Halo Investing, a Chicago-based online marketplace for structured notes, has launched a similar platform for annuities.
The service aims to allow financial advisers to shop for annuities. It offers fixed, variable and registered index-linked annuities from several carriers, including Allianz Life, as well as a team of annuity experts and an outsourced insurance desk that can serve as an adviser’s licensed agent of record.
In addition, the platform provides carriers’ real-time rates, up-to-date product information and digital and virtual client signing, suitability review and carrier submission, Halo said in a 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
