Edelman Financial Engines has launched a combination adviser-robo offering for retirement plan participants that's designed to help those in or near retirement transition from the workplace.
“Income Beyond Retirement combines portfolio management and technology-enabled analysis with financial adviser support” to create personalized retirement income plans and investing strategies designed to match the individual needs of employees, the company said in a release.
The program is already being offered by many of the company’s large corporate clients, and Edelman Financial Engines is working with its 401(k) provider partners to make it available to plan sponsors.
The program provides plan participants who are 55 or older and approaching retirement with a retirement checkup with an adviser, who works with the individual to develop a plan. Participants can get assistance with such critical decisions as claiming Social Security and evaluating income and growth preferences.
Tools include the ability to assess withdrawals generated from all household accounts, including tax-deferred and taxable accounts.
Meanwhile, Raymond James snags Edward Jones advisor in Arizona.
New Morgan Stanley research shows retirement planning is a key area where advice is required.
ASA reacts as regulator drops no-deny policy, freeing firms and individuals to publicly dispute allegations after reaching settlements.
Joel Frank allegedly sold more than $39 million worth of investments in the Equilus Funds to more than 90 investors.
The Charity Parity Act would eliminate a costly IRA rollover requirement that blocks direct charitable transfers from workplace retirement plans.
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