Skip to main content

Source: Donna Horowitz, The Deal |

The life settlement provider is working with Dynasty Financial Partners.

Abacus Life Inc. (ABL) said it launched a wealth advisory division with Dynasty Financial Partners.

The Orlando, Fla.-based life settlement provider said Monday, Nov. 6, that it has joined forces with Dynasty, a platform for independent wealth managers in the U.S.

ABL Wealth plans to provide clients who seek liquidity from their life insurance policies with comprehensive lifespan-based financial planning and investment management services. The idea is to help clients better understand their longevity data to invest their policy proceeds or other assets into diversified, custom portfolios to achieve long-term financial goals.

Clients also will be able to obtain retirement planning and risk management advice.

“Over the past two decades, Abacus has built an extensive and proprietary lifespan database in concert with the deep client relationships we have developed, which has enabled us to establish valuable longevity-based liquidity options for life insurance policies and create $150 million of liquidity each year for our clients,” Abacus CEO Jay Jackson said in a statement.

Using the firm’s lifespan data for prospective and current clients with financial planning and investment management services is the natural next step for Abacus, he said.

“This launch is yet another illustration of how the independent wealth management space has truly exploded with growth,” Dynasty CEO Shirl Penney stated.

Dynasty, based in St. Petersburg, Fla., is made up of 52 firms representing 330 advisers. The firm’s affiliated advisers oversee about $80 billion in assets under advisement. Dynasty has been in business for 14 years. It also has offices in Chicago and New York.

Source: Donna Horowitz, The Deal |

Blake Gallimore

Author Blake Gallimore

More posts by Blake Gallimore