Luma Financial Technologies, a structured products and annuities platform, has introduced a tool that helps advisers select annuities for their clients.
Called Luma Compare, the tool allows an adviser to compare and select among variable annuities, fixed index annuities and registered index-linked annuities from several providers.
Selecting and offering “appropriate and suitable annuity products while remaining compliant with Reg BI requirements can now be swiftly accomplished,” Keith Burger, the firm’s national sales director for annuities, said in a statement.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
