How Wealthtech Can Drive Greater Accuracy While Removing Fear From Retirement Planning
Justin Fitzpatrick, Chief Innovation Officer of Income Lab, says his mission is simple – he wants to change how retirement is lived in the United States.
A co-founder of Income Lab, Fitzpatrick describes the firm as a software company with about 30 employees. According to information about the company shared with WSR, Income Lab describes itself as “the only firm providing dynamic retirement income software for financial advisors to use with clients.”
In his role as head of innovation, he leads all research and development, leveraging his experience as a CFA charterholder and Certified Financial Planner (CFP) professional and his years in academia, where he earned a Ph.D. from the Massachusetts Institute of Technology (MIT) and served in a research and teaching capacity at several universities including MIT, Harvard, University of London and UCLA.
Having recently announced a strategic partnership with Docupace’s PreciseFP to help advisors save time and streamline the retirement planning process, Income Lab has continued to grow at a robust clip.
According to the press release announcing the partnership, the two wealthtech companies will use a newly developed API that allows both firms to connect their platforms, enhancing the financial advisor and end client service experience.
WSR connected with Fitzpatrick to discuss how Income Lab will enhance the ability for financial advisors to more effectively support a secure retirement for their clients, the unaddressed market for Income Lab’s solutions and what to expect next from this rapidly expanding, Colorado-based company.
See the full interview on Wealth Solutions Report here: https://wealthsolutionsreport.com/2024/04/17/income-lab-on-a-mission-to-change-how-retirement-is-lived/
