Portfolio

RetireOne and Great American Life Work Together to Grow Fintech-Linked Offerings for RIAs

Principal protection solution is alternative for de-risking portfolios

SAN FRANCISCO, Nov. 8, 2018 /PRNewswire/ — RetireOne® has teamed up with Great American Life Insurance Company® to offer the Index ProtectorSM 7 annuity to RIAs and fee-based advisors who are seeking non-correlated assets to de-risk client portfolios. With interest rates still relatively low and rising, this no-load fixed-indexed annuity (FIA) can serve as a fixed income alternative in client portfolios to help protect the downside, while offering a measure of upside potential with four allocation options.

“Fixed-indexed annuities haven’t traditionally been available to RIAs,” said RetireOne President Ed Mercier. “As this bull market continues, people are growing nervous that a correction will happen soon. Annuity companies have recently begun to create no-load or fee-based FIAs for RIAs and their clients. The timing is perfect. Now they can defend their clients’ portfolios against losses with principal protection solutions that weren’t available 10 years ago, during the last recession. That’s especially critical for investors in the five years prior to or in retirement.”

Great American Life® partnered with Dr. Wade Pfau and InStream Solutions to create a portfolio simulator that incorporates the Index Protector 7 as an asset class in hypothetical client portfolios. Using historical market returns from 2003 – 2017, the Monte Carlo tool simulates the effects of allocating a portion of a portfolio to the Index Protector 7. RIAs and their clients may adjust their allocations and explore the probability of different outcomes in a variety of historical market conditions.

Transparent, Simple To Understand

According to Tony Compton, Divisional Vice President of B/D and RIA Sales for Great American Life, “One of the headwinds we face as a provider of no-load FIAs is educating investment advisors about today’s annuities. Annuities designed for the Registered Investment Advisory Channel are transparent and simpler to understand. They can work very well as a fixed income alternative, especially in the current interest rate environment. Our work with Dr. Pfau shows how insuring a portion of a portfolio against losses can affect portfolio performance over a 10-year time frame. The Index Protector 7 is specifically designed for this market, and our new portfolio simulator helps illustrate its value. We look forward to working with the experts at RetireOne to help advisors and their clients navigate market and interest rate volatility.”

As this bull market continues, people are growing nervous that a correction will happen soon. Annuity companies have recently begun to create no-load or fee-based FIAs for RIAs and their clients...

In addition to their collaboration with InStream, Great American Life has made significant investments in technology integrations with Quovo, Tamarac, Orion and others. “Great American Life has been an important relationship for us,” said Mr. Mercier. “They understand how important it is for their products to be linked to RIA technologies. Fiduciaries want to log into their portfolio management software and see all of their client assets in one place. They want simplicity. Great American Life’s tremendous tools and integrations make that possible.”

 

 

 

About RetireOne
Serving over 900 RIAs and fee-based advisors since 2011, Aria Retirement Solutions’ RetireOneTM is the leading, independent platform for fee-based insurance solutions. With offerings from multiple “A”-rated companies, advisors may access this fiduciary marketplace at no additional cost to them or their clients. Currently nearing $1 billion of retirement savings and income investments, RetireOne continues to grow in its mission to revolutionize access to low-cost, innovative insurance solutions that empower investors to retire with confidence. To learn more, visit www.retireone.com.
About Great American Insurance Group
The annuity operations of Great American Insurance Group (GAIG) offer retirement solutions through the sale of traditional fixed, fixed-indexed and variable-indexed annuities in the retail, broker-dealer, financial institutions and registered investment advisor markets. Annuity subsidiaries include Great American Life Insurance Company® and Annuity Investors Life Insurance Company®. GAIG’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. The members of GAIG are subsidiaries of American Financial Group, Inc. (AFG). AFG is a Fortune 500 Company with assets of $61 billion as of June 30, 2018. Learn more at GAIG.com.