To help participants plan for retirement, AB designed LIS to be an effective accumulation strategy in the working years and a reliable distribution strategy in retirement by combining a personalized portfolio similar to a target-date fund with a flexible guaranteed income program.
Expanded partnership with FIS capitalizes on strengths of both organizations and reflects commitment to invest in the business and enhance delivery of innovative retirement solutions, the firm said.
The firm has historically provided alternative investments in the form of comingled funds, seed opportunities, insurance dedicated funds, CLO warehouses, custom funds and ESG funds.
Cerulli is the latest to question RIAs for ‘not fully understanding’ ESG as an emerging megatrend, which could lead to a potential disconnect with Next Gen investors.