Enhanced solution is the only time-segmented
income planning tool in the market with an advanced tax overlay
PHOENIX, July 15,
2024 /PRNewswire/ -- Osaic, Inc. ("Osaic"), one of
the nation's largest providers of wealth management solutions, in
partnership with IncomeConductor®, today announced the availability
of NextPhase Pro and NextPhase Plus, enhanced versions of its
retirement income planning tool, NextPhase. The NextPhase platform
calculates easy to read, personalized retirement income plans based
on simple user input.
Approximately 600 advisors currently use NextPhase Original with
their clients, with more than $4
billion in retirement assets planned though the platform
each year. NextPhase Plus will offer advisors and their clients the
automatic retirement income plan calculations provided by the
original NextPhase platform, as well as advanced features including
social security optimization and derisking alerts.
NextPhase Pro will offer the same features as NextPhase and
NextPhase Plus, with added Roth conversion modeling, required
minimum distribution ("RMD") projections and tax overlay, making it
the first and only time-segmented income planning tool in the
market with advanced tax overlay. NextPhase Pro will also uniquely
provide personalized health care cost projections and calculate
income-related monthly adjusted ("IRMAA") surcharges to Medicare
premiums.
"The expanded NextPhase offering is reflective of Osaic's
commitment to providing innovative wealth solutions to our network
of financial professionals, allowing them to help clients better
understand the longevity of their retirement income," said
Kristen Kimmell, Executive Vice
President, Business Development at Osaic. "As inflation and high
interest rates continue to impact the financial markets, the
NextPhase product suite positions financial professionals to help
their clients mitigate risk and offer predictability for those
entering the retirement stage."
NextPhase Pro and NextPhase Plus will be available to all
Osaic-affiliated financial professionals on a subscription basis.
In addition to offering the software, Osaic's Retirement Income
Consulting team supports NextPhase subscribers with building and
analyzing client cases, uncovering planning opportunities and
providing recommendations for implementation.
About Osaic
Osaic, Inc. ("Osaic"), a portfolio company
of Reverence Capital Partners, is one of the nation's largest
providers of wealth management strategies, supporting approximately
11,600 financial professionals. Our mission is to support the
strategic role that financial professionals can play in the lives
of their clients. Cultivating a spirit of entrepreneurship and
independence, Osaic champions the enduring value of financial
professionals. For more information, visit www.osaic.com
Securities and investment advisory services are offered through
the firms: Osaic Wealth, Inc., Osaic Institutions, Inc., Osaic FA,
Inc., Osaic FS, Inc., and Triad Advisors, LLC, broker-dealers,
registered investment advisers, and members of FINRA and SIPC.
Securities are offered through Securities America, Inc., American
Portfolios Financial Services, Inc., Osaic Services Inc., and
Ladenburg Thalmann & Co., broker-dealers and member of FINRA
and SIPC. Advisory services are offered through Arbor Point
Advisors, LLC, American Portfolios Advisors, Inc., Ladenburg
Thalmann Asset Management, Inc., Osaic Advisory Services, LLC, and
Securities America Advisors, Inc., registered investment advisers.
Advisory programs offered by Osaic Wealth, Inc., Securities America
Advisors, Inc., and Triad Advisors, LLC., are sponsored by
VISION2020 Wealth Management Corp., an affiliated registered
investment adviser.
Media Inquiries
Prosek Partners for Osaic
pro-Osaic@prosek.com
646-818-9038
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SOURCE Osaic