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Investment Services at Sovereign/Santander Introduces Comprehensive Retirement Income Planning Solution

  • The Income for Life Model® will enable Investment Services at Sovereign’s financial consultants to help serve the needs of customers entering retirement

Boston,  (March 22, 2012). Investment Services at Sovereign/Santander, today introduced a customized version of The Income for Life Model®, an investment strategy with the objective of creating lifetime, inflation-adjusted income.

The Income for Life Model® is an integrated system that financial consultants use to market, illustrate and monitor outcome-focused retirement income strategies while enhancing advisor-to-client communications. Investment Services at Sovereign/Santander’s custom version of The Income for Life Model®, developed by Wealth2k, Inc., a leading provider of outcome-focused, retirement income platform, provides a formal and personal income strategy for each investor. The strategy serves as a “roadmap” that helps investors stay on track with their income goals.

“The investing strategies associated with creating retirement income are inherently different than those used in accumulating assets,” said Jay Delaney, Director of Retail Investments at Investment Services at Sovereign. “Investors need a sound investing framework that focuses on developing outcomes. The Income for Life Model® provides that framework and strategically combines customized product solutions in a manner that helps investors remain consistent with their retirement income investing strategy.”

According to David Macchia, Founder and CEO of Wealth2k, Inc., “Investment Services at Sovereign/Santander has demonstrated leadership in the retirement income marketplace by being sensitive to the needs and objectives of today’s investors. Not only have they introduced a flexible investment strategy that focuses on the long-term retirement security needs of its customers, it has also unveiled innovative educational tools that make it easier for investors to understand the strategy’s objectives and mechanics.”

Central to their program is innovative software that helps its financial consultants design customized retirement income strategies for investors. Utilizing The Income Life Model® software, Investment Services at Sovereign/Santander will strengthen its financial consultants’ ability to communicate efficiently and effectively with customers on the topic of retirement income. Further, each financial consultant is being provided a personalized website that provides customized solutions for customers and offers the opportunity to share educational materials.

“We believe that using multimedia, interactive and most important customized tools gives our consultants a discernable advantage when it comes to helping our customers,” said David Miree, Sovereign’s Managing Director Retail Network. “With The Income for Life Model®, we’re providing a robust tool for our financial consultants to better attend to customer needs.”

LPL Financial is not affiliated with Sovereign Bank, N.A. The investment products sold through LPL Financial are not insured Sovereign Bank deposits and are not FDIC insured. These products are not obligations of Sovereign Bank and are not endorsed, recommended or guaranteed by Sovereign Bank or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.

About Santander Holdings USA, Sovereign Bank and Banco Santander
Santander Holdings USA, Inc. is a wholly owned subsidiary of Banco Santander, S.A., and parent company of Sovereign Bank, N.A. and Santander Consumer USA. Banco Santander is a retail and commercial bank, headquartered in Spain, with a presence in 10 main markets: Spain, Portugal, Germany, the UK, Poland, Brazil, Mexico, Chile, Argentina and the U.S. Founded in 1857, Santander has 100 million customers, approximately 14,700 branches – more than any other international bank – and more than 191,000 employees. For more information on Santander, visit http://www.santander.com

Sovereign Bank, N.A. is a financial institution with principal markets in the northeastern United States. Sovereign has more than 700 branches, about 2,300 ATMs, and approximately 8,500 team members. For more information on Sovereign Bank, visit http://www.sovereignbank.com
or call 877-SOV-BANK.

About Wealth2k®
Wealth2k helps organizations capitalize on the business opportunity in retirement income distribution. The company’s proprietary income planning software, investor-facing communications tools, business process automation and advisor training programs combine to create truly effective retirement income solutions.

About Investment Services at Sovereign/Santander
Investment Services at Sovereign/Santander is a division of Sovereign Bank, N.A. Investment Products, securities and advisory services mentioned here in this article are distributed though LPL Financial, a registered investment advisor and member of FINRA/SIPC. Insurance products are offered through LPL Financial or its licensed affiliates.

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