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Pacific Life Launches Advisory Annuities through TD Ameritrade
The launch continues Pacific Life’s expansion into the independent registered investment adviser market.
NEWPORT BEACH, Calif. – Jan. 7, 2020 – Pacific Life announced that the company’s fee-based, advisory annuities are now available to independent registered investment advisers (RIAs) through TD Ameritrade.
“TD Ameritrade is an industry leader with independent RIAs. Expanding our distribution through them with our two fee-based annuities, Pacific Odyssey® and Pacific Index Advisory®, supports our overall strategy to provide broader access to our retirement solutions and grow our RIA business,” says Doug Mantelli, vice president of RIA strategy for Pacific Life’s Retirement Solutions Division.
Pacific Odyssey, Pacific Life’s fee-based, advisory variable annuity, offers individuals the ability to grow retirement savings through tax deferral, convert assets to lifetime retirement income, and leave a financial legacy through a guaranteed death benefit. RIAs can build a diversified portfolio that meets their clients’ needs and manages their investment strategies by transferring among a diverse selection of investment options.
Pacific Index Advisory, a fee-based, fixed indexed annuity, is designed for clients who want to protect principal while giving them the opportunity to grow contract value through market-based interest crediting. Clients will never lose principal due to market performance as this product is not a security, and their money is not directly invested in the market. Plus, any interest earned because of positive index performance is added to the contract value and protected from any future market downturns. In addition, the rates and caps for Pacific Index Advisory do not change throughout the entire length of the initial guaranteed period.
“Annuities can serve as a key foundation in retirement planning by providing an element of certainty,” says Matt Sadowsky, director of Retirement and Annuities at TD Ameritrade. “We’re pleased to expand our annuity concierge platform with Pacific Life’s fee-based annuities, providing even more options for independent RIAs as they build their clients’ retirement plans.”
Annuities are provided through The Insurance Agency of TD Ameritrade, LLC, to clients of independent RIAs who use TD Ameritrade Institutional as a custodian.
TD Ameritrade Institutional clients who want to learn more about annuities and other wealth management solutions can contact their relationship managers. Other advisors are invited to call TD Ameritrade Institutional at (866) 451-1258.
TD Ameritrade and Pacific Life are separate, unaffiliated firms that are not responsible for each other’s services or policies. Annuities are provided to TD Ameritrade clients through The Insurance Agency of TD Ameritrade, LLC.
About Pacific Life
For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2019 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial-strength ratings, visit www.PacificLife.com.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2019 is compiled by Pacific Life using the 2019 FORTUNE 500® list.
Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.
You should carefully consider a variable annuity’s risks, charges, limitations, and expenses, as well as the risks, charges, expenses, and investment goals of the underlying investment options. This and other information about Pacific Life are provided in the product and underlying fund prospectuses. These prospectuses are available from your financial professional or at www.PacificLife.com. Read them carefully before investing.
Variable annuities are long-term investments designed for retirement. The value of the variable investment options will fluctuate so that shares, when redeemed, may be worth more or less than the original cost.
Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each company is solely responsible for the financial obligations accruing under the products it issues. Insurance product and rider guarantees are backed by the financial strength and claims-paying ability of the issuing company and do not protect the value of the variable investment options.
Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company. Variable and fixed annuity products are available through licensed third parties.
About TD Ameritrade Institutional
TD Ameritrade Institutional empowers more than 7,000 independent registered investment advisers to transform the lives of their clients. It provides powerful technology and resources that help simplify running a business and let advisors spend more time doing what matters most — serving their clients. Through meaningful innovation, steadfast advocacy, and unwavering service, TD Ameritrade Institutional supports RIAs as they build businesses that positively impact their clients and communities. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., member FINRA/SIPC, a brokerage subsidiary of TD Ameritrade Holding Corp.
About TD Ameritrade Holding Corporation
TD Ameritrade provides investing services and education to more than 12 million client accounts totaling approximately $1.3 trillion in assets, and custodial services to more than 7,000 registered investment advisers. We are a leader in U.S. retail trading, executing an average of approximately 800,000 trades per day for our clients, more than a quarter of which come from mobile devices. We have a proud history of innovation, dating back to our start in 1975, and today our team of 10,000-strong is committed to carrying it forward. Together, we are leveraging the latest in cutting-edge technologies and one-on-one client care to transform lives, and investing, for the better. Learn more by visiting TD Ameritrade’s newsroom at www.amtd.com, or read our stories at Fresh Accounts. Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org)/SIPC (www.SIPC.org).
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