Russell said the site—free and open to everyone—provides advice and tools to assist advisers in simply and efficiently diagnosing their clients’ situations. It also outlines discussion points and ideas for advisers to help investors adjust to new financial realities and the decisions confronting them, according to a news release.
The site features the Retirement Analyzer, a tool that helps advisers assess clients’ retirement funding status and recommends specific actions advisers might take to increase the likelihood of reaching clients’ financial objectives.
The site also houses the Economic Recovery Dashboard, which features visual snapshots of current market conditions relative to their typical long-term ranges. That feature is designed to help advisers set context and perspective for investors when evaluating the current state of the economy, Russell said. The dashboard tracks leading indicators (credit risk, corporate debt, and market volatility) and lagging indicators (mortgage delinquencies, employment growth, consumer spending, and economic expansion), and illustrates the direction they have moved for the past three months: toward, away from, or within typical ranges.
“In recognition of the extreme pressure markets are under and how that has affected the staying power of investors, we thought it would be helpful to offer a tool designed to facilitate investor/adviser discussions,” said Tim Noonan, managing director at Russell Private Client Services, in the release. “We see it as a way to assist advisers who are seeking proactive devices to pull their investors out of the trap of the widespread malaise that has encased them.”
More information is available at www.russell.com/helping-advisors/default.asp.