January 31, 2017 – NEW YORK–(BUSINESS WIRE) Hanlon Investment Management (Hanlon) is offering BlackRock, Inc.’s (NYSE: BLK) iRetire® retirement investment framework to financial advisors and wealth managers on the Hanlon Wealth Advisor Platform, the company announced today. The iRetire platform provides advisors with tools and resources to let investors see where they stand when it comes to the number that really matters – annual retirement income – and take action to help their clients close the retirement income gap.
Hanlon offers asset management, technology, and practice management solutions to thousands of advisors nationwide. Hanlon’s Wealth Advisor Platform helps advisors manage virtually every aspect of their business, from portfolio accounting, reporting and marketing, to investment management and retirement planning.
With iRetire, Hanlon advisors can help clients save and invest for lifetime retirement income, guiding users in making informed decisions about getting or staying on track in their retirement plans. The iRetire platform draws on CoRI® methodology, the engine behind BlackRock’s innovative retirement income indexes, and the risk analytics of Aladdin®, BlackRock’s risk and enterprise investment system.
“Offering iRetire on the leading edge v10 Hanlon Wealth Advisor Platform is a significant differentiator for our advisors, allowing for enhanced retirement planning with clients,” said Sean Hanlon, Chairman, CEO, and Chief Investment Officer of Hanlon Investment Management. “Advisors can now initiate a substantial income-focused discussion with their clients and can better support them in adjusting behavior to help meet their retirement goals. The iRetire integration with our platform lets advisors implement these opportunities and immediately execute the BlackRock investment models. With the additional leverage of our technology offering, advisors can guide their clients through all phases of their life cycle.”
BlackRock launched the iRetire platform in November 2015 as part of its commitment to help reframe the retirement planning problem and provide new solutions using BlackRock’s proprietary technology and support. The platform lets advisors estimate how much income their clients’ current savings could provide annually in retirement and how changes in behavior (e.g., working longer, saving more, changing their investment strategy) could help close the income gap. Advisors can also use iRetire insights to build various portfolio scenarios for clients to consider based on their retirement income goals.
“We are thrilled to get iRetire in the hands of advisors in the Hanlon network, who now have direct access on their platform and can integrate it into their clients’ retirement planning,” said Frank Porcelli, Chairman of BlackRock’s US Wealth Advisory Business. “Planning for retirement income is an essential component of a financial plan, which is why we developed iRetire, to address that issue head-on so advisors can engage in more meaningful dialogue with clients and help keep their clients on track to and through retirement.”
Founded in 1999 by Sean Hanlon, CFP®, Hanlon has more than $2.2 billion of assets under management, distributed through thousands of financial planners and advisors. Hanlon serves the needs of over 20,000 individual investors, retirement plans, trusts and institutions. In 2012, Hanlon acquired Interactive Advisory Software (IAS) the only fully-integrated, cloud-based technology solution to operate a financial planning and wealth management practice. IAS powers the Hanlon Wealth Advisor Platform. IAS has relationships with 130 firms that are collectively advising on more than $40 billion in assets. For more information, visit Hanlon.com.
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At December 31, 2016, BlackRock’s AUM was $5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of December 31, 2016, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com | Twitter: @blackrock_news | Blog: www.blackrockblog.com | LinkedIn: blackrock
IMPORTANT: The projections or other information generated by the iRetire tool (the “tool”) regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
Any information contained in or generated by the tool should not be construed as or relied upon as investment advice, research or a recommendation by BlackRock Investments, LLC or any of its affiliates (collectively, “BlackRock”) regarding the use or suitability of any particular asset allocation, fund or overall investment strategy. BlackRock is not affiliated with Hanlon. The tool is designed to be used in consultation with an advisor and should not be relied on as a primary basis for an investment decision. Only an investor and his or her advisor know enough about the investor’s circumstances to make an informed investment decision.
The tool and BlackRock’s CoRI methodology do not guarantee future income or protect against loss of principal. There can be no assurance that an investment strategy based on the tool or BlackRock’s CoRI methodology will be successful. Any decision regarding whether and how to implement a portfolio is solely an advisor’s decision in consultation with the client.