Income Lab Carves Out ‘Life Hub’ One-Pager as Separate, Cheaper Tool
The interactive tool gives clients a “visualization” of their financial lives on one page, and now doesn’t require advisors subscribe to the larger Income Lab platform.
By Rob Burgess
Denver-based retirement management software provider Income Lab said advisors can now subscribe to their “Life Hub” financial visualization tool without signing up for the company’s entire retirement planning platform. The announcement was released at the Technology Tools for Today (T3) Conference, which takes place this week in Las Vegas. In June 2022, Income Lab introduced Life Hub, an interactive tool for financial advisors used to give clients a “one-page visualization” of their financial life, including specific details around income, assets, expenses and debt. Income Lab’s cloud-based, white-labeled software most recently was made available on Osaic ’s advisor platform, a spokeswoman said, but declined to say how many advisors are using the software. The firm has integrations with Schwab, Fidelity and Altruist, according to the company’s website. Income Lab is one of several providers arming advisors with tools to help clients with their financial plans and solve the so-called “retirement income” problem. They help advisors create “maximized” retirement income plans for clients through combinations of fine-tuning asset allocations across accounts, plotting drawdown strategies in retirement, and making better use of tax
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