Impaktful offers a digital platform for financial advisers to assess and address the non-financial aspects of retirement readiness. It provides tools to incorporate lifestyle, social, and emotional factors into client strategies, enabling advisers to offer holistic retirement planning and enhance client well-being.
Funding
Funding not disclosed
Founders
Product
Problem
Financial advisers often focus solely on portfolio management, leaving clients unprepared for the non-financial aspects of retirement such as loss of identity, reduced social connections, and lack of purpose. This gap in planning can lead to significant negative impacts on retiree well-being, including depression and cognitive decline, despite financial security.
Solution
Impaktful provides a digital platform designed to equip financial advisers with tools for assessing and addressing the non-financial dimensions of retirement readiness. The platform enables advisers to offer more holistic planning by incorporating lifestyle, social, and emotional factors into their client strategies. This approach helps clients identify purpose and build fulfilling retirements beyond mere financial security. By integrating these elements, advisers can enhance client well-being, foster deeper relationships, and improve practice profitability through increased client lifetime value and referrals.
Target Audience
The primary customers are financial advisers and financial planning practices seeking to expand their service offerings beyond investment management to include comprehensive retirement lifestyle planning.
Features
- Retirement Readiness Assessment module to quantify non-financial preparedness.
- Tools for identifying and addressing client needs related to purpose, social connection, and lifestyle fulfillment.
- Client engagement features designed to foster deeper, long-term advisory relationships.
- Analytics to help advisers track client progress and identify opportunities for practice growth.
- Reporting capabilities to demonstrate added value beyond traditional financial management.