Envestnet adviser platform adds retirement planning tools

Nov 12, 2009 @ 12:24 pm

By Davis D. Janowski

Advisers on the integrated-wealth-management platform at Envestnet Inc. — which services more than 650,000 investor accounts — now have access to a new set of retirement income tools called PlanHorizon.

These tools are meant to be used by advisers whose clients are retired and are looking to draw income from their accumulated retirement assets.

The tools follow a “time-segmented distribution strategy” whereby an investor’s accumulated retirement assets are divided into segments and set up to provide income over a specific period. Each segment has its own time horizon, target market value and risk tolerance.

Since PlanHorizon is part of the integrated Envestnet platform, advisers can select from various investment choices, monitor the assets and generate reports.

Advisers can choose from a variety of guaranteed-income products, including variable annuities with an option for a guaranteed-minimum-withdrawal-benefit rider, Portfolio Management Consultants Select Portfolios (PMC is the investment management arm of Envestnet) and PMC Sigma Mutual Fund Solutions with an insurance wrapper.

Headquartered in Chicago, Envestnet has offices in Denver, Los Angeles, New York, as well as Silicon Valley and Trivandrum, India, where much of its development work takes place.

For general information, visit Envestnet Retirement Services online. And here is a link to a list of frequently asked questions on PlanHorizon.

Related stories:

Envestnet targets hybrid brokers

New turnkey tax management overlay announced by Envestnet


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