RetireOne and Nationwide announced Thursday that they are teaming up to expand the distribution of Nationwide's advisory annuity products among RIAs.
RetireOne bills itself as an outsourced insurance desk for RIAs. According to a press release, the firm will soon begin distributing three of Nationwide's advisory annuity solutions, as well as the Nationwide Advisory Variable Universal Life product, through its wholly owned broker-dealer, EF Legacy.
According to Jeff Cusack, chief distribution officer at RetireOne, this development reaffirms his company's commitment to providing RIAs with "next-generation, protected accumulation and retirement income solutions."
Cusack says RetireOne's approach enables fee-based advisors to transfer certain risks from clients to insurance providers and to transfer transactional risk from their firms to RetireOne and EF Legacy Securities. Critically, Cusack says, advisors without insurance licenses can partner with RetireOne to access a marketplace of zero-commission insurance and annuity solutions designed to fit the needs of the end client.
Eric Henderson, president of Nationwide Annuity, says partnering with RetireOne demonstrates his firm's commitment to providing a diverse solution set for today's evolving advisory and investing marketplace.
