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Sheryl O’Connor is.the CEO and Founder of IncomeConductor. IncomeConductor is a proprietary, cloud-based tool that allows advisors, firms and individuals to create customized, time-segmented income plans that can be easily tracked and managed throughout retirement .
Live from our fall Advisorpedia Podcast Pop-Up in New York City, Doug and Sheryl discuss what advisors should be doing to help individuals plan for a successful retirement and how the IncomeConductor tools can assist them.
They also discussed:
- The major challenges faced by the financial services industry, specifically regarding retirement income planning
- Advisors falling into the trap of becoming excited about the accumulation phase of investing, then eventually losing interest by the decumulation phase
- The difference between todays retirees, the baby boomers, and their parent’s generation
- How IncomeConductor meets the needs of today’s retirees versus traditional financial planning tools
- Advisors reluctancy to provide their clients insurance products and why that is
- The huge opportunity to help retirees be successful in retirement and the lack of help for advisors that IncomeConductor saw and pursued
Resources: IncomeConductor
Related: Building a Team of Shareholders: Fostering Collaboration and Wealth Creation with Jim Gold