Integration Gives Advisors Ability to Easily Import Client Data for Efficient Creation of Sustainable Retirement Plans
Timelineapp Tech Limited (Timeline), a fintech company that provides advisors with next-generation retirement income software, and Redtail Technology (Redtail), a leading provider of client relationship management (CRM) solutions for financial services firms, announced an integration that will enable advisors to seamlessly import client details, account holdings, and other important data from Redtail directly into Timeline.
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The integration will give Timeline users the ability to create retirement plans easily and efficiently by importing all of the client information and data already within the Redtail platform – completing 90% of the work involved in creating a retirement plan, eliminating the need for manual entry, saving advisors time and reducing human error. Once all data has been imported into Timeline, advisors can provide a viable withdrawal strategy by verifying the withdrawal success rate of a client’s portfolio over time, helping to create highly personalized and sustainable retirement plans for clients.
Advisors using Timeline’s withdrawal strategy software will be able to create robust retirement plans for their clients thanks to the ability to:
- Assess the sustainability of withdrawal from drawdown portfolios
- Show clients the impact of asset allocation decisions, rebalancing, fees, and taxes on the sustainability of their portfolio
- Create a Withdrawal Policy Statement in minutes
- Prepare clients for market declines up-front and how to deal with them
- Bring longevity risk to life – show clients the probability of outliving their portfolio
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“We’re very excited about our integration with Redtail, which is one of the leading CRM providers for advisors,” said Abraham Okusanya, CEO of Timeline. “The integration will eliminate the need for manual entry of client data, saving advisors time and helping to create comprehensive retirement plans for clients more efficiently than ever.”
“We’re very pleased to be integrating with Timeline, which gives advisors using Redtail the ability to easily create robust and sustainable retirement plans for their clients,” said Brian McLaughlin, CEO of Redtail. “We’re constantly innovating and enhancing the capabilities of the Redtail platform thanks to our partnerships with companies like Timeline.”
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