Flourish, a platform that provides innovative access to financial
products that help registered investment advisors (“RIAs”) improve
their clients’ financial outcomes, today announced its partnership
with Corebridge Financial, one of the largest providers of
retirement solutions and insurance products in the United States.
Through the partnership, the American Pathway Advisory
multi-year guaranteed annuity (MYGA) that Corebridge launched
earlier this year will be added to the Flourish Annuities platform,
the first end-to-end annuities solution built explicitly for RIAs
and their clients. American Pathway Advisory allows consumers to
lock in growth for three, five or seven years and is designed to
help RIAs maintain a consistent allocation to guaranteed rates
within their client portfolios. The advisory solution brings
enhanced flexibility through innovative renewal options and no
withdrawal charges, which gives consumers access to their money and
makes it easier for RIAs to manage assets should needs or
circumstances change.
The January 2024 launch of Flourish Annuities has generated
remarkable demand from over 200 RIA firms, and stands out as an
operationally streamlined solution, simplified to save time and
minimize complexity. Key features include the Flourish Insurance
Agency, an outsourced insurance desk (OID), which eliminates the
need for advisors to hold insurance licenses; a digital application
process to eliminate complicated paperwork; and a vetted
marketplace of fee-based annuities from multiple carriers.
“With the advent of Flourish Annuities, RIAs now have an
advisor-centric platform to seamlessly add multi-year guaranteed
annuities (MYGAs) to client portfolios to deliver attractive
guaranteed returns, full principal protection, and tax deferred
growth. The addition of Corebridge, one of the largest and most
innovative carriers in the space, expands our marketplace to give
RIAs more MYGA options," said Max Lane, CEO of Flourish. "Every
advisor should be considering MYGAs for client portfolios and the
Corebridge American Pathway Advisory offers clients liquidity and
flexible terms.”
“Our American Pathway Advisory MYGA offers growth and principal
protection along with flexibility and convenience,” said Eric
Taylor, RICP®, Senior Vice President, National Sales Manager,
Corebridge Financial. “We are pleased to bring our advisory
solution to RIAs through the Flourish Annuities platform and look
forward to connecting with more advisors who want to help their
clients take action to build the future they envision.”
Over 800 RIAs managing over $1.5 trillion in combined assets
trust Flourish to help them bring more assets into their orbit. The
Flourish platform allows advisors to feature their firm’s branding,
take discretion or offer as client-directed accounts, as well as
providing client-friendly marketing materials, robust and
customizable compliance resources, white-glove support, and
more.
More information about Flourish’s curated and vetted marketplace
and American Pathway Advisory offered through Flourish Annuities
can be found here: https://www.flourish.com/advisors/annuities.
About FlourishFlourish builds technology that empowers
financial advisors, improves financial lives and retirement
outcomes, and delivers new and innovative investment options to
advisors. Today, the Flourish platform supports more than $5
billion in assets under custody and is used by more than 800 wealth
management firms representing more than $1.5 trillion in assets
under management. Flourish is wholly-owned by Massachusetts Mutual
Life Insurance Company (MassMutual). For more information, visit
www.flourish.com.
About Corebridge FinancialCorebridge Financial, Inc.
(NYSE: CRBG) makes it possible for more people to take action in
their financial lives. With more than $390 billion in assets under
management and administration as of June 30, 2024, Corebridge
Financial is one of the largest providers of retirement solutions
and insurance products in the United States. We proudly partner
with financial professionals and institutions to help individuals
plan, save for and achieve secure financial futures. For more
information, visit corebridgefinancial.com and follow us on
LinkedIn, YouTube and Instagram.
Annuities are long-term products designed for retirement. A
fixed annuity is a contract between consumers and an insurance
company that, in exchange for their premium (earning a fixed rate
of interest), offers a stream of guaranteed income payments.
Annuities are issued by American General Life Insurance Company
(AGL), Houston, Texas. American Pathway Advisory Contract Numbers:
ICC23-AG-810 (7/23) and AG-810 (7/23). AGL is a member company of
Corebridge Financial, Inc. The underwriting risks, financial and
contractual obligations, and support functions associated with the
annuities issued by AGL are its responsibility. AGL does not
solicit, issue or deliver policies in the state of New York.
Annuities and riders may vary by state and are not available in all
states.
Neither AGL nor Corebridge Financial, Inc. is affiliated with
Flourish Insurance Agency LLC or any of its affiliates.
Forward Looking Statements
This press release may contain forward
looking statements that are subject to certain risks and
uncertainties. Actual results, performance, or achievements may
differ materially from those expressed or implied.This feedback may
not be representative of the experience of other customers, and is
not a guarantee of future performance or success.Flourish is an
online platform through which investors can access financial
services and products. Flourish’s offerings are provided by
different entities and are subject to different terms, investor
protections, and risks. Flourish Cash is offered by Flourish
Financial LLC, a registered broker-dealer and FINRA member.
Flourish Financial LLC is not a bank. Check the background
of Flourish Financial LLC and its personnel on FINRA's BrokerCheck.
Flourish Crypto is offered by Paxos Trust Company, LLC, a New York
limited purpose trust company regulated by the New York Department
of Financial Services that provides custody and execution services
for the Flourish Crypto accounts, and Flourish Digital Assets LLC,
registered in New York as a commodity broker-dealer and provides
website and other services and support for Flourish Crypto
accounts. Paxos is not an affiliate of Flourish. Flourish Annuities
refers generally to the annuity platform operated by Flourish
Technologies LLC, where applicable, and to Flourish Insurance
Agency LLC in its capacity as a licensed insurance producer
providing insurance services related to such platform. Flourish
Insurance Agency LLC does business in California under the name
Flourish Digital Insurance Agency. An annuity is an insurance
contract. Annuities shown on the platform are sold through Flourish
Insurance Agency LLC, a licensed insurance producer, with offices
in Jersey City, New Jersey, and are issued by one or more approved
licensed life insurance companies. The Flourish entities mentioned
above are affiliates. Flourish Cash, Flourish Crypto, and Flourish
Annuities accounts are separate accounts and only assets in
Flourish Cash accounts may be eligible for protection by the FDIC
or SIPC. Please review the Legal section of our website, and the
disclosures provided with each Flourish service or product, for
further information. The issuing insurance company, not any
Flourish company, is solely responsible for its own financial and
contractual obligations. All benefits and guarantees of the annuity
contract are subject to the claims paying ability of the issuing
insurance company.
Flourish Insurance Agency LLC and its
Flourish affiliates, and issuing insurance companies do not provide
tax, legal, or accounting advice. This material has been prepared
for informational purposes only, and is not intended to provide,
and should not be relied on for, tax, legal or accounting advice.
Applicants and purchasers should consult your own tax, legal and
accounting advisors before engaging in any transaction.
This is not a proposal or a
solicitation to purchase insurance. Flourish Annuities is not
available to New York residents.
Withdrawals may be subject to a market value adjustment, which
can increase or decrease the value of the annuity, depending on the
interest rate environment.
Marissa Arnold
flourish@marissaarnoldpr.com