Pacific Life Launches Fee-Friendly Advisory Variable Annuity at Schwab Advisor ServicesTM
Schwab RIAs Can Manage and Bill Directly on the Annuity without Creating a Taxable Event or Reducing Benefits
NEWPORT BEACH, Calif. (September 12, 2021)—Pacific Life today announced that its no-load, fee-friendly, offering, Pacific Advisory Variable Annuity, is now available for use by registered investment advisors (RIAs) at Charles Schwab.
“We are excited that Pacific Life’s flagship advisory annuity is now available to advisors through Schwab Advisor Services,” says Doug Mantelli, vice president of RIA strategy at Pacific Life. “RIAs told us their pain points and gave us their wish list, and we’re proud to have built a variable annuity we think fits their specialized needs. This collaboration will give even more RIAs the opportunity to explore how our newest fee-friendly strategy may fit into their clients’ portfolios.”
Highlights of Pacific Advisory Variable Annuity include:
- No commissions or withdrawal charges
- Institutionally-priced investment options from respected money managers
- The ability for financial professionals to manage and bill directly on clients’ assets without creating a taxable event or reducing benefits
- Tax control to allow financial professionals and clients to determine when taxes are paid
- Portfolio Income Protector, a fee-friendly living benefit, and a Return of Investment death benefit available for additional costs
Pacific Life’s dedicated RIA 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.
For more information about Pacific Advisory Variable Annuity or to request a case design, contact a managing director at PacificLifeAdvisory@PacificLife.com.
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 was named one of the 2021 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 2021 is compiled by Pacific Life using the 2021 FORTUNE 500® list.
2021 World’s Most Ethical Companies® is based on the Ethisphere Institute’s Ethics Quotient®. “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.
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 variable annuities 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.
Pacific Life is not affiliated with Schwab Advisor ServicesTM.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. 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 insurance company is solely responsible for the financial obligations accruing under the products it issues. Annuity products are not FDIC insured, may lose value, and are not guaranteed by any bank.
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, and are available through licensed third parties.
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