Retireup

RetireUp is a provider of retirement income planning software solutions that enables financial advisors to model and illustrate detailed retirement scenarios for their clients in real-time. The company's web-based platform focuses specifically on the distribution phase of retirement, featuring the ability to model various financial products including annuities, Social Security, pensions, and other assets. At the core of RetireUp's technology is its Income Stability Ratio feature, which visually displays the percentage of a retiree's income that will come from guaranteed sources through an intuitive dial interface. The platform transforms complex financial concepts into easy-to-understand visuals and graphics, allowing clients to become active participants in their retirement planning process. In June 2020, RetireUp was acquired by Tegra118, a wealth and asset management technology solutions provider, with the entire RetireUp team joining Tegra118 as part of the transaction. The platform has been integrated into multiple major financial institutions, with VALIC financial advisors alone creating over 44,000 personal retirement income financial plans since implementing RetireUp's technology in March 2017.

The software enables financial professionals to present retirement income strategies using actual products and model various scenarios including market sequence risk, inflation, healthcare expenses, and premature death. The platform features actuarial-level product modeling, data integration, and an automated forms system to streamline the planning process. Through its RetireUp Pro version, the company also provides straight-through-processing of annuity purchases and pre-filled forms functionality.

Key customers and partnerships

RetireUp has established partnerships with several major financial institutions and insurance carriers. The company partnered with VALIC (an AIG company) in March 2017 to launch Retirement Pathfinder, which was implemented across VALIC's network of financial advisors. The platform has integrated products from multiple insurance carriers including Allianz Life, American Equity, F&G Life, Great American, and Jackson National. As of 2018, RetireUp's technology was being used by over 50 independent broker-dealers and approximately 3,000 advisors. The company also formed a notable partnership with Questar Capital Corporation in 2015, providing its retirement income planning tool to their 700 registered representatives.