Hortz: Can you share what you are working on and learning in your Research & Development efforts on your team and what are your plans to build on your software to remain cutting edge?
Roth: We are looking to capitalize on the massive growth that is taking place in the machine learning space where RetireUp will take even greater strides in being the conduit to this technology for advisors. We also are adding tools focused on the fiduciary landscape, which will ultimately position RetireUp to be more of an end to end solution.
Hortz: What is your best advice for advisors in the retirement income space?
Roth: Clients want the advisor to simplify the retirement message so they can understand the issues and can feel secure in their future. They do not want an endless list of decisions to be made but they want a retirement framework in which they are a part of but not burdened by. Clients want the freedom and autonomy to make decisions on topics that are at the height of their priorities and concerns. Providing clarity and an understandable strategy to get there is the value that the advisor is offering.
The Institute for Innovation Development is an educational and business development catalyst for growth-oriented financial advisors and financial services firms determined to lead their businesses in an operating environment of accelerating business and cultural change. We position our members with the necessary ongoing innovation resources and best practices to drive and facilitate their next-generation growth, differentiation and unique community engagement strategies. The institute was launched with the support and foresight of our founding sponsors - Pershing, Voya Financial, Ultimus Fund Solutions, Fidelity, and Charter Financial Publishing (publisher of Financial Advisor and Private Wealth magazines).