Pacific Life today announced it has expanded access to the company’s two fee-based annuities, Pacific Odyssey® and Pacific Index Advisory®, through The Pinnacle Group, an insurance and annuity back office for more than 15,000 registered representatives and registered investment advisors (RIAs).
“We’re excited to have the opportunity to work with The Pinnacle Group to bring its member RIAs and financial professionals our commission-free, surrender-charge-free advisory annuities,” said Doug Mantelli, vice president of RIA strategy at Pacific Life. “Pacific Life is dedicated to expanding access to our solutions and believe, together with Pinnacle, advisors will find opportunities where our annuities can improve their clients’ financial outcomes.”
RIA channel growth continues to increase as outsourced, end-to-end support becomes more readily available. In response, Pacific Life has used the pain points and wish lists of financial professionals to aid in its design of fee-based, cost-conscious, tax-deferred advisory annuities, as well as optional protection and income benefits that can address a variety of client needs.
Edgar Morales, President and Chief Marketing Officer of The Pinnacle Group, shared: “As we deepen our partnership with Pacific Life, we look forward to how the new offerings will empower us to deliver industry-leading resources and innovation to the financial institutions we serve."
Pinnacle's Chief Distribution Officer Jason Borek shared: “The wealth of resources offered through Pacific Life has always been exceptional. We are thrilled by the opportunity to include this new annuity offering for our institutional clients, and we're confident that it will bring tremendous value to advisors and their customers."
The Pinnacle Group is dedicated to transforming the way the insurance and annuity industry does business. Their goal always has been to find creative ways to help advisors grow their businesses, discover innovative solutions, and meet the needs of their clients.
Pacific Life’s dedicated RIA channel team, Pacific Life Advisory, is focused on creating competitive, fee-based annuities and helping financial professionals incorporate them into their practices. Simplified technology integrations are a priority, and the company continues to team up with new custodians and insurance-licensing firms to make it as easy as possible to include annuities in clients’ portfolios.
This article originally appeared on StreetInsider.
