GuidedChoice expands retail offerings with retirement income advice

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GuidedSpending completes “full-spectrum” retail advisory service

Personalized Spending Guide

Personalized Spending Guide

This important step means that we now offer a complete investment advisory solution that's accessible to any investor, at any stage of life, and with any combination of available investment vehicles.

GuidedChoice, an industry leader in providing high-quality investment advice, planning tools, and managed account services to retirement plans and individuals, has announced an expansion of its offerings for the retail investor to include its GuidedSpending service. The move allows GuidedChoice to meet the full spectrum of financial needs that add up to a secure retirement – saving, investing, and spending – and to do so both inside and outside employer-sponsored retirement plans.

According to GuidedChoice CEO Sherrie Grabot, “providing the tools to make financial freedom possible for everyone has always been our goal. This important step means that we now offer a complete investment advisory solution that’s accessible to any investor, at any stage of life, and with any combination of available investment vehicles.”

Previously GuidedSpending has been available only to participants in qualified retirement plans. Built on the same analytics engine that runs the company’s flagship GuidedSavings retirement planning service, GuidedSpending gives retirees and near-retirees specific, actionable advice to turn their retirement savings into a predictable “retirement paycheck” that is optimized to deliver the greatest total income over a lifetime.

The service replaces the simplistic ‘4% rule’ still used by most advisors with a sophisticated, personalized approach based on proprietary financial modeling, which reflects the variable income and spending patterns of actual retirees. To accommodate the diverse asset mix that retirees typically rely on, it is designed to provide tax-efficient advice across a range of income sources, including spousal assets and Social Security benefits.

The company’s offerings also include retail and institutional versions of GuidedSavings (the latter with a managed account option), as well as the GuidedIRA managed account solution and free QuickAdvice service. “Taken together, our product suite is designed to guide the everyday investor through each stage of their retirement journey. We believe that it offers the most comprehensive advisory solution on the market today,” says Grabot.

The firm’s offerings are also among the most intensively personalized, she adds: “By accounting for both assets and spending needs at the level of the entire household, our approach recognizes that the financial concerns of real people are complex, interdependent, and last a lifetime.”

The introduction of the retail version of GuidedSpending coincides with a major revision of the company’s website, and is supported by invitation-only press events in Chicago and New York City. The new service is available at guidedchoice.com/guidedspending.

About GuidedChoice
GuidedChoice is an independent investment advisory firm specializing in investment advice, planning tools, managed account services, and strategic solutions for more than 7 million individual investors, institutional retirement plans, and financial advisors, including many of the largest defined contribution plans in the U.S. For more information, visit http://www.guidedchoice.com.

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Donna Lehman
@GuidedChoice
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