Dunham & Associates Investment Counsel Inc., a San Diego-based investment firm, introduced a new service aimed at enhancing retirement planning for financial advisors and their retired or pre-retiree clients.
The firm says its Dunham Retirement Income Program provides financial advisors with the tools necessary to craft personalized retirement strategies for their clients.
Designed to be different from conventional retirement programs, the program lets advisors incorporate various financial services and investment strategies to create one customized, cohesive plan.
"[W]e do not charge a fee for the Dunham Retirement Income Program or the DunhamDC investment overlay,” Ryan Dykmans, chief investment officer at Dunham, said in a statement. “This is a natural extension of our commitment to help the financial advisors we serve and the clients they have who are in or near retirement."
The firm's Dunham DC investment strategy, which underpins the program, employs an algorithmic approach to adjust clients’ equity exposure based on market conditions, aiming to mitigate risks and enhance recovery during downturns.
The program also offers a range of portfolio options including the Distribution portfolio, which secures up to 12 months of income in cash with FDIC insurance coverage. Other portfolios in the program are tailored to address specific needs like emergency funds, health care costs, and legacy planning.
In addition to investment strategies, the program is designed to integrate seamlessly with clients’ existing insurance and alternative investment products. This allows financial advisors to offer a comprehensive package that balances market conditions against individual client circumstances.
Dunham’s new retirement income offering also comes with automated back-office support, which aims to help prevent emotional client decisions during turbulent markets.
"We understand that one-size-fits-all does not apply to retirement planning," said Czarina Frias, marketing and business development manager at Dunham. "[Advisors need] the tool set to manage their clients' resources—plus the flexibility to support their retirement needs—regardless of evolving market conditions and client situations."
Vanilla is extending its estate planning tech to Callan Family Office's ultra-high-net-worth business, while WealthFeed's organic growth engine will now be available to roughly 100 advisors at The Mather Group.
“We are helping families take an important first step toward building a financial foundation for the next generation,” said Franklin Templeton CEO Jenny Johnson
Richard Brothers Financial Advisors joins the fee-only RIA, adding its first Maine office and $240 million in client assets
Cleveland RIA grows to $68 billion in assets as Philadelphia team, deepening its high-net-worth and retirement-plan practice.
Financial planning leaders say unresolved rules on fees, Roth conversions and financial aid complicate comparisons with 529 plans.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
