Income Laboratory, Inc. has announced an upgraded integration between Income Lab and Schwab Advisor Services.
The new integration allows advisors using Income Lab to access their client information from Schwab Advisor Center via a new real-time API connection. Advisors can access client profiles and account details from within Income Lab to build retirement plans and keep them up to date.
“We are proud to have Income Lab as a participant in the Schwab Advisor Services Third-Party Integration program. Their innovation has allowed advisors to digitally deliver an experience that best supports their clients and continues to drive firm growth. The ability to quickly include account balances and details within Income Lab are the type of functionality that advisors continually tell us they need to effectively and efficiently serve clients,” said Alison Dooher, head of Schwab Digital Advisor Solutions.
“At Income Lab, we are laser-focused on revolutionizing retirement and empowering advisors who carry out this mission every day,” said Johnny Poulsen, co-founder and CEO of Income Lab. “By making retirement planning faster and more efficient, we streamline advisors’ processes, giving them more time to serve more people. It’s been exciting to collaborate with an integration partner that shares our commitment to the advisor community and the people they serve. Modern advisors need modern tools to stay ahead of the curve and provide the best possible guidance for their clients’ evolving needs.”
Income Lab users can enable the integration while logged into their Income Lab account by clicking the Charles Schwab integration icon in the Integrations window. Within a minute or two of activation, the information related to the households and accounts they manage will be available to select and create an Income Lab retirement plan. Once selected, Income Lab prepopulates the plan with data points related to that account.
Those interested in learning more about the new integration can sign up for Schwab’s upcoming webinar on May 1, 2025, at 2 pm ET. Registration information can be found here.
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.