BlackRock’s iRetire® Retirement Investment Framework Now Available to LPL Financial Advisors
June 23 2016 - 10:14AM
Business Wire
“End to End” Retirement Solution Helps
Investors Close the Retirement Income Gap
BlackRock (NYSE:BLK) 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.”
BlackRock launched iRetire in November 2015 as part of its
commitment to help reframe the retirement planning problem and
provide new solutions using BlackRock’s proprietary technology and
support. Currently, the iRetire offering also is available to
18,000 advisors on the wealth management platform powered by
Envestnet, Inc. (NYSE:ENV), a leading provider of unified wealth
management technology and services to investment advisors.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial
Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial
advice market and served $482 billion in advisory and brokerage
assets as of April 30, 2016. LPL is one of the fastest growing RIA
custodians and is the nation's largest independent broker-dealer
(based on total revenues, Financial Planning magazine June
1996-2016*). The Company provides proprietary technology,
comprehensive clearing and compliance services, practice management
programs and training, and independent research to more than 14,000
independent financial advisors and over 700 banks and credit
unions, enabling them to help their clients turn life's aspirations
into financial realities. Advisors associated with LPL also service
an estimated 45,000 retirement plans with an estimated $121 billion
in retirement plan assets, as of March 31, 2016. LPL also supports
more than 4,200 financial advisors licensed and affiliated with
insurance companies with customized clearing, advisory platforms,
and technology solutions. LPL Financial and its affiliates have
more than 3,400 employees with primary offices in Boston,
Charlotte, and San Diego. For more information, please visit
www.lpl.com.
About BlackRock
BlackRock is a global leader in investment management, risk
management and advisory services for institutional and retail
clients. At March 31, 2016, BlackRock’s AUM was $4.737 trillion.
BlackRock helps clients around the world meet their goals and
overcome challenges with a range of products that include separate
accounts, mutual funds, iShares® (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®. As of
March 31, 2016, the firm had approximately 13,000 employees in more
than 30 countries and a major presence in global markets, including
North and South America, Europe, Asia, Australia and the Middle
East and Africa. For additional information, please visit the
Company’s website at www.blackrock.com | Twitter: @blackrock_news |
Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock
IMPORTANT: The projections or other information generated by
the iRetire tool (the “tool”) regarding the likelihood of various
investment outcomes are hypothetical in nature, do not reflect
actual investment results and are not guarantees of future results.
Results may vary with each use and over time.
Any information contained in or generated by the tool should
not be construed as or relied upon as investment advice, research
or a recommendation by BlackRock Investments, LLC or any of its
affiliates (collectively, “BlackRock”) regarding the use or
suitability of any particular asset allocation, fund or overall
investment strategy. The tool is designed to be used in
consultation with your advisor and should not be relied on as a
primary basis for an investment decision. Only you and your advisor
know enough about your circumstances to make an informed investment
decision.
The tool and BlackRock's CoRI methodology do not guarantee
future income or protect against loss of principal. There can be no
assurance that an investment strategy based on the tool or
BlackRock's CoRI methodology will be successful.
BlackRock is not affiliated with LPL Financial or any of its
affiliates.
© 2016 BlackRock, Inc. All rights reserved. BLACKROCK,
iRETIRE and CoRI are registered trademarks of
BlackRock, Inc. or its subsidiaries in the United States and
elsewhere. All other marks are the property of their respective
owners.
GMC-0170
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BlackRock, Inc.Farrell Denby,
1-212-810-8034Farrell.Denby@BlackRock.com
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