Boomers running out of time to save

Retirement planning was a top priority for 42% of 1,305 independent advisers polled by Curian Capital LLC, and a full 90% said they felt that a sizeable portion of their clients — nearly 80% — would not have adequate funds during retirement to meet their expected standard of living.

Forty percent said the biggest threat to clients’ retirement income plan was lack of sufficient time to build wealth.

Retirement-income-planning tools such as online calculators and other tools provided by firms were considered helpful by 97% of the respondents.

Most advisers are open to help in retirement planning — 55% said they would be willing to seek a third-party asset manager to help with retirement income planning. Also, 69% of the advisers said they used managed accounts for clients preparing for retirement.

A full 65% said they built retirement solutions based on clients’ total portfolios, while only 35% said they kept retirement assets separate from the clients’ other assets.

The survey also found that most advisers (69%) have not changed their clients' portfolios in response to market volatility.

Curian is a registered investment adviser that provides fee-based separately managed accounts to financial professionals through its platform.

The Denver-based firm conducted the online survey in the second quarter of this year.

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