BOSTON, MA, January 19, 2010 With financial advisors seeking a comprehensive view of all assets in a household so better results can be produced for clients often called a unified managed household (UMH) two leaders in delivering UMH capabilities, Albridge Solutions, a PNC Company and LifeYield, LLC, have partnered, LifeYield, LLC announced today.
Albridge provides wealth management services for financial advisors, which deliver an accurate, single view of all their clients' assets. Albridge consolidates client account data from hundreds of disparate sources proprietary, banking, brokerage, insurance, retirement, alternatives, trusts, etc. making it the industry's most scalable and reliable enterprise wealth management solution.
LifeYield suggests the most tax efficient trades to grow and withdraw assets across an entire household, including all taxable and tax advantaged accounts, while automating many time consuming tasks and maintaining desired asset allocations. Ernst & Young's independent research found that LifeYield ROI can produce up to 20% more after tax income throughout a retirement period.
"This is a great match," said Mark Hoffman, CEO and Founder of LifeYield, LLC. "Albridge leads the industry with its ability to simply gather household data so advisors can act on it. LifeYield provides the tool that delivers a better investment outcome for the investor and the advisor leading up to and after retirement has begun. With our Albridge partnership we remove data integration issues and become a turnkey solution for broker/dealers."
An account consolidation leader in the independent broker/dealer community, Albridge provides services to a significant number of the top firms and financial advisors. Cerulli & Associates says the independent broker/dealer segment is the fastest growing segment of the U.S. advisor sector and will control more than 40% of U.S. investible assets by 2013. LifeYield will work with Albridge client firms to provide services that will produce more accumulated assets and income in retirement by minimizing taxes and maintaining the desired household asset allocation.
LifeYield builds software solutions for advisors to increase investment returns and income distributions. A web-based, unified managed household (UMH) solution, LifeYield ROI suggests the most tax efficient sequence to grow and withdraw assets across multiple taxable and tax advantaged accounts while automating time consuming tasks. The company's mission is to provide financial advisors, including trust officers, brokers, and wealth managers, with leading edge solutions for generating an enhanced and sustainable outcome during the accumulation and de-cumulation phases of an investor's lifetime. For more information, please visit: www.lifeyield.com.
"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
Jefferies Selects LifeYield ROI for its Full Service Wealth Management Platform
February 1, 2010 | More »
Account Consolidation Leader, Albridge Solutions, Partners with LifeYield, LLC
January 19, 2010 | More »
LifeYield Hires Martin Cowley as Executive Vice President, Product Development
December 14, 2009 | More »