SAN FRANCISCO–(COMMERCIAL WIRE)–RetireOne®, the leading platform for fee-based insurance solutions, and Midland National Life Insurance Company (Midland National), will launch today a series of improvements for Constance – a unique fee-free portfolio income insurance solution designed expressly for RIAs.
The firms announced the addition of 255 mutual funds, exchange-traded funds (ETFs) and model portfolios to Constance’s line of investment options covered. Released in October 2021Constance enables RIAs to wrap clients’ brokerage, IRA, or Roth IRA accounts with lifetime income protection to combat longevity risk, while allowing advisors to continue to monitor clients’ assets as they age. they retire and begin the drawdown phase.
Leading managers such as Cambria Investments, Fidelity Investments, Inspire ETFs, Invesco, iShares, Nuveen and Schwab Asset Management combined to add 195 mutual funds and ETFs which are now available for investment under Constanza’s aegis, bringing the total to 390 total funds. In addition, 60 new model portfolio have been added to the lineup, including strategies from American Funds, Delaware Funds, Dimensional Fund Advisors, Dynamic Wealth Management, Horizon Investments, Inspire ETF and WealthCare Capital Management.
“Retirement remains the primary goal for most investors, so leveraging Cambria ETFs to help investors ‘retire’ and protect retirement income through a contingent deferred annuity (CDA) is an important and novel step that we are excited to take with RetireOne,” he said. meb faber, Co-Founder and Chief Investment Officer of Cambria. “The exposure to Cambria ETFs and portfolio insurance within RetireOne’s Constance CDA can help position investors to more effectively manage the longevity and sequencing of return risks as they approach and enter The retirement. At Cambria, we pride ourselves on innovating by providing unique utility ETFs, and seeing five of them offered within the Constance platform shows again how ETFs continue to find new roles in solving big problems for investors.”
Constance certificate fees have also been reduced to reduce the cost of insurance. CEO and co-founder of RetireOne, David Stone, explains: “As we build and develop this unique portfolio income insurance solution, we want to make it as easy as possible for advisors to hedge their preferred strategies into client portfolios. To that end, we continue to collaborate with our partner firms and RIAs interested in creating long-lasting, sustainable income streams for clients to include those investment options.”
In addition to new investment options and reduced certificate fees, RetireOne has developed a new Portfolio creation tool to help RIAs build portfolios of Constance-covered ETFs and exchange-traded mutual funds. By designing portfolios and determining their allocation percentages, advisors can better understand what coverages and asset allocation levels can best meet their clients’ needs.
Advisors who would like more information on how they can start leveraging Constance for their clients can schedule a meeting, or call your RetireOne relationship manager at (877) 575-2742. For additional information, visit Retireone.com.
About Retire One
Serving more than 1,000 RIAs and payment advisors since 2011, RetireOne® is the leading independent platform for payment insurance solutions. With “A” rated multi-company offerings, RIAs can access this fiat market at no additional cost to themselves or their clients. Currently serving more than $1.5 billion in retirement savings and income investments, RetireOne continues to grow in its mission to provide advisors and their clients with valuable retirement solutions that are easy to use, easy to understand, and easy to understand. Deliver with exceptional service. Learn more at RetireOne.com and follow us on Twitter @RetireOne and LinkedIn.
About Midland National Life Insurance Company
For more than 115 years, Midland National® Life Insurance Company (Midland National) has been an industry leader, crediting the company’s strength to its commitment to stability, innovation and dedicated customer service. Midland National is accredited by the Better Business Bureau and has earned an A+ (Superior) rating from AM Best, a large independent rating and independent reporting company that rates an insurance company based on financial strength, operating performance, and reliability. ability to meet its ongoing obligations to policyholders. This rating is the second highest of 15 categories and was affirmed by AM Best for Midland National as part of Sammons® Financial Group, Inc. on July 30, 2021.
Founded as Dakota Mutual Life Insurance Company in 1906, Midland National has protected families and preserved legacies for generations. Midland National is one of the leading insurance companies in the United States. Midland National is a member of Sammons Financial Group, a subsidiary of Sammons Enterprises, Inc. With its annuities division in West Des Moines, Iowa, and life insurance operations in Sioux Falls, South Dakota, Midland National operates in 49 states and the District of Columbia through its 12,000 licensed sales professionals. For more information, click here.
The Certificate is designed to protect investors who are concerned that, whether due to withdrawals over time, poor market performance, or both, their Covered Asset Pool may be depleted during its term. To address that need, the Certificate in effect provides a limited form of insurance against the surviving assets. The Certificate has no cash value, surrender value, or death benefit. The Certificate is intended for long-term investment purposes. You and your client should carefully consider the risks and expenses of the annuity before investing. The prospectus contains this and other information. You or your client can call 877-575-2742 to obtain a current prospectus for the contingent deferred annuity. Advise investors to read it carefully before investing.
Securities offered through EF Legacy Securities, LLC (EFLS). EFLS is a member of FINRA/SIPC, registered in all 50 states, and is a licensed insurance agency (KY Resident License #DOI-896601). In CA, EFLS operates as EF Legacy Insurance Agency LLC (Non-Resident License #0L01472).
The Constance℠ Group Contingent Deferred Annuity is issued by Midland National® Life Insurance Company, West Des Moines, Iowa 50266, offered by member FINRA EF Legacy Securities, LLC (dba RetireOne) and underwritten by Sammons Financial Network®, LLC. , FINRA member. Sammons Financial Network®, LLC. and Midland National® Life Insurance Company are wholly owned subsidiaries of Sammons® Financial Group, Inc. and are not affiliated with EF Legacy Securities, LLC. and RemoveOne.
The Constance℠ Group Contingent Deferred Annuity can play an important role in your retirement plan, but it may not be for everyone. Before investing, you and your financial advisor should discuss the appropriateness of your situation, including cost, investment term, and other retirement assets you may have. The Certificate is intended for long-term investment purposes. Excess withdrawals can significantly diminish and even cancel the benefits provided by the Certificate.
NOT FDIC/NCUA INSURED, MAY LOSE VALUE INCLUDING LOSS OF PRINCIPAL, NO BANK/CU GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.
FOR INSTITUTIONAL USE ONLY. NOT INTENDED FOR CONSUMER APPLICATION PURPOSES.