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Products September 25, 2018
Vestwell Adds Retirement Income Tool to Adviser Platform
The tool, from Dimensional Fund Advisors, can project asset allocation shifts and future retirement income for clients of participating advisers.
Reported by Amanda Umpierrez
In an effort to add insight into how clients save, Vestwell has added a new retirement income tool from Dimensional Fund Advisors to their adviser and participant portals.
The My Retirement Income Calculator will be available to Vestwell advisers who utilize Dimensional Funds, and will allow them to produce customized approaches to employee retirement programs. While the calculator includes an income projection feature intended to provide in-retirement income estimates, it also considers shifts in asset allocations over time to improve consistent predictions.
“Vestwell was built to help advisors better service their clients, and Dimensional’s calculator perfectly supports that mission,” says Aaron Schumm, founder and CEO of Vestwell. “Thanks to the integration of the My Retirement Income Calculator, Vestwell advisors can better assess the impact of their clients’ savings and investment decisions, allowing them to collaborate with clients to better maximize the chances of achieving desired retirement goals.”