FundQuest Introduces Tool for Retirement Income Advisory Services

FundQuest has rolled out a platform that enables financial advisers to deliver advanced planning, implementation, and monitoring services to help investors achieve sustainable income during retirement.

The turnkey retirement management platform is customized to integrate each financial institution’s products with FundQuest’s Web based tools and open architecture investments –including mutual funds, ETFs, and alternatives. According to a FundQuest announcement, the platform provides:

  • asset allocation,
  • integration of insurance and guaranteed income products,
  • management of withdrawals,
  • ’what if’ analysis,
  • tax optimization, and
  • ongoing reporting and monitoring.

FundQuest will provide adviser training, education, and sales and marketing assistance.

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“The platform is based on research that identified the capabilities financial advisers need to help their clients with the transition from the asset accumulation phase and throughout the retirement income distribution phase,’ said Bob Del Col, Chairman of FundQuest, in the announcement. “Because effective planning and implementation to achieve sustainable income is inherently more complex than asset accumulation, it is essential to provide advisers with a whole new process supported by a whole new set of tools.’

A white paper, “A Process-Centered Approach to Retirement Income–Best Practices for Institutions and Advisors’, describes the practical and actionable framework for the platform and is available at www.fundquest.com/press-resea.htm.

SEC Proposes INVESCO Market Timing Distribution

The Securities and Exchange Commission (SEC) has filed a proposed plan to distribute money in a Fair Fund as part of the agency’s market timing case against INVESCO Funds Group, Inc., AIM Advisors, Inc., and AIM Distributors, Inc.

The Fair Fund is comprised of $325 million in disgorgement and civil penalties paid by INVESCO Funds Group, Inc., plus accumulated interest. Under the Distribution Plan, eligible investors would receive proportionate shares of the Fair Fund to compensate them for market timing during 2001-2003 in mutual funds for which INVESCO Funds Group, Inc served as the investment adviser.

Those who want to comment on the Distribution Plan may submit their comments, in writing, no later than August 6, 2007: to the Office of the Secretary, United States Securities and Exchange Commission, 100 F Street, N.E., Washington, DC 20549-1090; by using the Commission’s Internet comment form (http://www.sec.gov/litigation/admin.shtml); or by sending an e- mail to rule-comments@sec.gov.

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Comments submitted by e-mail or via the commission’s Web site should include Administrative Proceeding File Number 3-11701 on the subject line. Comments received will be publicly available.

The proposed distribution plan is available here.

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