Merrill Lynch Wealth Management has rolled out its latest technology-driven set of retirement tools to enable advisers to figure out goals-based financial planning for their clients.
Called Merrill Lynch Clear, the technology comprises interactive iPad apps for advisors to explore priorities and goals-based investment strategies for their clients.
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The new approach is based on seven distinct life priorities such as health, family, finance, leisure, home, giving and work, which links the financial aspects of life in retirement.
"Retirement today is a totally different experience," said Andy Sieg, head of Global Wealth and Retirement Solutions for Bank of America Merrill Lynch.
"Baby boomers are living later life in ways no other generation has. This requires a bold new approach to helping people think about their lives in a comprehensive way, explore opportunities and challenges, and seek peace of mind."
A series of Discovery apps offers investors with personalized exercises, as well as brief educational materials, questionnaires and illustrations to enable retirees to better understand priorities and allocate resources based on personal goals and circumstances.
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By GlobalDataDavid Tyrie, head of Retirement and Personal Wealth Solutions for Bank of America Merrill Lynch commented, "Merrill Lynch Clear is designed to help people face these challenges in a confident manner, reduce uncertainties, and make complex conversations and decisions easier."
