The product enables members to evaluate their retirement portfolio and provides recommendations to help members reach their personal retirement goals. USAA will use AdviceAmerica’s forecasting models, cash flow and advice engine technologies, in concert with its proprietary portfolio allocation and investment product recommendations to offer its members a detailed solution and personalized experience to different member segments.
According to the announcement, the tool will help members better define their retirement goals and determine if they are on track to meet them by comparing their current portfolio against USAA’s model portfolio based on the individual’s risk tolerance. Members also can take action to help balance their portfolio to a more comprehensive mix designed to be commensurate with their risk profile.“Our goal is to help every member plan for their future, regardless of where they are on their journey to retirement, and teaming up with Fiserv will allow us to offer easy-to-use, interactive financial planning tools that members can use anywhere, anytime,” said Dan McNamara, president of USAA Investment Management Company, in the announcement. “The combination of online tools and access to free advice from our financial advisors will give members the information they need to plan for the retirement they really want.”