Trust Builders announced the release of two features to help
retirement specialist advisers serve clients in a fiduciary capacity.
The two newest features complement the retirement readiness
solutions in The Retirement Analysis Kit (TRAK) by integrating an annuity
illustration into the sequence of returns analysis and allowing advisers to document
their advice to clients, the firm explains.
“Financial advisers’ clients need to understand how market
volatility can hurt their chances of a successful retirement, and they also
need to know that options are available to mitigate the risk,” says Edward Dressel,
president of Trust Builders. “The new annuity illustration will help advisers
educate clients about the possible
benefits of an annuity to safeguard their retirement income.”
According to Trust Builders, the first new feature
complements the existing sequence of returns calculator offered by the firm,
which illustrates a client’s retirement plan using historical market
performance. The new feature allows an adviser to illustrate market volatility
and then illustrate how an annuity may provide some protection against market
downturns during retirement.
The second feature, the firm suggests, allows an adviser to
document which scenarios were presented to the client and which one was
selected by the client. This feature allows the adviser to keep records of what
advice was presented to a client and what advice the client decided to take
action on, including client verification of the document. “This paper trail
helps advisers comply with strict fiduciary standards and protect themselves by
demonstrating that they have acted in a client’s best interest,” the firm
For more information about the expanded offering, visit www.AskTRAK.com.