Abacus Life Unveils Wealth Management Division
Abacus Life, a market maker and alternative asset manager specializing in life insurance products, announced the launch of its new wealth management division, ABL Wealth, backed by Dynasty Financial Partners.
ABL Wealth, based in Orlando, FL, will provide clients that currently seek liquidity from their life insurance policies with “comprehensive lifespan-based” financial planning and investment management services.
The division will help clients invest policy proceeds or other assets into diversified, custom portfolios. Additional services will include retirement planning and risk management.
Dynasty Financial Partners will be working with ABL Wealth to build their go-to-market strategy and will provide several services in support of its operations on a go-forward basis including Community, Practice Management, Marketing, Technology, outsourced chief financial officer (OCFO), Compliance, and TAMP/Investments.
“This launch is yet another illustration of how the independent wealth management space has truly exploded with growth,” said Shirl Penney, CEO of Dynasty Financial Partners.
Abacus has serviced nearly $1 billion in life insurance policies over nearly two decades and has experience managing assets for large asset managers and third-party investment funds.