In this episode of the Complete Advisor Podcast, guests Wade Pfau and Alex Murguia introduce the Retirement Income Style Awareness (RISA) framework, a program designed to help financial advisors understand clients’ preferences for sourcing retirement income.
During our discussion, we talk about:
The shift from a traditional investments-only approach to retirement planning to a more comprehensive strategy that considers annuities and other contractual protection methods.
Biases in the financial industry, in particular, the prevalent focus on model portfolios as a product.
The changing landscape of financial advising, with advisors moving towards holistic planning, incorporating behavioral and psychological aspects alongside financial expertise.
