John Hancock Financial Network, Boston, Mass., has added tools to Retirement Ready, a retirement income program that helps financial professionals develop a strategy to maximize client’s sustainable retirement and minimize risks.
Launched last fall, the program boasts a product allocation analysis tool, sales materials and a dedicated support team. The program upgrade includes software tools that facilitate discussion and evaluation of legacy planning options; enhanced, client-specific investment growth rate flexibility; and additional product comparison tools.
The program’s core component is RSQ Analyzer, an income planning tool that leverages a methodology developed by Moshe Milevsky, president of Toronto-based QWeMA Group Inc. The tool determines a client’s product allocation and provides a Retirement Sustainability Quotient (RSQ) reflecting the relative likelihood that a client’s portfolio will generate the income desired.