07.07.23

Prudential Advisors Offers Its First Fee-Based Variable Annuity

by: Edward Hayes

Prudential Advisors has introduced a fee-based annuity solution along with its first fee-based variable annuity. The firm rolled out the Prudential MyRock Advisor variable annuity, which is issued by Pruco Life Insurance Company. The move comes as the firm added its latest feature to the Managed Income Solutions platform, a fee-based annuity solution. Over the past few years, Prudential Advisors has rapidly evolved from a distribution platform strictly for insurance and retirement income to a more holistic financial planning model, said Pat Hynes, vice president and head of field sales at Prudential Advisors. “The addition of fee-based annuities was natural given the growth of our investments business.”

Read the full article on Financial Advisor