Achaean Financial Announces Strategic Partnership With Envestnet

Retirement Outcome Will Be Integrated Into Envestnet's Wealth Management Platform to Create an End-to-End Retirement Income Planning and Reporting Solution

Jun 26, 2012, 09:00 ET from Achaean Financial

CHICAGO, June 26, 2012 /PRNewswire/ -- Achaean Financial ("Achaean"), a financial services firm committed to providing innovative ideas and tools for creating secure retirement solutions that benefit investors, financial advisors and insurance companies, today announced a strategic partnership with Envestnet, a leading provider of technology-based wealth management solutions for investment advisors. Through this strategic partnership, Achaean's retirement-advice software tool, Retirement Outcome, will be integrated into Envestnet's wealth management platform. While they can be used together today, the full integration is scheduled for November 2012.

Envestnet's clients will have access to Achaean's Retirement Outcome retirement-advice system, to assist in creating outcome-based proposals and reports for investors. Advisors can analyze a client's income needs before and during retirement using Retirement Outcome, which will then be incorporated into a proposal on the Envestnet platform, where advisors can select appropriate investment solutions in order to achieve the investor's goals. 

"Integrating Retirement Outcome into Envestnet's platform gives advisors a completely seamless system to make the most informed decisions for clients as they approach or enter retirement," said Mike Henkel, CEO of Achaean Solutions. "Sensible planning for retirement is one of the most pressing issues for investors. This partnership provides the most comprehensive solution for advisors and their clients to develop the investment strategies that meet their retirement-income needs."

Retirement Outcome is an advanced, open-architecture and fully customizable retirement planning tool designed to help investors and their advisors understand the tradeoffs they face in retirement and to create personalized solutions, including appropriate spending, overall portfolio risk and allocations to guaranteed-income products. Retirement Outcome takes information about a client's wealth, income needs and asset allocation to produce a personalized outcome report.  Each of the various investing and spending decisions can then be adjusted to help the client understand the tradeoffs they must make and how they are likely to impact income and wealth throughout retirement.

Through this new integration, once the investor and advisor develop a retirement plan using Retirement Outcome, the results can be added to a proposal on the Envestnet platform. Advisors can then select appropriate investment solutions as well as annuities available on the Envestnet platform, which are incorporated into their proposals and quarterly reports.

"Envestnet is committed to providing advisors with innovative solutions that meet the continually evolving needs of their clients," said Jud Bergman, Chairman and Chief Executive Officer of Envestnet. "Retirement Outcome further empowers advisors to provide expert financial planning and investment strategies for their clients at a time when they truly need and deserve expertise: as they approach retirement."

For more information about Achaean Financial, please contact Rachael Fisher-Layne of JCPR at 973-850-7318 or

About Achaean Financial
Based in Chicago, Achaean Financial is a financial services firm committed to providing innovative ideas and tools for creating secure retirement solutions that benefit insurance companies, financial advisors and investors. The company is uniquely positioned to capitalize on a supply-demand dislocation in the retirement income market by leveraging its retirement advice software platform, Retirement Outcome and its innovative income guarantee product, Income Plus+. These two products can be used independently but together provide a holistic solution for the largest opportunity in the financial services space: providing for retirement income peace of mind. For more information, visit

About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of technology-enabled wealth management solutions to investment advisors. Envestnet's AdvisorSuite® software empowers advisors to better manage client outcomes and strengthen their practice. Envestnet offers advanced portfolio solutions through its Portfolio Management Consultants Group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software. Envestnet | Prima provides institutional-quality research and due diligence on investment and fund managers. Envestnet | Vantage™ gives advisors an in-depth view of clients' investments, empowering them to give holistic, personalized advice.

For more information on Envestnet, please visit  

CONTACT:    Rachael Fisher-Layne JCPR 973-850-7318

SOURCE Achaean Financial