Retiremap 2.0 Released After 10 Month Collaboration with Duke University and Renowned Behavioral Economist

SAN FRANCISCO, September 8, 2016 — After an intensive 10 month product and research collaboration with Duke University’s Common Cents Lab, Retiremap is relaunching its financial wellness platform. The new vision for Retiremap 2.0 is based on a close collaboration with renowned behavioral economist, NY Times bestselling author, Wall Street Journal columnist and James B. Duke Professor of Behavioral Economics at Duke University, Dan Ariely.

To learn more about Retiremap 2.0 and the new research-backed platform, attend the launch webinar on Thursday, September 22nd at 11am Pacific:

http://RetiremapHQ.com/New

“We usually think that the best cure for bad financial decisions is financial literacy.  Just teach people, and all will be solved. Sadly this is not the case, and even worse, the evidence is that financial literacy’s effectiveness is close to zero.” said Professor Dan Ariely.  “What we need is a system that takes the complexity of financial decision making, breaks it into actionable components, and coaches us on taking one step at a time. This is what Retiremap is designed to do.”

“Retiremap 2.0 is much more than a financial wellness program- it is a technology platform that works to improve financial well-being using key insights from the field of behavioral economics.  We have created a personalized communications platform that coaches employees based on what research tells us works in real life,” said Matt Iverson, CEO at Retiremap.  “Retiremap 2.0 uses employees’ data to deeply personalize their path to financial wellness, while automating and scaling many of the most impactful aspects of advisor-employee interactions, including confidence-building, trust and the perception of value.  Additionally, in the situations where it makes sense, employees can easily connect live with their retirement plan advisor through any number of channels.”

Retiremap 2.0 will be made available to only a very limited group of retirement plan advisory firms.  The selection process will be announced on the September 22nd webinar. In additional to exclusive access to Retiremap 2.0, selected firms will be able to demonstrate financial wellness thought leadership with exclusive access to some of Duke and Retiremap’s key research findings.

RETIREMAP 2.0’S NEW BENEFITS

The Retiremap 2.0 platform empowers employers and advisors to deliver:

  • Personalized, automated financial wellness coaching covering a range of needs, including getting out of debt and buying a home

  • An easy and efficient way for employees to connect live with their plan advisors

  • A research-backed model for behavior change

  • Dramatically increased scale and efficiency

  • Unique strategies to boost financial confidence and close the intention-action gap

  • Just-in-time messaging via email, SMS, online and in-app, as well as through channels such as Facebook and Twitter

  • Real-time, plan sponsor level analytics and reporting

“There are no financial wellness programs that come anywhere close to what we’ve built with Duke’s Common Cents Lab and Professor Ariely,” said Iverson. “The combination of Retiremap 2.0’s automated technology and sophisticated use of behavioral economics results in a program to close the employee intention-action gap. Advisory firms that are invested in improving employees’ financial lives and growing through access to a unique, research-backed financial wellness program should attend Retiremap 2.0’s launch webinar.”

About Retiremap

Retiremap (RetiremapHQ.com) is a research-backed financial wellness platform designed with Duke University and renowned Professor Dan Ariely to help employees achieve their financial goals.  Unlike existing financial wellness solutions, Retiremap’s personalized, automated coaching platform leverages the presence of the plan advisor to get employees to save more.

 

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LPL Selects Retiremap as a Financial Wellness Solution

SAN FRANCISCO – August 14, 2015 –  LPL Financial has selected Retiremap for inclusion in its new Vendor Affinity Program*.  The Retiremap program, designed specifically for retirement plan advisors and their plan sponsor clients, expands upon the employee engagement and financial wellness solutions available to LPL advisors.

“We are excited to work with LPL and their retirement plan advisors to deliver the first financial wellness program created specifically to maximize advisor value with their plan sponsor clients,” said Matt Iverson, CEO and Founder for Retiremap.  “With a full-service program that makes plan advisors measurably more impactful, Retiremap’s unique engagement process combines today’s technology and behavioral economics to help employees achieve their financial goals.”

