Global asset manager Russell Investments has launched a "retirement lifestyle solution" - a planning and investment program designed to facilitate the construction of retirement portfolios.

The three-tier framework targets the primary concerns of many of the firm's clients, it said, singling these out as: consistent income (reliability), not running out of money (sustainability) and maintaining control of assets (flexibility). It consists of a web-based planning tool to manage withdrawals, a retirement income model strategy, and an advisor support program to support advisor conversations with clients.

Initially, the program is available through two partners, Cambridge Investment Research and Lincoln Investment Planning, and some of the firm's biggest clients in the RIA channel.

“Our new offering and related resources aim to help advisors be more relevant, realistic and responsive to their clients,” said Tim Noonan, director of capital markets insights for Russell’s advisor-sold business.

Russell Investments is headquartered in Seattle, WA, and has around $152 billion in assets under management, as at end-June.