New 2001 software version enables participants to analyze accounts. Prudential Retirement Services, a unit within Prudential Securities, has signed an agreement with Intuit that enables participants in 401(k) plans sold by Prudential to download account data using Intuit's Quicken 2001 personal finance software.
Under the August agreement, plan participants must purchase the Quicken 2001 software, which was due to be shipped to retailers the last week of August. Prudential Retirement Services will make the service available to all of its 401(k) plan participants.
Retail reps at Prudential Securities have access to the software for their clients.
"We're getting involved online in an effort to reach out and get more clients," says a Prudential branch manager on the West Coast. "The firm's position is that we want to do business with the clients where they live. The marketplace has changed and the Pru-Quicken agreement is a reflection of that change."
A year ago in August, the firm announced a link for Quicken and its brokerage customers. Called Web Connect, the service enables clients to download 60 days worth of transactions, balances and holdings.