Based on research by leading behavioral economist and NY Times bestselling author, Dan Ariely, Retiremap engages employees and creates a personalized plan to help them achieve their financial goals.  Designed with retirement plan advisors in mind, Retiremap is a branded, turnkey program that both saves advisors time and increases revenue. For plan sponsors, Retiremap increases employee engagement and improves financial wellness, while reducing fiduciary liability.  For employees, Retiremap’s personalized program gets them financially on track, while also increasing plan enrollments and savings rates.

“We recognize that technology is a major contributor to creating increased efficiency and driving greater productivity in our clients’ businesses,” said Victor Fetter, LPL Financial managing director and chief information officer. “Being able to connect LPL clients with leading technology solution providers adds a new dimension to the level of service and support we can provide to clients to help them manage and grow their businesses.”

“What sets Retiremap apart is complete alignment with the plan advisor’s business model along with a service model where each advisory firm has their own Retiremap relationship manager,” said Iverson.  “Retiremap’s aspirational, holistic approach doesn’t just focus on consumer debt, but also encourages employees to save more in their retirement plan while accomplishing their financial goals.”

For retirement plan advisors working directly with employees, Retiremap facilitates deeper employee engagements through the fun goal-setting process, personalized emails and automated appointment setting.  Designed to increase plan advisor efficiency and deliver a highly personalized employee experience, Retiremap’s Advisor Management Interface allows advisors to review an employee’s financial goals and household profile prior to any interaction.

* The Vendor Affinity Program is a new initiative designed to help advisors reduce the complexity and costs of running their businesses. by offering a centralized repository of vendors that have agreed to provide their products and services to LPL advisors at discounted prices.

About Retiremap

Retiremap partners with retirement plan advisors and their plan sponsor clients to provide an award-winning financial wellness program that helps employees achieve their financial goals. Retiremap’s web and mobile software applications are based on research by leading behavioral economist and NY Times bestselling author, Dan Ariely, and drive positive changes in employee behavior, including higher savings rates and greater engagement in the retirement plan. Retiremap’s customized Plan For Your Future iPad workshops help employers drive the retirement plan concept in fresh new ways, while measuring plan advisors’ positive impact with employees. For more information, visit www.RetiremapHQ.com

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the financial advice market and serves $485 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation’s largest independent broker-dealer since 1996 (based on total revenues, Financial Planning magazine, June 1996-2015), is one of the fastest growing RIA custodians with $105 billion in retail assets served, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of March 31, 2015. In addition, LPL Financial supports approximately 4,300 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,352 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

Retiremap Hires Steve Rydzak to Head Advisor and Enterprise Sales

From: Retiremap
Contact: Matt Iverson
Telephone: (415) 250-6727

San Ramon, CA, December 2, 2014 – Retiremap today announced that Steve Rydzak, AIF®, will join the firm as senior vice president of sales for Retiremap. Rydzak will focus on advisor and enterprise sales by working closely with leading advisory firms, broker-dealers, fund companies and service providers.

“Plan advisors are increasingly looking to differentiate their services with financial wellness, while connecting retirement plans to wealth management,” said Matt Iverson, CEO. “We are dedicated to the advisor-sold retirement plan market and are leveraging Steve’s considerable experience in working with advisors, broker-dealers and fund companies to grow Retiremap’s footprint as an advisor-driven financial wellness platform.”

Rydzak will report to Iverson who leads overall company vision, technology and product strategy. In his new role, Rydzak will collaborate with Retiremap’s leadership team to provide aggressive growth strategies and identify approaches designed to meet advisors’ evolving needs.

“We’re looking to Steve to replicate the success he had in his previous position, by personally cultivating and managing the sales process for key clients, while building out a great sales team,” said Iverson. “We’re very excited to have him on board and feel that Steve’s passion, knowledge and relationships within the retirement plan industry will pay dividends.”

