NEWPORT BEACH, Calif. (March 30, 2021)—Pacific Life today announced it has expanded access to the company’s three fee-based annuities, Pacific Advisory Variable Annuity, Pacific Odyssey®, and Pacific Index Advisory®, through Collaborative Planning Group (CPG)— a holistic independent broker working with Registered Investment Advisors (RIAs) across the country to provide insurance and annuity solutions.
“We’ve just launched our new investment-focused offering, Pacific Advisory Variable Annuity, and we’re excited for RIAs who partner with CPG to see if this fee-friendly strategy can fit into their clients’ portfolios,” said Doug Mantelli, vice president of RIA Strategy at Pacific Life. “CPG takes RIAs’ clients from the initial assessment all the way through the application process, making it simple for RIAs to evaluate and implement annuities into clients’ plans. We’re happy to be on the CPG platform.”
Client demand for independent investment advice is leading a rapidly growing number of advisors to migrate to the RIA space. Many have seen the wave of innovations in modern annuities and are incorporating these strategies into their clients’ portfolios. Outsourced insurance desks, such as CPG, provide RIAs with unbiased guidance for evaluating annuity offerings and also handle insurance and licensing requirements.
“Our team is thrilled to have Pacific Life on our fee-based annuity platform. Pacific Life’s product line and next-level service are a true value-add for our team,” says Eryka Morehead, president and CEO of Collaborative Planning Group. “Annuities are an integral part of the risk-management conversation. This relationship will continue to help provide education to advisors and solutions that meet the needs of their clients’ overall financial plans.”
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 Life’s advisory annuities or to request a case design, contact an advisory consultant 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 is 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.
Client count as of June 2020 is compiled by Pacific Life using the 2020 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.
Collaborative Planning Group (CPG) is a leading independent insurance brokerage that provides holistic risk-management solutions to advisors and their clients. Founded in 2016 and female-owned, CPG sets out to take a different approach to insurance. With the sole aim of providing the best options available across the market, its team of risk analysts works to find the solutions that meet the unique needs of each client and fit within the context of their overall financial plans. As a licensed insurance consultant, CPG also is able to evaluate clients’ current policies to determine if they are still appropriate or if changes are needed. CPG works alongside financial advisors, attorneys, and other professionals to provide the most well-rounded services for clients.
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 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. Variable and fixed annuity products are available through licensed third parties.