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.
“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.