VALIC’s Retirement Pathfinder, Powered by RetireUp, Delivers
Personalized Retirement Education and Advice Based on Real Scenarios
Company Website:
http://www.aig.com/home_3171_411330.html
HOUSTON -- (Business Wire)
VALIC, an AIG company and a leading retirement plan provider for
Healthcare, K-12, Higher Education, Government and other not-for-profit
institutions, has partnered with RetireUp, a retirement planning
software for financial advisors, to launch Retirement Pathfinder®.
This dynamic, innovative retirement planning tool enables VALIC’s
financial advisors to provide clear, easy to understand scenarios
designed to educate and inform clients through a variety of models.
Since launching the software last year, VALIC financial advisors have
created over 44,000 personal retirement income financial plans.
“For 60 years we have focused on the success of our clients and we are
always looking for opportunities to better serve them. That’s why we
partnered with RetireUp to introduce Retirement Pathfinder,” said Rob
Scheinerman, President, Group Retirement, AIG Life & Retirement. “What’s
especially unique about Retirement Pathfinder is that it allows a client
to sit down with an advisor and map out the future they envision. Every
decision plays out on screen and clients can change scenarios and see
updated financial figures and really understand the impact of their
future decisions today. That is powerful. Retirement Pathfinder closes
the gap between retirement dreams and reality and gets us closer to
achieving our vision that every American deserves a fulfilling
retirement.”
The web-based portal breaks down complex financial matters and
simplifies them through informative graphics, educational materials and
more. While most advisors rely on static questionnaires to better
understand clients’ specific income needs, Retirement Pathfinder is
dynamic and boasts software that allows for ad-hoc changes and a host of
different scenarios. Complex data is analyzed quickly, allowing clients
to understand the entire retirement picture and then use tools and take
steps to address personal needs.
Perhaps most important is the tool’s ability to determine a client’s
essential lifestyle needs, discretionary lifestyle needs and the
remaining income gap. Advisors can then create valuable, personal
financial plans for their clients that offer valuable advice, education
and investment options. Retirement Pathfinder explains a variety of
investment options, including annuities, in clear, simple terms.
“VALIC has moved the needle in the industry with the introduction of
Retirement Pathfinder,” noted RetireUp President Michael Roth. “We’re
proud to have worked with VALIC to develop a solution that helps its
advisors educate and engage clients with a collaborative planning
process that quickly and easily solves for their financial needs.”
Since launching the tool in March of 2017, Retirement Pathfinder has
proven to be a strong complement to VALIC’s comprehensive, fully
holistic financial planning tool – VALIC’s Financial 360.
“We have made significant investments in all aspects of our business,
from technology and operations to products and talent,” noted Shawn
Duffy, President, VALIC Financial Advisors. “We will continue to
innovate and deliver to allow our advisors to provide valuable products
and solutions to plan sponsors and their participants.”
About RetireUp:
Based in Libertyville Illinois, RetireUp is a leading provider of
integrated retirement income planning solutions designed to strengthen
the client-advisor relationship. By presenting complex concepts as
easily understood numbers and graphics, RetireUp technology platforms
quickly engage clients and transform them into enthusiastic participants
in the planning process. With powerful tools, actuarial-level product
modeling, data integration and an automated forms system, RetireUp
facilitates more meaningful client-advisor conversations and faster,
better solutions, while streamlining the entire planning process. For
more information, go to www.retireup.com.
About VALIC
For more than half a century, VALIC, an AIG company, has served as a
leading retirement plan provider for Healthcare, K-12, Higher Education,
Government and other not-for-profit institutions. VALIC has more than
$100 billion in total assets under management as of December 31, 2017,
and manages plans for nearly 23,000 groups serving approximately 1.8
million participants. VALIC represents The Variable Annuity Life
Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc.
and VALIC Retirement Services Company. Additional information about
VALIC can be found at www.valic.com.
About AIG
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today AIG member companies provide a wide
range of property casualty insurance, life insurance, retirement
products, and other financial services to customers in more than 80
countries and jurisdictions. These diverse offerings include products
and services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance www.twitter.com/AIGinsurance
| LinkedIn: www.linkedin.com/company/aig.
These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180511005141/en/
Contacts:
AIG
Kenny Juarez (Media), 212-458-8352
kenny.juarez@aig.com
or
Linda
Malamut (Media), 310-772-6533
linda.malamut@aig.com
Source: VALIC
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