

A Closer Look: Frequently asked
questions about BNY Mellon Custom
Target Date BuilderSM

The launch of BNY Mellon Custom Target Date BuilderSM has generated
interest from retirement plan professionals (RPPs) in its prospective benefits to both RPPs
and their plan sponsor clients. This video series answers some of the questions
we’ve been asked most often by our Retirement Plan Professional partners.

BNY MELLON AND WILSHIRE

Who are BNY Mellon and Wilshire?

About BNY Mellon

BNY Mellon Investment Management is one of the world’s leading investment management organizations, encompassing BNY Mellon’s affiliated investment management firms and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries generally.

About Wilshire

Wilshire is a diversified global financial services firm that serves in excess of 500 clients across 20 countries an independent firm for over 40 years, is supported by a global network of offices in the U.S., Europe, and the Asia Pacific. Today, Wilshire remains a privately held, 100% employee-owned corporation. Since its founding in 1972, Wilshire has evolved from an investment technology firm into a global advisory company specializing in investment products, consulting services, and technology solutions. Throughout its history, Wilshire has retained a position of leadership in providing innovative ideas to the investment community.

In October 2020, Wilshire announced it has entered into a strategic partnership with CC Capital and Motive Partners, whereby the two firms would acquire a controlling interest in Wilshire. The transaction closed on January 8, 2020.

MEET THE TEAM

Who can I speak to about setting
up a demo of the tool?

Our dedicated team is staffed with DC industry professionals who understand
how your business works. Contact any of us to arrange a demo of Custom
Target Date Builder, for a more in-depth discussion of how it works or any
questions you have.

Bill Wendel

Head of Defined Contribution
william.wendel@bnymellon.com
302-388-9518

Maureen Kuhns

VP, Defined Contribution
maureen.kuhns@bnymellon.com
212-635-6292

Robin Clooney

Defined Contribution Sales
robin.clooney@bnymellon.com
201-268-1593

Steve Mollo

Defined Contribution Sales
steven.mollo@bnymellon.com
201-401-9209

Melissa DiPierro

Defined Contribution Sales
melissa.dipierro@bnymellon.com
201-577-2217

BNY Mellon Custom Target Date BuilderSM

A MODELING TOOL FOR RETIREMENT ARCHITECTS

Phone: 844-545-1257
Email: NAD_DCTeam@bnymellon.com

Important Information for BNY Mellon Custom Target Date BuilderSM

General. The Custom Target Date Builder is designed to help financial professionals assess how custom target date portfolio models may be built for their defined contribution plan clients. Unlike a target date fund product that invests in a fixed set of funds that do not vary by plan, a custom target date portfolio model uses the actual fund options included in a plan’s particular investment menu. This online tool may be used to create hypothetical custom target date models that are comprised of portfolio allocations for plan participants with different target retirement ages based on a proposed plan menu that you select for the plan. The proposed fund menu must meet certain asset class requirements, and at least two BNY Mellon fund options must be included. You will also be asked to choose from 5 different levels of risk for the model’s glidepath.

Powered by Wilshire. Based on this information, hypothetical custom target date portfolio models will be generated using the glidepath methodology of Wilshire Associates Incorporated (“Wilshire”). The Custom Target Date Builder is distributed by BNY Mellon Securities Corporation (“BNY Mellon”), a registered broker-dealer and a BNY Mellon Investment Management firm. Wilshire has been engaged by BNY Mellon to develop this online tool on its behalf. The Custom Target Date Builder does not provide investment advice, and BNY Mellon and Wilshire are not acting as fiduciaries under this online program. For purposes of determining the proposed fund menu, financial professionals may choose from the plan’s existing fund options or any other option from a universe of available funds. However, only those funds that have been pre-screened by Wilshire will be selected for asset allocation under its models. Additionally, fund options from Wilshire’s list of preferred funds that have passed its investment manager due diligence screens (the “Focus List”) generally will also be selected for asset allocation. The mere fact that a fund has been placed on Wilshire’s Focus List, or is otherwise selected for asset allocation under its models, should not serve as the primary basis for any plan investment decisions. Any fund (including its share class) that is available for selection for the proposed fund menu may or may not be accessible through the plan’s existing recordkeeping platform.

Educational Purpose. The hypothetical portfolio models that are generated by the Custom Target Date Builder, including any Focus List or any other funds selected for asset allocation under Wilshire's models, are intended to be educational, and they are not tailored to the investment needs of any specific plan or plan investor. The funds or proposed funds that are included in the portfolio models represent just one way that a diversified portfolio may be constructed and not the only way to construct a diversified portfolio. Accordingly, the portfolio models including any funds selected for asset allocation should not serve as the primary basis for any plan investment decisions, and the portfolio models generated by this online tool should not be shared with plan participants. The provision of this hypothetical portfolio model information including any funds identified from the Focus List do not obligate Wilshire or BNY Mellon to provide any such information on a regular basis.

Portfolio Model Providers. The plan client/fiduciary does not have an agreement with Wilshire (unless they have engaged Wilshire to provide the “3(38) Investment Manager” Services for Model Portfolios). Plan fiduciaries should carefully research any potential fund or portfolio model before making an investment decision, and other funds or portfolio models with similar risk and return characteristics may be available. If a plan client wishes to implement any custom target date portfolios, Wilshire or another 3(38) portfolio model provider should be hired by the plan client. Unlike Wilshire, other 3(38) providers may be unable to implement custom portfolios unless they are also hired to select the plan menu. BNY Mellon’s Custom Target Date Builder does not provide fiduciary advice with respect to the construction of portfolio models, or the selection of 3(38) portfolio model providers for plans.

Investors should carefully consider the investment objectives, risks, charges and expenses of the investment options in the plan before investing. For mutual funds and bank-maintained collective investment funds, the prospectus or similar disclosure document contains this and other important information and should be read carefully before investing. For a prospectus or similar disclosure document, please contact your BNY Mellon Retirement Specialist.

All investments involve some level of risk, including loss of principal. Certain investments have specific or unique risks.

An investment in a target date strategy does not eliminate the need for an investor to determine whether a strategy is appropriate for their specific financial situation. An investment in a strategy is not guaranteed. Investors may experience losses, including losses near, at, or after the target date, and there is no guarantee that a strategy will provide adequate income at and through retirement.

1 Bank-maintained collective investment funds and their units are not registered under federal and state securities laws in reliance upon applicable exemptions. Because these funds are not mutual funds, they are governed by different regulations, restrictions and disclosure requirements. For example, these funds are subject to banking and tax regulations which, among other things, limit participation to certain eligible qualified retirement plans (stock bonus, retirement, pension and profit sharing accounts) and governmental plans.

The tool will require a minimum of two BNY Mellon Investment Management investment options be included among up to 18 strategy allocations in the target date portfolio.

The use of the tool is subject to Wilshire’s User Agreement.

BNY Mellon Investment Management is one of the world’s leading investment management organizations, encompassing BNY Mellon’s affiliated investment management firms and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries generally.

BNY Mellon and Wilshire Associates are not affiliated entities.

Not FDIC-Insured | No Bank Guarantee | May Lose Value

MARK-179161-2021-03-24