BOSTON (TheStreet) -- Investors are seeking more and better guidance from advisors on the role that Social Security plays in retirement.
, a research firm focused on the financial-services industry, found that only 47% of mutual-fund firms offer materials to assist financial advisors in guiding clients through the maze of Social Security benefits.
"Mutual-fund firms need to recognize that arming advisors with Social Security-related resources is as important as educating retail investors directly," says Lauren Wistrom, a senior analyst for mutual-fund firms at Corporate Insight. "Advisors can be much more effective when they are able to use a client's real data to educate them about retirement income planning."
earned an "A" for offering the most comprehensive information, pooling all related resources and tools in a single online location.
also garnered high marks for providing detailed information online.
Of the firms that offer Social Security resources to advisors, all but two provide interactive tools or calculators to help clients determine how the benefit will supplement retirement income. Only BlackRock and Invesco, however, offer advisors informational webcasts. The only firms that suggested advisors explore funding a retirement not supplemented by Social Security with their clients were
-- Reported by Joe Mont in Boston.
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