From Wire Reports
DPL Financial Partners and Jackson National Life Insurance Company announced that they are teaming up to bring the carrier’s advisory annuity products to fee-only advisors in what represents Jackson’s first distribution partnership targeting the independent RIA channel.
Three of the carrier’s commission-free products are now available to RIAs nationwide through DPL’s platform: two variable annuities – Perspective Advisory IISM and Elite Access Advisory IISM – and one fixed index annuity, MarketProtector Advisory.
“Jackson has long been a market leader in variable annuities, and we are excited to be their partner in launching their fee-based products to the independent RIA market,” said DPL Founder and CEO David Lau.
“Between Perspective Advisory II’s expansive rider options with investment freedom, Elite Access Advisory II’s tax advantages with a robust variable annuity investment platform and MarketProtector Advisory’s downside protection without a surrender charge, it’s easy to see that Jackson is at the forefront in developing commission-free annuities,” Lau added.
Since its launch in 2017, Jackson’s Perspective Advisory II has been one of the leading advisory variable annuities, the company said.
The product’s many rider options allow individuals to customize their choices to meet unique needs and goals, while investment freedom gives RIAs the ability to work with their clients to build a diversified portfolio that is customized to meet their clients’ individual priorities and preferences, rather than locking them into restrictive allocation models.
“Consumers want and need choices, and Jackson is committed to working with advisors to provide a spectrum of options that meet consumer preferences,” said Scott Romine, President, Advisory Solutions, Jackson National Life Distributors. “DPL has been a valued partner as we prepare to launch our commission-free products into the independent RIA market. Their RIA-centric platform will help expand Jackson’s distribution footprint and we are excited to partner with them.”