Custom Scoring - Category Benchmark Changes

As a response to Advisor feedback and our own thought leadership here at Fi360, FirmPlus will be modifying the category benchmarks utilized in custom scoring metrics for Target Date Funds, Allocation Categories, and Foreign Large categories. This change could potentially impact the scoring for funds in those categories on all criterion utilizing the Category Benchmark in its equation. These changes are expected to go into effect in January of 2021 with the publishing of Q4 2020 investment data.

Listed below are all the specific asset classes/benchmarks involved in these changes, followed by a full list of the criteria points.

Asset Classes/Benchmarks

Criteria Points

These categorical benchmark changes to the Target Date Funds, Allocation Categories, and Foreign Large Categories will help to ensure that the most relevant and applicable data is being produced in FirmPlus.

If you have any questions about the Category Benchmark changes, please contact our Support Team at [phone] or [e-mail].