Prior to joining Retiremap, Rydzak served as senior vice president of sales at fi360 since 2007, responsible for spearheading the national business development efforts by working with the top mutual fund companies, as well as custodians, broker-dealers, banks, insurance companies, and RIAs. Prior to that, he worked extensively in technology application outsourcing and offshore development focused in the financial services industry. Rydzak began his career in sales in 1990, holds an AIF® and graduated from Robert Morris University.

Retiremap is an advisor-driven financial wellness platform that uses behavioral economics to pro-actively engage employees and measurably improve outcomes. The award-winning platform uses iPad workshops, emails and microsites to improve employee engagement (1) and saving behavior (2), while making plan advisors dramatically more efficient and impactful. For advisors interested in wealth management and rollover opportunities, Retiremap generates qualified conversations, with 58% of iPad workshop attendees requesting to speak with an advisor (3).

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(1) 97% of iPad workshop attendees feel the program is an excellent addition to their benefits package.

(2) 88% of employees decide to save more after completing the program.

(3) 15% of attendees have between $200,000-$500,000 in total savings, with 49% requesting to speak with an advisor. 6% of attendees have between $500,000-$1,000,000 in total savings, with 38% requesting to speak with an advisor.

Blue Prairie Group Uses Retiremap to 
Win Industry Award for Financial Wellness

Advisor-driven financial wellness program wins top industry award by measurably improving employee outcomes, while providing advisors with tools to be more impactful.

 

SAN FRANCISCO, September 24, 2014 — Leading ERISA retirement consulting firm Blue Prairie Group partnered with Retiremap to win a PSCA Signature Award with “High Distinction” for the Financial Wellness program it developed on behalf of a plan sponsor client.  The Signature Award was presented at the Plan Sponsor Council of America’s 67th Annual National Conference held in Miami, Florida.

 

2014 SIGNATURE AWARDS- Financial WellnessUsing Retiremap’s Plan For Your Future iPad workshops and working closely with the client, Blue Prairie Group education specialists achieved the following results for its client:

  • 61% of employees were engaged in the first month through iPad workshops
  • 42% of iWorkshop attendees decided to increase their deferral rate by an average of 5.7% of pay
  • 47% of iWorkshop attendees requested to talk with a Blue Prairie Group financial advisor
  • 15% of iWorkshop attendees expressed interest in auto-escalating their savings rates
  • 99% of employees completed the ten minute goal-setting process
  • 98% of iWorkshop attendees felt more engaged with the 401(k) plan
  • 97% of iWorkshop attendees felt they now have helpful tools to reduce stress related to their personal finances
  • 97% of iWorkshop attendees would recommend the workshop to a co-worker
  • 97% of iWorkshop attendees felt the new financial wellness program was an excellent addition to the benefits package (45% strongly agreed)

The goal of the financial wellness program was to engage employees, get them to save more for a secure retirement and help Blue Prairie Group education specialists have more impactful one-on-one employee meetings to improve financial wellness. The iPad workshops proved so successful, that a second full day of one-on-ones meetings with Blue Prairie Group education specialists was scheduled for employees.

“This particular clients experience was particularly satisfying because it validated some of the education campaigns basic assumptions about the importance of establishing a broad-based financial wellness framework and the real hunger participants have to speak to experienced advisors who can render powerful advice free of conflict and product sales,said Matt Gnabasik, Managing Director at Blue Prairie Group.The client should also be commended for providing the commitment in terms of time and resources to make our joint efforts so successful.”

“Retirement plan advisors who are strong advocates on behalf of participants are ideally positioned to offer financial wellness to plan sponsors, We see winning alongside Fidelity and Transamerica as recognition that an advisor-driven financial wellness program is uniquely positioned for success,”said Matt Iverson, Founder at Boulevard R.  “There is a real demand for financial wellness solutions from plan sponsors, as we saw in our packed session at PSCA.  By creating a program that is more engaging than what most providers offer, and also making plan advisors measurably more impactful with employees, we can have a profoundly positive impact on employees’ financial wellness.”

