BlackRock announced today that its iRetire retirement investment framework is now available to LPL Financial advisors, offering a new way to help their clients close the retirement income gap. LPL is a leading retail investment advisory firm and the nation’s largest independent broker/dealer* supporting more than 14,000 advisors.
With iRetire, LPL advisors can help clients save and invest for lifetime retirement income by letting them see where they stand when it comes to the number that really matters, annual retirement income, and guiding decisions about how to get on track. The platform draws on CoRI’, BlackRock’s innovative series of retirement income indexes, and the powerful risk analytics of Aladdin’, enabling advisors to grow their business with technology and insights that support strong client-focused relationships.
‘We are excited to deliver iRetire to our advisors,’ said Rob Pettman, LPL executive vice president, Investment and Planning Solutions. ‘We strive to provide our advisors with the resources and tools that enable them to serve their clients and their businesses in ways that are most meaningful to them. iRetire is a valuable platform that our advisors can take advantage of to help their clients be better prepared for a successful retirement.’
iRetire provides a suite of capabilities that enable advisors to initiate an income-focused discussion and then move clients to take action to help manage their income situation. The platform lets advisors show clients how much income their current savings could provide annually in retirement and how changes in behavior (e.g., working longer, saving more, changing their investment strategy) could help close the income gap. Advisors can also use iRetire insights to build various portfolio scenarios for clients to consider, based on their retirement income goals.
‘We are pleased to help LPL advisors embrace what we believe is the future of wealth advisory ‘ the combination of powerful financial insight coupled with innovative technology ‘ to support investors as they strive to reach their retirement income goals,’ said Frank Porcelli, Chairman of BlackRock’s US Wealth Advisory Business. ‘With iRetire, advisors can help grow their business by putting them and their clients on the same side of the table to have a sustained retirement planning discussion with investors.’
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