Founded by retirement income legends Wade Pfau and Alex Murguia, RISA has already established successful partnerships with Orion, Pacific Life and DPL.
MCLEAN, Virginia, November 21, 2022–(BUSINESS WIRE)–The RISA®a psychology-based, research-driven income personality assessment transforming retirement income planning, today announced its first industry advisory board comprised of thought leaders and innovators in the field fintech.
Founded by Retirement Income Authorities Alex Murguia and Wade Pfauthe RISA, a 15-minute assessment for those actively planning or committed to retirement, helps financial advisors understand each client’s ideal way to achieve retirement income, enabling advisors to define and implement implementing personalized retirement income planning strategies aligned with individual needs. preferences.
With growing industry interest and enthusiasm for RISA’s capabilities, Murguia and Pfau sought the expertise, feedback, and ongoing insights of ongoing fintech and financial services leaders to amplify opportunities and refine the product more. The first members of the RISA Advisory Board include:
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John Faustinoboss of Broadridge Fi360 Solutions, the trust education and technology business of Broadridge. Faustino, a retirement income visionary, also founded the Retirement Income Consortium.
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Ryan BeachPresident of Orion Wealth Managementwho has been instrumental in helping Orion become a powerhouse in the fintech industry, brings to the advisory board deep expertise working with various wealth management firms.
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David Laufounder and CEO of DPL financial partnersa legendary financial services innovator leading the charge in raising awareness of the various retirement income solutions available to advisors and their consumers, and breaking down price barriers to their adoption.
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Kelly Walrichco-founder and CEO of Intention.ly and serial CMO whose strategic advice and marketing ingenuity have accelerated the growth of fintech companies ranging from start-ups to established companies.
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Bonnie TreichelFounder and Chief Solutions Officer of Endeavor Retreatwho brings both his experience as an Employee Retirement Income Security Act (ERISA) attorney and as a pension advisor to the RISA Advisory Board.
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Michael FinkePh.D., Professor of Wealth Management and Frank M. Engle Distinguished Chair in Economic Security Research at The American College of Financial Serviceswho is considered one of the top five researchers in the field of retirement income.
“I am delighted to serve as a member of the RISA Advisory Board,” said Ryan Beach. “Through a pilot program with RISA, Orion advisors have had the opportunity to make this innovative retirement income assessment available to their clients. I have seen firsthand the impact of the tool on an advisor’s ability to guide clients to better retirement outcomes by adding personalization and deeper understanding to the retirement income strategy conversation.”
In addition to Orion, RISA has facilitated successful pilot programs with PacLife and DPL, and with 80 additional pilot advisors, 2,000 RISAs have been completed.
“Certainly, the mission behind RISA aligns perfectly with my goal at DPL to enable advisors to learn about and access different retirement income strategies that serve the needs, goals and preferences of their clients,” said said David Lau, member of the advisory board. “It’s a privilege to be part of the retirement income revolution Alex [Murguia] and Wade [Pfau] are the spearhead. »
Recently, Pfau presented the RISA story on the main stage at industry events hosted by C2 Financial, the National Reverse Mortgage Lenders Association, the Wealth Management Symposium and the Financial Planning Association.
“I’m so passionate about what Alex and I are building here, and about the brilliant minds we’re so grateful to have on our advisory board,” Pfau said. “Together, we can help advisors create a truly different experience for their clients by enabling them to take a deeply personalized approach to generating retirement income and ultimately achieving their retirement goals.”
RISA, which has garnered outstanding advisor feedback through its initial beta launch and the aforementioned pilot programs, is expected to be available to the broader market in January 2023.
“We want to do more than just give advisors access to RISA,” Murguia explained. “We see ourselves as true partners of these professionals who act in the best interests of their clients. Wade [Pfau] and I will be there every step of the way to help maximize the impact RISA can have on their clients’ retirement outcomes and on their own businesses. »
To support their January launch, Pfau and Murguia are hosting a two-day masterclass webinar series on Monday January 23 and Tuesday January 24 from 12-1:30 p.m., which will also kick off the start of a 4-6 week training program from cohort, additional Q&A sessions and open office hours.
To register for the webinar, Drive Growth & Deeper Client Relationships with the RISA: A 2-Day Retirement Income Masterclass, Click here.
About RISA
RISA®, the Retirement Income Style Awareness Profile, is a retirement income framework that combines psychology and financial planning to help investors identify their unique retirement income preferences. Developed by retirement income experts Alex Murguia and Wade Pfau, the intuitive and easy-to-follow survey takes into account a variety of factors related to an individual’s feelings about security, flexibility, reliance on market returns and preference for contractual guarantees to define its income risk tolerance during decumulation. RISA gives financial advisors the information they need to implement the retirement income strategies that are best for each client. https://risaprofile.com/
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contacts
Media
RISA consulting press contact:
Meghan Richter, President of Intention.ly
[email protected]
610.675.5530