Industry Thought Leader, Len Reinhart, Joins LifeYield, LLC Advisory Board
BOSTON, February 19, 2009 – LifeYield, LLC, a retirement income solution technology provider to retail money management platforms and financial advisors, today announced that Len Reinhart has joined the firm's advisory board.
LifeYield has created a first of its kind, tax-smart retirement income software program – the LifeYield Retirement Optimized Income™ (LifeYield ROI™) Solution, which helps financial advisors provide clients more income and streamlines the retirement income generation process from a household portfolio of taxable and tax-qualified accounts by minimizing taxes and controlling risk.
Over his distinguished career spanning 30 years, Mr. Reinhart was the President and founder of the Lockwood companies and a Managing Director and member of the Executive Committee of Pershing LLC, before retiring a year ago. Lockwood provides an investment consulting platform to independent financial advisors and broker/dealers. Prior to founding Lockwood in 1997, Mr. Reinhart was President of the Consulting Group of Smith Barney, the firm's investment management consulting division. Recognized as one of the founders of the separately managed account industry, Mr. Reinhart helped create the Money Management Institute (MMI) and served as Chairman of the Board of Governors. He also serves on the Advisory Board of the Institute of Investment Management Consultants.
"LifeYield has created the missing piece that investors and advisors need to make it easier to provide a higher and more predictable level retirement income," said Mr. Reinhart. "The LifeYield ROI ™ is a breakthrough retirement income innovation which helps produce better after tax income for clients while it increases advisor productivity and effectiveness. I am excited to be associated with people who are ahead of the curve."
"Len has consistently been on the leading edge of new innovations that help advisors help investors achieve their goals," said Mark W. Hoffman, Chairman, CEO, and Co-Founder of LifeYield. "His experience, perspective and insight will make him an invaluable contributor to our retirement income optimization offerings as a member of our advisory board. We are honored he would choose to be both an investor and advisor to our team."
About LifeYield
LifeYield, LLC provides retirement income solutions that help automate the time-consuming process financial advisors must repeatedly go through in selecting which of a client's assets to sell in providing a steady, recurring income. The company's mission is to provide financial advisors with cutting edge solutions for generating sustainable income from a client's portfolio. Headquartered in Boston, LifeYield was founded, and is managed, by industry veterans Mark W. Hoffman, Paul R. Samuelson and Michael P. Benedek. For more information, please visit www.lifeyield.com.
LifeYield ROI™
What People Are Saying
"Our studies show top advisors spend 1-3 hours completing a comprehensive cash harvest; advisors observed the LifeYield ROI™ tool will do it within seconds and ensures consistency of process and outcome."
Warren Cormier, President, Boston Research Group and Co-Founder, Behavioral Finance Forum