The Retiremap program was developed with leading behavioral economist and NY Times bestselling author, Dan Ariely from Duke University.  The 30-minute Plan for Your Future workshops provide up to 30 employees at a time with an iPad, allowing them to do a holistic retirement readiness assessment and get a personalized Starter Roadmap.  For employees who cannot participate in the iPad workshops, account activation links are emailed out and they can also access the platform through a custom employer website.

Retiremap Tool Calculates Employers’ ROI on Financial Wellness and Employee Engagement

Using key engagement and behavior change metrics from current Retiremap implementations, new tool provides employers with a custom report detailing the cost-savings + profitability impacts of implementing a financial wellness program.

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SAN FRANCISCO, April 2, 2014 -- To help companies cut through the ambiguity surrounding financial wellness savings, Retiremap has developed a tool to calculate the program’s return on investment (ROI), using behavior change data from existing Retiremap implementations. HR professionals and CFOs can learn about the tool and how they can develop their own business case for implementing a financial wellness program in a free webinar on Thursday, April 24:

https://www2.gotomeeting.com/register/378392226

“Financial wellness programs often promise the moon when it comes to savings, but how relevant are these numbers for a specific employer?” said Matt Iverson, Founder at Boulevard R.  “By combining current research and Retiremap’s established performance metrics, we can now provide retirement plan committees and CFOs with a custom savings forecast based on their retirement plan’s unique profile.”

“The problem with traditional employee financial education is that the group meeting format and the lack of customized and personalized information means that it rarely leads to desired behavioral changes. Since Blue Prairie Group started using Retiremap, we’ve been able to track a series of engagement metrics for our plan sponsor clients that ultimately tie back to improving retirement security which is the ultimate goals,” said Matt Gnabasik, Managing Director of Blue Prairie Group.

Retiremap’s ROI assessment tool looks at the benefit for the plan, participant and company by examining Retiremap’s impact on three key areas of cost-savings and improved company profitability:

  • Financial Wellness
    By providing strategies for employees’ financial goals, as well as delivering interactive tools, Retiremap helps plan advisors or provider representatives have greater impact when serving employees struggling with financial stress.
  • Retirement Readiness 
    By getting employees to save more, employers help ensure participants can retire on time and not have to delay retirement when their disability and healthcare premiums are highest.
  • Employee Engagement
    By implementing a program that demonstrates that the employer cares about employees’ well being, while also promoting the retirement plan’s value, employees become more engaged.  Greater engagement translates into improved profitability by increasing employees’ loyalty, advocacy and willingness to go the extra mile.

“By quantifying the ROI of how Retiremap pro-actively engages employees and measurably improves participant outcomes, we are connecting the art of financial wellness with the financial reality that companies have to operate within,” said Iverson. “Not only is financial wellness the right thing to do for employees, we can now help anyone interested in financial wellness shine a light on the financial return for their unique employee population and employer.”

HR professionals and CFOs can see a sample Retiremap ROI assessment and request one for their company by visiting:

RetiremapHQ.com/ROI

 

RETIREMAP- KEY STATISTICS

  • 53% of Plan for Your Future iPad workshop attendees decided to double their deferral rate (increasing by an average of 6.3% of pay)
  • 97% of employees feel more engaged with the retirement plan
  • 93% of employees feel the Retiremap program is an excellent new benefit
  • 92% of employees they have helpful tools to reduce financial stress
  • 56% of all employees are engaged in the first 30 days through Plan for Your Future iPad workshops and email campaigns

 

About Boulevard R
Retiremap (RetiremapHQ.com) is the award-winning, independent retirement plan education platform from Boulevard R, using today’s technology to engage employees and measurably improve participant outcomes.  Retiremap’s Plan For Your Future iPad workshops and online campaigns developed with leading behavioral economist Dan Ariely, help employers and plan advisors deliver a financial wellness program with a significant return on investment.  By measuring and documenting the impact of plan education efforts, Retiremap introduces accountability, while simultaneously reducing fiduciary liability.

