According to reports, the partnership will help advisors better meet the evolving needs of their clients by offering multi-solution modeling and more efficient planning tools.
RightCapital’s platform now features a new “annuity easy button,” which streamlines the modeling process for advisors as they build protected retirement income plans. This partnership complements Prudential’s ongoing efforts to strengthen its digital footprint in the financial advisory space.
Prudential has been working with other key platforms, including Envestnet MoneyGuide® since 2023, and is also collaborating with eMoney® to introduce new enhancements and reporting capabilities in the near future.
Speaking about the new partnership, Dan Gutman, vice president of the Prudential Retirement Strategies Future Growth Initiatives team and co-chair of the Insured Retirement Institute’s (IRI) Financial Planning Committee said: “Adding protected growth and lifetime income strategies to these leading financial planning tools can help advisors generate more secure financial outcomes for current and future retirees. This work will help advisors appreciate the importance of decumulation, moving beyond just basic Monte Carlo simulations to ensure that protected retirement income is a core element of every smart, holistic financial plan.”
“Financial advisor planning tools are evolving at a record pace to meet the demands of a changing retirement landscape,” said Ann Nanda, head of Future Growth Initiatives and Distribution Enablement at Prudential Retirement Strategies.
She added: “It’s important that we continue to work with leading financial platforms to enhance the advisor experience, so they have the necessary tools to help more retirees protect their life’s work.”
