San Francisco, CA – May 12, 2021 – RetireOne, the leading independent platform for fee-based insurance solutions, today announced a partnership with Fabric to integrate its risk modeling capability into RetireOne’s user platform, beginning with its zero-commission contingent deferred annuity, ConstanceSM.
Developed in partnership with Midland National® Life Insurance Company and offered exclusively on the RetireOne platform, ConstanceSM is a form of portfolio income insurance that unbundles the annuity’s insurance component from its underlying investments, giving Registered Investment Advisors (RIAs) the flexibility to wrap client brokerage accounts, Individual Retirement Accounts (IRA), or Roth IRAs with lifetime income protection. With access to a free version of Fabric’s risk management tool, advisors can analyze the annuity’s role in a client’s portfolio through the lens of long-term risk.
“As the length of retirement increases and clients’ fears of outliving their savings grow, annuities offer individual investors peace of mind through guaranteed income. Through our factor-based model, Fabric helps advisors communicate to their clients where a specific annuity fits into the bigger risk picture of their portfolio,” said Fabric Co-Founder and Head of Risk Rick Bookstaber.
“Constance was created to address the retirement crisis and give advisors an easier way to adopt protected retirement income solutions,” said David Stone, RetireOne founder and CEO. “Fabric’s tool takes the platform to the next level by providing advisors with simple and straightforward insights into the risk component of an annuity.”
An Advisor Perspectives CE webinar “Measuring and Mitigating Risks to Retirement Spending” on Wednesday, May 18 will feature this new Fabric tool. Sponsored by RetireOne, presenters for the event will include David Stone, and Rick Bookstaber and Govinda Quish of Fabric. Register now!
Serving over 1,000 RIAs and fee-based advisors since 2011, RetireOne® is the leading, independent platform for fee-based insurance solutions. With offerings from multiple “A” rated companies, RIAs may access this fiduciary marketplace at no additional cost to them or their clients. Currently servicing over $1.4 billion of retirement savings and income investments, RetireOne continues to grow in its mission to provide advisors and their clients’ valuable retirement solutions that are simple to use, easy to understand, and delivered with outstanding service. Learn more at RetireOne.com and follow us on Twitter @RetireOne.
Founded by Wall Street veteran Rick Bookstaber, Fabric provides institutional-quality risk management technology to individual investors through their financial advisors. Fabric employs agent-based risk models powered by MSCI’s industry-leading factor framework to map out forward-looking risk. By recognizing the narrative nature of risk and distilling complexity into understandable investment insight, Fabric facilitates the deep, differentiated risk conversations that build trust and confidence for the advisor’s clients and prospects. www.fabricrisk.com
The Certificate is designed to protect investors who are concerned that, either because of withdrawals over time, poor market performance, or both, their Covered Asset Pool may be depleted during their lifetime. To address that need, the Certificate in effect provides a limited form of insurance against outliving 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 consider the risks and expenses of the annuity carefully 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. Inform 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 (resident KY license no. DOI-896601). In CA, EFLS is doing business as EF Legacy Insurance Agency LLC (nonresident license no. 0L01472).
The Constance℠ Group Contingent Deferred Annuity is issued by Midland National® Life Insurance Company, West Des Moines, Iowa 50266, offered by EF Legacy Securities, LLC (dba RetireOne), member FINRA and underwritten by Sammons Financial Network®, LLC., member FINRA. 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 RetireOne.
The Constance℠ Group Contingent Deferred Annuity can play an important role in your retirement plan but may not be for everyone. Before investing, you and your financial advisor should discuss aspects that affect the appropriateness of your situation, including cost, investment timeframe and other retirement assets you may have. The Certificate is intended for long-term investment purposes. Excess withdrawals may significantly decrease and even terminate 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 SOLICITATION PURPOSES.
Jody Lowe, The Lowe Group