Leading RIA Firm Taps New Retiremap iPad Workshops to Engage and Educate Employees

First advisor-centric iPad app creates fun interactive experience to measurably improve retirement readiness, reaches more employees in less time

 

SAN FRANCISCO, October 1, 2013 — Leading ERISA retirement consulting firm Blue Prairie Group is now using iPads to educate employees and measurably improve retirement readiness with the Retiremap program from Boulevard R.  The new Retiremap Plan For Your Future iPad workshops offer an independent, employer-centric solution to engage employees, while helping plan advisors reach more employees in less time. A short video overview is available here:
RetiremapHQ.com/tour

BPG logo without background, 300 dpi

“We successfully implemented the Retiremap employee education software with several of our clients and each implementation has worked as intended. The meetings have been well attended and employees love to receive a customized statement describing their overall retirement readiness and how they can improve it,” said Matt Gnabasik, Managing Director at Blue Prairie Group.  “With each implementation, we provided one-on-one consultations for those employees who are interested. The upshot is that we’re seeing higher employee engagement scores as measured by increased participation and savings rates.”

“Top ERISA-focused advisory firms like Blue Prairie Group, realize the need to innovate on their education and advice model to do a better job of engaging more employees to help make sure they are on track for a secure retirement,” said Matt Iverson, Founder at Boulevard R.  “The industry recognition, with the Pensions & Investments Innovator Award nomination of the first employer to offer our Plan for Your Future iPad workshop, shows that we’re on the right track.”

The Retiremap program was developed with leading behavioral economist and NY Times bestselling author, Dan Ariely from Duke University.  The 30-minute Plan for Your Future workshops provide up to 30 employees at a time with an iPad, allowing them to do a holistic retirement readiness assessment and get a personalized Starter Roadmap.  For employees who cannot participate in the iPad workshops, account activation links are emailed out and they can also access the platform through a custom employer website.

RETIREMAP’S KEY BENEFITS

The Retiremap program empowers employers and advisors to:

  • Offer a much more engaging and relevant plan education program
  • Use behavioral economics research from one of the top behavioral economists in the world to drive positive behavior change
  • Save time and increase impact by providing advisors access to employees’ data to use in private, one-on-one meetings
  • Take a holistic financial planning approach by looking at the household situation
  • Identify financial stressors and deliver custom, actionable content to help reduce employees’ stress
  • Measure the impact of our plan education efforts, adding accountability into plan education efforts
  • Provide employees an independent solution that is neither conflicted nor pushes any specific investment product.

“With the arrival of iPads and tablets, the future of plan education has arrived,” said Iverson. “Independent platforms, like Retiremap, deliver an employer-branded solution that reaches more employees in less time, while offering a fun, engaging experience.  The statistics speak for themselves.”

KEY RETIREMAP STATISTICS

  • 95.2% of employees who start the Retiremap goal-setting process, complete it and get a Starter Roadmap
  • 55.7% of all employees are engaged in the first 30 days through iWorkshops and email campaigns
  • 58.2% of iWorkshop attendees requested to speak with an advisor
  • 53.2% of iWorkshop attendees decided to increase their deferral rate by an average of 6.3% of pay

 

About Retiremap

Retiremap (RetiremapHQ.com) is the leading independent retirement plan education platform from Boulevard R, using today’s technology to measurably improve participant outcomes.  Retiremap’s Plan For Your Future iPad workshops and online campaigns engage more employees, while helping employers and plan advisors drive the retirement plan concept in fresh new ways.  By measuring and documenting the impact of plan education efforts, Retiremap introduces accountability, while simultaneously reducing fiduciary liability.

About Blue Prairie Group

Blue Prairie Group (BluePrairieGroup.com) is a fee-only investment consulting firm headquartered in Chicago, providing unbiased and objective financial consulting within three main practice areas: ERISA Retirement, Foundations & Endowments and Wealth Management. Blue Prairie Group acts as fiduciaries to all of its clients’ portfolios and is remunerated solely by clients. Blue Prairie Group passionately advocates low cost investments, full fee transparency, and offers a broad service suite for both institutions and individuals. Like any good neighbor, Blue Prairie Group contributes to the community, by giving 5% of pre-tax profit to local charitable organizations.