Dr. Wade Pfau, PhD, CFA, RICP^®

Topic: Determining Your Clients’ Retirement Income Styles
As the baby boomers reach retirement, financial professionals must solve new problems for clients. Retirement income is different as clients shift their focus from maximizing wealth to creating sustainable income. Clients face a greater range of risks, including longevity risk, market and the newly emergent sequence of returns risk, and personal spending shock risks. Each risk requires different income tools and risk management techniques. This presentation shows how advisors who are willing to integrate a broader range of retirement tools can better serve clients with strategies that manage these new risks and accommodate different consumer preferences related to their personal retirement income styles. Retiree preferences connect to four viable retirement income strategies. Approaching retirement income agnostically and matching retirement income strategies based on a client’s personal retirement income style will support greater client satisfaction and risk management.

Biography
Wade D. Pfau, PhD, CFA, RICP^® is the founder of Retirement Researcher, an educational resource for individuals and financial advisors on topics related to retirement income planning. He is a co-founder of the Retirement Income Style Awareness tool and a co-host of the Retire with Style podcast. He also serves as a principal and the director of retirement research for McLean Asset Management. He also serves as a Research Fellow with the Alliance for Lifetime Income and Retirement Income Institute. He is a professor of practice at the American College of Financial Services and past director of the Retirement Income Certified Professional® (RICP^®) designation program. 

He holds a doctorate in economics from Princeton University and has published more than sixty peer-reviewed research articles in a wide variety of academic and practitioner journals. His research has been discussed in outlets including the print editions of the Economist, New York Times, Wall Street Journal, Time, Kiplinger’s, and Money magazine.

Wade is a past selectee for the InvestmentNews Power 20 in 2013 and inaugural 40 Under 40 in 2014, the Investment Advisor 35 list for 2015 and 25 list for 2014, and Financial Planning magazine’s Influencer Awards. In 2016, he was chosen as one of the Icons and Innovators by InvestmentNews. He is a two-time winner of the Journal of Financial Planning Montgomery-Warschauer Editor’s Award, a two-time winner of the Academic Thought Leadership Award from the Retirement Income Industry Association, and a Best Paper Award winner in the Retirement category from the Academy of Financial Services. Wade served for four years as a coeditor of the Journal of Personal Finance.

Wade is a contributor to Forbes and an Expert Panelist for the Wall Street Journal. He has spoken at the national conferences of organizations such as the CFA Institute, the CFP Board, the FPA, NAPFA, and the Academy of Financial Services.

He is also the author of four books in the Retirement Researcher’s Guide Series: Retirement Planning Guidebook: Navigating the Important Decisions for Retirement Success, How Much Can I Spend in Retirement: A Guide to Investment-Based Retirement Income Strategies, and Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement.