Gas pipes sit near a liquefied natural gas (LNG) storage tank under construction at Tokyo Electric Power Co.'s (Tepco) Futtsu gas-fired thermal power plant in Futtsu, Chiba Prefecture, Japan, on Monday, Sept. 10, 2018. Japan will maintain a target for clean energy to account for as much as 24 percent of the countrys power mix by 2030, according to a long-term plan approved by the Cabinet in July. Photographer: Tomohiro Ohsumi/Bloomberg (Photo: Tomohiro Ohsumi/Bloomberg)

TD Ameritrade Institutional has agreed to offer a variable annuity from Jackson National Life Insurance Company to independent RIAs.

The fee-based annuity, the Perspective Advisory II contract, gives advisors the flexibility to develop their own portfolios, rather than locking clients in to using prepackaged asset-allocation options, according to Jackson.

(Related: Michael Falcon to Succeed Barry Stowe at Jackson National)

Jackson says its operations team will support TD Ameritrade’s consultants.

TD Ameritrade Institutional will provide the annuities through The Insurance Agency of TD Ameritrade LLC, to clients of independent RIAs who use TD Ameritrade Institutional custody services.

In September, Jackson said it expected to offer the Perspective Advisory II annuity and other contracts through the Envestnet Insurance Exchange program.

— Read Why Hybrid RIAs Are Enjoying Stellar Growth, on ThinkAdvisor.

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