Blackrock has rolled out a new interactive tool for advisers to help clients reach their financial goals.
Dubbed as BlackRock Plan for Income, the tool delivers advisors a set of tools and conversation starters to build a personalized action plan for clients to assist them for making an income investment plan.
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Backed by the online Income Navigator, the toolkit will enable advisors to assist consumer’s pin-point big life events by using its range of income funds.
Additionally, the toolkit also features a product finder for consumers and advisers, which includes a blend of passive and active BlackRock products.
The tool provides clients with an idea of how much money they will need to save and the routes they can take to invest the amount.
The tool, which has been launched in Italy and Germany, will soon be available to investors in France.
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By GlobalDataAlex Hoctor-Duncan, head of EMEA retail at Blackrock, said: "The plan was created to provide a stepping stone to help advisers and consumers put an action plan in place to reach their goals and invest sufficiently for the future.
"Given the low yields on offer now, we hope this new tool will enable savers to become investors," he added.
Jeremy Roberts, head of UK retail sales at Blackrock, said: "Does a client with £20 000 to invest care about beating a notional benchmark? No, they want to be safe in the knowledge that their goal will be met, whatever that goal is."
