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Orion Platform Adds Fee-Based Pacific Life Annuities

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Orion Advisor Solutions is adding two fee-based annuities from Pacific Life to a platform that serves registered investment advisors.

One of the annuities is a variable life contract, and one is an indexed annuity.

(Related: Selling Annuities Through Exchange Is Just the Start: Envestnet CEO)

Putting the Pacific Life annuities platform will help Orion system users see Pacific Life annuities along with clients’ other assets, the companies say.

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Orion has relationships with about 2,000 advisory firms with about $1 trillion in assets under administration.

Pacific Life is courting registered investment advisors by adding an RIA channel team. In March, Pacific Life’s RIA team put fee-based Pacific Life annuities on a product distribution platform operated by DPL Financial Partners.

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