Allianz announced Monday that it is partnering with seven broker-dealers to offer its Retirement Pro variable annuity. Retirement Pro is designed for clients who work with a fee-based advisor.
Previously, the Retirement Pro variable annuity was only available through LPL Financial. Now, Allianz will offer the annuity through Cambridge Investments, Advisor Group (representing Royal Alliance, SagePoint and FSC Securities), Commonwealth Financial Network and Valmark Securities.
“Retirement planning is fundamentally shifting as more financial professionals understand the importance of offering their clients guaranteed income products,” Robert DeChellis, president of Allianz Life Financial Services LLC, said in a press release.