Product & Service Launches – 12/19/24

Future Capital Partners With AssuredPartners Investment Advisors

Future Capital, a registered investment adviser that helps other advisers manage client 401(k)s, has partnered with AssuredPartners Investment Advisors to enhance retirement plan services for APIA’s financial professionals. APIA is an affiliate of AssuredPartners, a national investment adviser.

This collaboration gives the financial professionals that APIA serves access to Future Capital’s Construct platform, enabling them to manage clients’ held-away 401(k) assets and identify rollover opportunities.

Construct, which was launched in June, gives advisers trade discretion, customization of their clients’ portfolios, and the ability to determine their fee structure.

“Advisers require access to their clients’ held-away retirement assets to truly offer holistic financial planning,” Jay Jumper, founder and CEO of Future Capital, said in a statement. “For many clients, these assets represent a sizable portion of their wealth and the inability to optimize them to help clients achieve their goals is doing them a disservice.”

TPSU Sees 16% Growth in Attendees Focused on Fiduciary Training

The Plan Sponsor University, founded in 2013, announced growth in 2024 for its fiduciary training for retirement plan sponsors.

According to the university, there was a 15% rise in companies attending TPSU programs for retirement fiduciary training, and a 16% increase in individual attendees seeking fiduciary knowledge and best practices.

Since its founding, the organization has hosted 594 programs with more than 12,800 attendees; in total, these students represent 10,639 organizations and plans totaling $1.1 trillion in assets.

“The appetite by 401(k) and 403(b) plan sponsors to get independent third-party education is growing as plans wake up to the awesome opportunities and challenges of running their organization’s retirement plan,” said Fred Barstein, founder and CEO of TPSU, in a statement. “The most important decision a plan can make is hiring the right adviser, which is why we partner with only the best ones to deliver the training in collaboration with their partners and help them conduct due diligence required by law.”

Pacific Life Launches Registered Index-Linked Annuity

Pacific Life announced that it has entered the registered index-linked annuity market with a new product.

Pacific Protective Growth offers buyers an opportunity to track market indexes while providing levels of protection during market downturns.

This RILA debuts the First Trust Growth Strength Net Fee Index and includes a crediting strategy that potentially can accelerate retirement savings, according to Pacific Life.

“We’ve curated a mix of what we think are the most compelling features found in the market, while introducing a unique combination of crediting strategies and a fresh twist on protected income,” Nick Weber, vice president, annuity product development, Pacific Life, said in a statement.  

Pacific Protective Growth offers five indexes, including two that track index-based exchange-traded funds. The firm stated the annuity features crediting strategies familiar to financial professionals alongside two strategies distinctive from most other RILAs and not found together in a RILA anywhere else.