SEATTLE--(BUSINESS WIRE)--

Global asset manager Russell Investments has launched the Russell Retirement Lifestyle Solution, a planning and investment program designed to help build a portfolio specifically for retirement goals. Available only through financial advisors, the program features an adaptive investment model strategy that aims to maintain a suitable clients funded status above 100% in retirement. The three-pronged framework easily leveraged and scalable for the advisor targets the primary concerns of many of their clients, that is, consistent income (reliability), not running out of money (sustainability) and maintaining control of their assets (flexibility).

The new program is initially available through two established partners Cambridge Investment Research and Lincoln Investment Planning and some of Russells largest clients in the Registered Investment Advisor channel.

Advisors are preparing for a sea change in their practices. Clients need more from them more time, more advice, more reassurance they are on track with their savings, and more personalized portfolios, said Sandy Cavanaugh, CEO for Russells advisor-sold business. Advisors know there isnt a magic bullet, but arent completely satisfied with the retirement income options available to them currently. They want to be sure they have the right tools to meet clients needs, while also managing their own practices efficiently and productively. Given this, we think advisors are going to find the Russell Retirement Lifestyle Solution to be a unique and valuable program that will help them navigate the retirement process, deliver a customized solution and provide ongoing support to their clients.

The three-pronged approach

The Retirement Lifestyle Solution consists of:

"Many of our independent advisors strive to provide their clients with financial plans and solutions that lead up to and through retirement, and this is important as clients consider how to plan their retirement spending and make their assets last, said Bobbi Martin, First VP, Marketing, at Cambridge Investment Research. Russells solution serves that effort well and provides advisors with a comprehensive support program to help them engage clients in meaningful, productive conversations on these vital questions.

In developing the Russell Retirement Lifestyle Solution, Russell leveraged proprietary research focused on advisors and their clients, in addition to leveraging its more than 40 years experience applying strategic market insights, global money manager research and rigorous investment processes to create and implement multi-asset portfolios for some of the largest institutional investors.

Investors need and want help managing their retirement assets. Our new offering and related resources aim to help advisors be more relevant, realistic and responsive to their clients, said Tim Noonan, director, Capital Markets Insights for Russells advisor-sold business. Reengaging investors around retirement planning is key in helping individuals avoid the scenario they fear most: running out of money before running out of life. The Russell Retirement Lifestyle Solution is an important element of Russells efforts to help advisors reengage their clients.

Central to the planning process is Russells Adaptive Investing approach to help manage the risk of an investor outliving their assets, which starts by evaluating whether the investor is sufficiently funded to meet their desired lifestyle in retirement. By measuring and managing the clients funded ratio (or ratio of assets to liabilities), an advisor can help answer their clients three key questions: How much can I spend? Will my money last? Am I on track?

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Russell Launches Retirement Lifestyle Solution