Fiserv Launches Online Retirement Illustrator Tool

Fiserv announced Monday a new Web-based tool called Retirement Illustrator, a interactive retirement income planning tool for its affiliated advisors that uses Monte Carlo simulation to forecast the range of performance outcomes of a retirement portfolio.

In a statement, Cheryl Nash, president of Fiserv’s Investment Services unit, said the Web-based Retirement Illustrator “boasts support for the front-office component of the Fiserv convergence strategy,” which is meant to provide integrated front-to-back-office technology solutions for its clients, which include banks and trust companies, credit unions and many other verticals, and on its UMH-rich wealth management platform. Retirement Illustrator provides advisors with “a powerful way to illustrate real-life scenarios and the impact on an investor’s retirement plan,” Nash said in the statement, “in a simple, easy to understand manner.”