Nationwide has started to use a financial projection engine from NewRetirement, a Mill Valley, California, developer of financial planning solutions, to help plan participants translate their savings into retirement income.
“We partnered with NewRetirement and designed enhancements to deliver better projections so participants can see what their retirement budget might look like,” said Eric Stevenson, president of Nationwide Retirement Solutions.
The new tool shows how a participant's assets could be distributed over time and illustrates how retirement income sources, including outside investments, retirement plan accounts, Social Security and pensions, work together.
The tool also considers future tax rates, includes an enhanced inflation calculation, and continues to provide hypothetical rates of return to help provide a more specific retirement outlook.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
