Fidelity’s new retirement income tool, the Fidelity Retirement Income Evaluator, has a neat feature. It incorporates Monte Carlo software so an advisor can illustrate to a client the probabilities that a given retirement distribution plan won’t exhaust the client’s nest egg over a given period of time. A neat feature, yes, but the really cool thing for advisors is that they can click a button on the Evaluator and view the expected performance of the portfolio over those 20 or 30 years, and see the assumed tax rate, and the assumed inflation rate in actual dollars over all those years. Icon Funds, the mutual fund company out of Denver, has been running an advertising campaign in this magazine and others whose theme is “Strength in Numbers: Quantitative. Value-Based. Show Me the Numbers.” That’s smart, because like Fidelity’s income tool, Icon’s ads reflect an understanding of the way an advisor’s mind works. He wants to see the numbers. She’s from Missouri: Show her.
When it comes to producing numbers on the advisor community–whether it’s RIAs or broker/dealer reps–the firm that’s at the top of the list is Moss Adams, the Seattle-based accounting and consulting firm that has just released the 13th edition of its Studies of advisory firms.