Reporting on the purchase of EF Legacy Securities by Aria/RetireOne, InvestmentNews writes, “the acquisition allows RetireOne to expand its insurance and annuity back-office services for RIA firms, and better assist registered representatives moving their practices to a fee-based model, Aria said in a release.” InvestmentNews also reports that Chief Compliance Officer Rainey Gray has agreed...Continue Reading
Allison Bell writes in ThinkAdvisor that RetireOne has acquired the EF Legacy Securities broker-dealer from Ric Edelman’s company, Edelman Financial Engines. She notes that the Sunnyvale California-based Registered Investment Advisor sold only the broker-dealer, which was formerly based in Henrico, Virginia. The broker-dealer purchase bolster’s RetireOne’s insurance and annuity back office capabilities, and better positions...Continue Reading
Retirees face many risks in retirement. One risk they face early in retirement can compound another they may encounter later in retirement. These risks are sequence of returns risk and longevity risk. Devices that advisors employ in their clients’ retirement income plans include tactics that aim to mitigate longevity risk. No one wants to outlive...Continue Reading
Flat-fee variable annuity Elite Access Advisory IISM, income-focused Perspective Advisory II® va, and zero-surrender-charge fixed indexed annuity Marketprotector AdvisorySM from Jackson National were added to the RetireOne platform and Emile Hallez covered the deal for “Ignites.” Noting the growing demand for fee-based insurance and annuity solutions among RIAs, Hallez writes that awareness of these zero-commission...Continue Reading
Since occupying Vanguard’s Chief Executive seat in January of this year, Tim Buckley has been quick to assert his leadership and begin building a legacy. Most recently they’ve announced partnerships that will expand their reach into China, a venture into private equity, and the shuttering of their annuity business. Writing in RIABiz about all of...Continue Reading
Addressing news that Envestnet plans to release annuities on their insurance exchange, Cyril Tuohy of Life Annuity Specialist examines the growing trend toward the inclusion of these products on wealth management platforms. When Envestnet—one of the largest—begins to include annuities on its exchange, it represents an important step toward tighter integration of these products in...Continue Reading
Writing in RIABiz, Oisin Breen surveys the BlackRock/Microsoft deal announced last month that aims to ‘reimagine retirement planning.’ Since tech disruptions have yet to impact annuity pricing, RetireOne CEO David Stone believes this partnership could be good news for investors…Especially as 10,000 Baby Boomers retire every day, and the need for lifetime income increases. Could...Continue Reading
One of the enduring curiosities in wealth management is the slow adoption of no-load insurance products like annuities (see: Stone Writes in Advisor Perspectives about Slow RIA Adoption of No-Load Annuities). But things are changing. As more manufacturers, distributers, and technology platforms throw their hats in the ring, Retirement Income Journal Editor Kerry Pechter wonders...Continue Reading
Jay Cooper of Life Annuity Specialist features RetireOne’s recent expansion of the platform’s principal protection suite to include two fixed indexed annuities from Nationwide Financial (New Heights® and Summit®). Mr. Cooper notes that the expanded offering complements RetireOne’s recent addition of the Great-West Capital Choice® Advisor Index-Linked Variable Annuity, pointing out that these structured annuities...Continue Reading
Retirement Income Journal spotlights RetireOne’s partnership with Great-West to carry the new fee-based index-linked variable annuity (ILVA) Capital Choice Advisor. Retirement Income Journal editorial staff note the emergence of index-linked variable annuities as index-following alternatives to their fixed index annuity brethren and note two principal differentiators: ILVAs typically offer much higher upside potential but, in...Continue Reading
