Retirement planning software developer RetireReady Solutions has joined forces with Fi360, a provider of fiduciary-related education and technology for retirement plan advisors.
On Monday, the two organizations announced a preferred relationship that will provide additional products and services to their shared clients.
“I am very excited about this relationship,” Edward Dressel, president of RetireReady Solutions, said in a statement. “We and Fi360 aim to improve participant outcomes and advance the retirement plan advisory industry, and this new relationship reflects and enhances our shared focus.”
Current users of RetireReady’s TRAK and TRAK-Online software will receive special pricing for Fi360’s Fiduciary Focus Toolkit and Toolkit for Advisors.
“Our new relationship will provide plan advisors with innovative technology and educational resources to better serve plan participants,” Dressel added. “We are proud to partner with Fi360 and pleased that our customers will have the opportunity to further grow in their role as plan fiduciaries using Fi360’s excellent resources.”
It’s the second such announcement for Fi360 in as many weeks.
The Pittsburgh-based firm said earlier in April that it’s also joined forces with 55ip, a firm that enables advisors to custom-build investment strategies.
The combination gives registered investment advisors and wealth managers the ability to deliver better outcomes for their clients, with fiduciary monitoring built-in.
The 55ip platform helps advisors and wealth managers to efficiently design and manage intelligent, custom and automated strategies for clients who seek to address the frictions that get in the way of client outcomes, such as high fees, extreme losses, taxes, and time.
“In today’s rapidly evolving regulatory landscape, fiduciary monitoring is critical for advisors to stay competitive and grow their practices,” added Paul Gamble, chief executive officer of 55ip. “Fiduciary advice and investment monitoring should not exist in silos. Our relationship with Fi360 will enhance our ability to bring best-in-class, custom investment strategies to the hands of advisors who want to build or amplify their clients’ portfolios in a fiduciary-minded way.”
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
