DPL has long believed that advisors need a tool to help them understand clients’ retirement concerns and, specifically, their risk tolerance for income (as opposed to their tolerance for investment risk during accumulation).
Now, retirement researchers Wade Pfau and Alex Murguia have created that tool—the Retirement Income Style Awareness (“RISA”). The RISA provides a framework for identifying an individual’s retirement income style, enabling advisors to build income strategies that align with clients’ unique preferences and needs.
We are delighted that you are joining us for the initial rollout of the RISA as a value-added tool, available at no cost, for DPL Members. In this DPL+RISA kick-off webinar, Wade Pfau, Alex Murguia and DPL’s Tim Rembowski will take you through:
- RISA’s research-backed, customizable framework for identifying individual retirement income personalities
- How building retirement strategies around personal preferences helps clients stick with their plan
- How to access RISA through your DPL dashboard
- How RISA and DPL will support you as you use this tool with clients
Featured Speakers
Tim Rembowski is well-versed in how insurance can work for fee-based advisors. Tim is passionate about helping RIAs understand and leverage new commission-free insurance products as an investment asset for their clients. Before joining DPL Financial Partners, Tim worked in the RIA channel for four years distributing product for a national distributor. He holds his Series 6, Series 63 and Kentucky Life Insurance License.
Wade is a one-man think tank. Wade’s retirement income framework was the base that helped Alex Murguia build out the RISA . He is the Professor of Retirement Income at The American College of Financial Services, a higher education institution for financial planners. He leads the curriculum for their Retirement Income Certified Professional designation (RICP ). He is also a partner at McLean Asset Management and Retirement Researcher. He earned a Ph.D. in economics from Princeton University in 2003 and became a CFA charter holder in 2011. Wade regularly publishes his research on retirement income topics in leading peer-reviewed and practitioner-based financial planning research journals.
Alex Murguia, Ph.D. graduated from George Washington University with a doctorate in Clinical Psychology. During this time, he focused his research efforts on psychometrics and was a research fellow for the National Institutes of Health. He created a questionnaire to assess how your health beliefs affect how you utilize medical services. It was well-received and set Alex up for an academic career.
Upon graduating, Alex's research interests evolved to investments, and he sought a formal career in the financial industry. Staying true to his scientist-practitioner mindset, Alex joined McLean Asset Management and was able to publish a number of articles, and one went on to win a fancy award too! He also founded a financial planning software company to better serve the industry and our underlying clients.
Never one to sit still for very long, Alex became extremely disillusioned by the lack of assessment tools used in our profession that can help individuals determine their best path for retirement success.
He took Wade Pfau’s framework for Retirement Income Planning and sought to quantify these concepts into a workable retirement income model. With the help of the Retirement Researcher community, they conducted a hugely successful investigation that delivered the RISA right to your desktop (or mobile platform if that’s more your speed).
DPL + RISA: Delivering Better Outcomes For Clients and Firms