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Wells Fargo Advisors (WFA), the brokerage unit of Wells Fargo & Company (NYSE:WFC), today announced the launch of the Income Center, an extension of the firm’s proprietary Envision® planning process. The Income Center is a suite of applications that provides clients nearing or in retirement, a detailed view of their retirement income and offers them the ability to explore various retirement income solutions with their advisor.

Generating enough income in retirement is the top issue clients want to discuss with financial advisors. The Income Center is designed to help clients make purposeful distributions from their portfolios.

“Once you reach retirement age, there is an even greater need to have a deeper understanding of your retirement income plan,” said Warren Terry, managing director of FA Platform, Wells Fargo Advisors. “The biggest question comes after a client knows they can retire, but may not know where their “retirement paycheck” is going to come from. These tools are critical to helping clients understand how they will achieve their goals throughout their retirement.

”The new features, which are intended for clients who have an Envision plan and are nearing retirement age, include:

Income Dashboard – Displays current retirement income situation
Income Strategies – Offers scenarios to add more income to the portfolio
Portfolio Withdrawal – Shows where additional income will come from in the current portfolio if there is a shortfall
According to the recent Wells Fargo/Gallup Investor and Retirement Optimism Index, nearly half of investors, (46%) are worried about outliving their savings, including half of non-retirees and more than a third (35%) of retirees.

“With increased longevity, today’s pre-retirees need to think about having enough money to facilitate a sound retirement,” said Karen Wimbish, director of Retail Retirement, Wells Fargo.

Wells Fargo Advisors also launched ‘Income Generation’ – a comprehensive program of enhanced tools and training materials – for advisors to work with clients on building a retirement income plan.

About Wells Fargo Advisors

With $1.4 trillion in client assets as of June 30, 2014, Wells Fargo Advisors provides investment advice and guidance to clients through 15,189 full-service financial advisors and 3,472 licensed bankers. This vast network of advisors, one of the nation’s largest, serves investors through locations in all 50 states and the District of Columbia. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC (members SIPC). Statistics include other broker-dealers of Wells Fargo & Company.www.wellsfargoadvisors.com

Investment products and services are offered through Wells Fargo Advisors, LLC.Envision® is a registered service mark of Wells Fargo & Company and used under license.

About Wells Fargo (Twitter @WellsFargo)
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.6 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

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