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Retirement Planning > Retirement Investing

Allianz expands distribution for variable annuity

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Seven new broker-dealers have added Allianz Life Insurance Company’s Retirement Pro Variable Annuity to their advisory platforms.

Previously available only through LPL Financial, the product will now be offered through Cambridge Investments, Advisor Group (representing Royal Alliance, SagePoint and FSC Securities), Commonwealth Financial Network and Valmark Securities.

Allianz Retirement Pro is designed for clients who work with a fee-based investment advisor and is meant to help them with the accumulation, preservation and distribution of retirement funds.

“Establishing strategic relationships with these broker-dealers confirms that Retirement Pro is the right product for that distribution channel, and we expect that the interest we’re receiving from other broker-dealers will produce similar relationships in the near future,” says Robert DeChellis, president of Allianz Life Financial Services.

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