Pacific Life launches advisory variable annuity through Schwab
Pacific Life has announced that Pacific Odyssey®, the company’s fee-based, advisory variable annuity, is now available to independent RIAs through Schwab Advisor Services.
Pacific Odyssey offers individuals the ability to grow retirement savings through tax deferral, convert assets to lifetime retirement income, and leave a financial legacy through a guaranteed death benefit. RIAs can build a diversified portfolio that meets their clients’ needs and manage their investment strategies by transferring among a diverse selection of investment options.
“We’re pleased to offer Pacific Odyssey through Schwab Advisor Services and expand the array of investment options available to RIAs,” said Jalina Kerr, senior vice president, Client Experience, Schwab Advisor Services. “This further serves our goal of providing solutions that help advisors best meet their clients’ unique financial needs.”
The Schwab Annuity Concierge Service for Advisors is a dedicated team of licensed annuity consultants available to assist RIAs and their firms with annuity enrollment and provide ongoing support. There is no additional charge to RIAs who utilize the Schwab Annuity Concierge Service. The service simplifies the purchase process and paperwork, so RIAs can focus on growing their businesses.
