WealthConductor LLC has completed an integration that will make an important impact for advisors and firms who use IncomeConductor®, WealthConductor’s next-generation retirement income tool. The platform can now be fed with data from BNY Mellon’s Albridge, an award-winning data aggregation and performance reporting solution upon request. The full Albridge Partner Network Technology Providers list be found here.
WealthConductor LLC, which launched in 2017, offers a retirement income planning solution, that uses an innovative time-segmented strategy developed by co-founder and nationally recognized retirement income expert, Phil Lubinski CFP®. IncomeConductor provides financial professionals the ability to create customized plans for their clients, implement with products of their choice, and track and manage those plans efficiently and compliantly throughout long retirement horizons. Advisors have the ability to pull in daily account and position values regardless of location through direct and open architecture integration options, providing daily plan performance, segment analytics and automated alerts that help advisors protect their clients’ income.
Albridge offers complete access to holdings information, regardless of the custody provider, in one place. This integration, through the Albridge Applink service and Albridge File Delivery, means that firms can access a single source of quality-checked data to help deliver a more comprehensive solution.
“The integration with Albridge to improve the data that feeds each client’s retirement income plan is a great step forward for us,” says Sheryl O’Connor, CEO and co-founder of WealthConductor LLC. “Our focus has been to provide clients with an intuitive solution and advisors with the efficiencies they need to grow their business. Many of our customer firms utilize reporting through Albridge; this integration will allow our advisors to easily connect their clients’ underlying accounts into IncomeConductor to facilitate that growth.”
The integration is now available to mutual clients upon request.
About WealthConductor LLC
With over 60 years’ combined experience in retirement income, asset management and technology innovation, co-founders Sheryl O’Connor, Phil Lubinski, CFP®, and Tom O’Connor understand the needs of retirees, advisors and their firms. Founded in 2017, WealthConductor LLC’s IncomeConductor platform is built on a novel income distribution strategy called Time Segmentation and delivers an intuitive solution for financial advisors to serve the largest cohort of retirees in history. Research shows time segmentation provides superior client behavior management, avoiding self-destructive financial decisions. The platform gives advisors the ability to create, track, and manage income plans efficiently and effectively, protecting the client’s income throughout retirement. As [art part of their subscription, advisors also receive training, case consultation support, sales and marketing collateral, historical analytics that inform reasonable rate of return assumptions, and white label branding.
About BNY Mellon’s Albridge
BNY Mellon’s Albridge Solutions, Inc. is a leading provider of enterprise data management solutions that deliver a single view of an investor’s broad range of assets. Our proprietary technology consolidates and reconciles client account and transaction data from hundreds of data sources representing banking, brokerage, insurance, retirement, managed accounts and more. Albridge processes this cleansed data and uses it to power a variety of downstream technology solutions, including performance reporting, sales practice monitoring, data warehousing, business intelligence, imaging and workflow. Albridge provides the foundation for financial organizations to leverage a single source of information to power a number of mission critical technology applications. Albridge Solutions Inc. is an affiliate of Pershing LLC. Additional information is available at albridge.com.