About Distro & Our Team
Distro was initially conceptualized by one of Distro's three founders, Erik, a wealth management professional for over a decade and active advocate within the space. After spending enough time talking with his peers, he had the insight that while many financial advisors talk about tax efficient distribution plans, very few actually have a reliable method for building such plans.
After explaining the situation in early 2023 to two of his close friends in the technology space, Matt and Nolan, they began working on an algorithm that could take in any client's financial snapshot, of any level of complexity and spit out tailored, tax efficient retirement distribution plans. Thus Distro was born and the team has since been focused on their initial mission to make it as simple as possible for advisors to build exceptional retirement distribution plans.
What is Distro?
Traditional financial planning software can map out goals, cash flows, and ultimately build out strategies to hit the retirement “number”. However, this software misses the specifics on which accounts to draw from at what times throughout a retirement period. While the conventional methodology of ordering distributions as non-qualified accounts first, then pre-tax qualified accounts, and Roth accounts last can be effective, it is often not the most tax efficient way to draw from accounts for retirement funding. Enter Distro.
Distro is an interactive tool to map out the most tax efficient method for asset withdrawals throughout retirement. Distro begins by looking at the tax treatment of each investment account and income source, then takes into account desired annual income, large purchases, and specific goals in particular years to optimize distributions from each account in each year to reduce overall taxes paid. By utilizing the Distro algorithm, a financial advisor can show a client or prospect the power of effective income distribution for tax reduction over a lifetime in an easy to understand format.
Using Distro in tandem with traditional financial planning software can also help create a clear picture for a variety of other financial issues such as:
- When to begin taking Social Security
- How to structure a business or asset sale
- When and if Roth conversions make sense in a given year
- Determining whether to finance a large purchase, or buy outright
- Whether or not to begin taking an income stream from an annuity
- How and when charitable giving will have the greatest impact
- Determining which assets are best to pass on to heirs
- And much more
Sign up for your trial today to see how you can use Distro to enhance your practice, and show the value that you add to your clients.
Our Mission
We like to keep things simple at Distro; it's our mission that any advisor is able to pick up our software and within a few clicks deliver a high quality, highly efficient retirement distribution plan for any of their clients; big or small.
A few of our core values:
- Simplicity; our software needs to be very easy to use, with minimally cluttered interfaces.
- Adaptability; our software should empower advisors to not only build exceptional distribution plans but also assist them in prospecting and closing new clients.
- Flexibility; our software should empower advisors in a few clicks to be able to build distribution plans for not only their most bog standard clients but also their most complex.