Halo Investing, a Chicago-based financial products platform, has added two annuities from AIG Life & Retirement.
AIG’s fee-based Power Index Advisory and Assured Edge Advisory annuities will be available to users of the platform, which also offers structured notes, market-linked CDs and buffered ETFs.
"Joining Halo will enable AIG Life & Retirement to support more advisers who want access to fee-based annuities as they design income strategies for their clients' retirement portfolios," Terri Fiedler, CEO of AIG Financial Distributors, said in a press release.
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
