RetireOne has announced the addition of Corebridge Financial to its carrier lineup.
Corebridge brings two commission-free annuity products to the RetireOne platform, both geared toward fee-only financial advisors.
Corebridge, formerly AIG Life & Retirement, provides a range of retirement solutions and insurance products. With the new RetireOne partnership, the firm's annuity solutions will be available to more registered investment advisors seeking commission-free products for their clients.
Jeff Cusack, chief distribution officer at RetireOne, says the addition of the Corebridge annuity products to the platform will help address the unique needs of fee-only financial advisors.
As fiduciaries, RIAs are generally unable to accept the commissions that insurance firms typically pay advisors for selling annuity products. Recognizing this issue, platform providers like RetireOne are creating new forms of annuity distribution that let advisors incorporate annuities into their practices and receive compensation from fiduciary clients as part of their advisory fee.
