Firm introduces new approach to help clients close to retirement
and those in retirement feel more confident about all aspects of their
financial future
MINNEAPOLIS--(BUSINESS WIRE)--
Ameriprise Financial (NYSE: AMP) today announces the launch of its
exclusive Confident Retirement® approach. This major
new initiative, which is being introduced to the firm's financial
advisors, pairs a strong framework with easy-to-use technology to help
inspire an ongoing dialogue between clients and their advisors. The
process leads clients to an understanding of their retirement needs
based on their individual dreams and goals, and helps advisors figure
out how to utilize their assets in retirement to help them achieve their
expectations.
“We’ve developed a way to help pre-retirees and retirees truly engage in
an ongoing conversation about what and how they need to prepare for
retirement,” said Kim Sharan, president of financial planning and wealth
strategies at Ameriprise Financial. “Confident Retirement makes
it possible for clients to define their retirement plans and get a clear
understanding of how they will fund them. It also prompts clients and
advisors to discuss potential retirement needs that they may not have
yet considered.”
The Confident Retirement approach concentrates on four
fundamental areas that advisors can address with their clients to help
them feel more confident about their retirement. The four areas are:
Covering Essentials, Ensuring a Lifestyle, Preparing for the Unexpected,
and Leaving a Legacy.
This approach takes into account each of these goals in a simple,
structured way to assess and determine solutions to help meet clients’
needs and goals. These areas are addressed individually, and over time
advisors and clients can track their progress and adjust their strategy
as their financial situation changes. By following this process,
advisors gain a deeper understanding of their clients, and clients
become more engaged and involved in building the retirement they want.
“The response from our advisors who have adopted this framework and
their clients has been tremendous,” says Pat O’Connell, executive vice
president of the Ameriprise Advisor Group. “As more begin to utilize the Confident
Retirement approach, we anticipate it will make a big impact on the
level of confidence our clients have about their retirement. In
uncertain economic times, having a simple yet detailed plan in place can
make all the difference.”
The need for a framework like the Confident Retirement approach
is made evident by numerous research studies that show a majority of
Americans may not be financially prepared for their retirement. Recent
research revealed in the Retirement Check-In® survey
found that on average, Americans nearing retirement report a gap of
nearly $200,000 between what they have saved for retirement and what
they believe they will need to live comfortably in retirement. The same
survey shows that many Americans also lack confidence about being able
to cover the essential expenses in retirement such as housing, food and
taxes.
For more information about Ameriprise or the Confident Retirement approach,
visit Ameriprise.com.
About Ameriprise Financial
At Ameriprise Financial, we have been helping people feel confident
about their financial future for over 115 years. With outstanding asset
management, advisory and insurance capabilities and a nationwide network
of approximately 10,000 financial advisors, we have the strength and
expertise to serve the full range of individual and institutional
investors' financial needs. For more information, or to find an
Ameriprise financial advisor, visit ameriprise.com.
The Retirement Check-in® survey was commissioned by
Ameriprise Financial, Inc. and conducted by telephone by Koski Research
in November 2012. Respondents included 1,000 employed Americans age
50-70 with $100,000 or more in retirement funds and/or investable assets.
Confident Retirement is not a guarantee of future financial results.
Brokerage, investment and financial advisory services are made available
through Ameriprise Financial Services, Inc. Member FINRA and SIPC.
© 2013 Ameriprise Financial, Inc. All rights reserved.
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Ameriprise Financial
Chris Reese, 612-678-5410
Media Relations
Chris.L.Reese@ampf.com
Meghan
Mumm, 612-671-0823
Media Relations
Meghan.L.Mumm@ampf.com
Source: Ameriprise Financial