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June 26, 2012 /PRNewswire/ -- Achaean Financial ("Achaean"), a financial services firm committed to providing innovative ideas and tools for creating secure retirement solutions that benefit investors, financial advisors and insurance companies, today announced a strategic partnership with Envestnet, a leading provider of technology-based wealth management solutions for investment advisors. Through this strategic partnership, Achaean's retirement-advice software tool, Retirement Outcome, will be integrated into Envestnet's wealth management platform. While they can be used together today, the full integration is scheduled for
Envestnet's clients will have access to Achaean's Retirement Outcome retirement-advice system, to assist in creating outcome-based proposals and reports for investors. Advisors can analyze a client's income needs before and during retirement using Retirement Outcome, which will then be incorporated into a proposal on the Envestnet platform, where advisors can select appropriate investment solutions in order to achieve the investor's goals.
"Integrating Retirement Outcome into Envestnet's platform gives advisors a completely seamless system to make the most informed decisions for clients as they approach or enter retirement," said
Mike Henkel, CEO of Achaean Solutions. "Sensible planning for retirement is one of the most pressing issues for investors. This partnership provides the most comprehensive solution for advisors and their clients to develop the investment strategies that meet their retirement-income needs."
Retirement Outcome is an advanced, open-architecture and fully customizable retirement planning tool designed to help investors and their advisors understand the tradeoffs they face in retirement and to create personalized solutions, including appropriate spending, overall portfolio risk and allocations to guaranteed-income products. Retirement Outcome takes information about a client's wealth, income needs and asset allocation to produce a personalized outcome report. Each of the various investing and spending decisions can then be adjusted to help the client understand the tradeoffs they must make and how they are likely to impact income and wealth throughout retirement.