A new flexible asset allocation tool from Jackson National will help advisers build customized investment solutions, according to the company.
The new Portfolio Construction Tool, an interactive online platform, allows advisers to create portfolios tailored to the individual objectives of the client. The tool assists advisers in choosing the mix of variable annuity subaccounts that is right for the client.
Some insurance companies dictate the asset allocation model for variable annuities with living benefits, but Jackson National takes a different view, allowing the adviser and client to determine how to allocate the assets. Though this is riskier than forcing the allocation themselves, Jackson says their hedging and risk management program allow them to be more flexible.
The tool, which is available for producers appointed with Jackson National, will aggregate historical performance information, subaccount analytics and educational materials. A variety of interactive filters allow advisers to screen investment options by asset class, portfolio manager, investment style, expenses and performance. If a client or adviser has questions about a particular investment option, links to a variety of marketing and educational materials (such as fact sheets, brochures, and videos) are included.
Advisers can use a range of filters to screen investment options by asset class, portfolio manager, investment style, expenses, and performance. They can also save and edit individual proposals and create templates for future use. At the end of the process, the tool creates a summary for the adviser to share with clients.
The Portfolio Construction Tool follows Jackson’s trend of helping advisers create customized retirement income solutions. In October 2010, Jackson introduced LifeGuard Freedom Flex, the industry’s first customizable guaranteed minimum withdrawal benefit (GMWB) rider.
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