Voya Financial, Inc. Common Stock (VOYA)

Competitors to Voya Financial, Inc. Common Stock (VOYA)

Charles Schwab Corporation 

Charles Schwab competes with Voya Financial in the investment management domain, especially in self-directed retirement accounts and broker services. Schwab has established a strong brand identity as an investment leader by offering low-cost trading, a range of investment choices, and innovative technology solutions. This positions Schwab favorably against Voya, which traditionally focuses more on managed retirement solutions. Schwab's emphasis on digital platforms and customer empowerment through technology provides it with a competitive edge in attracting tech-savvy investors.

Fidelity Investments

Fidelity Investments competes with Voya Financial in the investment management sector, particularly in retirement accounts and brokerage services. Fidelity's extensive resources, technology platforms, and reputation for customer service provide it with a strong competitive advantage, often leading to higher customer retention rates. Additionally, their strong presence in passive investment strategies and low-cost index funds draw investors who might also consider Voya's offerings, placing Fidelity in a leading position.

MassMutual

MassMutual offers a range of financial products similar to Voya, including life insurance, retirement planning, and investment management services. The company has a mutual structure, which allows them to focus on policyholder interests, giving them a competitive edge in nurturing customer loyalty. MassMutual’s focus on whole life insurance and participating policies attracts clients looking for stable financial products, which differentiates them from Voya's emphasis on retirement planning and investment management.

MetLife, Inc. 

MetLife is one of the largest providers of insurance and employee benefit programs in the world, competing directly with Voya in life insurance products and retirement services. While both companies aim to provide comprehensive benefits solutions, MetLife's scale and established brand reputation give it leverage in negotiating deals and retaining customers, especially in employer-sponsored benefits. Consequently, their expansive distribution network and product variety position them as a formidable competitor in the space.

Prudential Financial, Inc. 

Prudential Financial is a significant competitor to Voya Financial primarily in the areas of retirement services, investment management, and insurance products. Both companies target similar demographics, offering retirement planning, individual and group insurance, and asset management services. Prudential has a broader global reach and diversified product offerings, which provide them with a competitive advantage in attracting larger institutional clients and international markets.