ING to Launch New Advisor Platform in Q4

Other key benefits and features of the platform are:

• The ability to fully aggregate information on client savings and personal finances, including retirement and credit card accounts, car payments, mortgages, life insurance and disability coverage through a personalized website;
• Innovative trading technology that handles unified managed account (UMA) and rep-directed turnkey services used by third-party money managers;
• The capacity to produce financial-planning reports that highlight household budgets, asset amounts, cash flow and other savings;
• The ability to upload and store documents such as wills, financial statements, tax returns and reports;
• Retirement-income analysis that can be adjusted to show outcomes based on changes in savings, age of retirement and number of years in retirement;
• Reminders that can be customized based on key events affecting clients and their assets; and
• Privacy features that let clients determine whether advisors should have the ability to view transactions on outside accounts, such as credit cards.

“As the need for financial advice continues to grow, tools that help to deepen relationships and accentuate a financial advisor’s value will be increasingly important,” said Andre Robinson, head of advisory business development at ING Financial Partners, in a statement.

“Our new platform will help to increase real-time collaboration with clients. Clients want a complete view of their financial picture at their fingertips, while advisors want tools that help them assess their clients’ financial situation and take action,” Robinson noted.

ING U.S. (VOYA),the American insurance entity of ING Group NV, is in the process of changing its name to Voya Financial in the near future. It completed its IPO in April and expects the name change to be complete by April 2016. The U.S. unit is led by former American International Group executive Rodney Martin.