The Retirement Center for Advisors is being launched by Voya Investment Management, the asset management business of Voya Financial Inc., to train advisors in retirement planning for individuals and members of defined contribution plans, Voya announced Tuesday.
Retirement U brings together resources to assist advisors looking to expand the retirement-focused guidance that their clients are seeking, Voya says. In conjunction with this project, Voya previously named Joseph M. Labella as retirement strategist to help advisors address their clients’ retirement planning issues.
“We recognize that retirement is foundational to an advisors’ practice. With Retirement U, we believe that advisors will be able to add demonstrable value in the retirement process and differentiate themselves from their competition,” says Jake Tuzza, managing director and head of intermediary distribution. “Advisors working with personal retirement clients have specific challenges, not the least of which includes managing their practices while also trying to help clients get ready to retire.”
Retirement U is an online service that includes interactive learning modules and live seminars that will provide CE credits. One of the key components is a course, “Tap into the Power of Consistency,” which provides advisors access to Voya Investment Management’s Consistency Lens methodology.
The Consistency Lens is based on proprietary research that identifies six returns-based factors that can help advisors evaluate funds for consistency. Unlike most fund evaluation methods, Voya’s product-agnostic analysis uses rolling, three-year periods. The analysis is then tailored to help advisors identify funds that are appropriate for clients at different life stages, Voya says.
“Retirement U is built to be a comprehensive resource for advisors looking to demonstrate their value in new ways,” says Elizabeth Petrozzini, retirement advisory marketing. “Retirement U will evolve and grow to ensure Voya Investment Management is constantly helping advisors tackle their biggest challenges when working with both personal retirement and DC clients.”