Deals & People April 30, 2012

Retirement Revolution Names Northeast Sales Leader

The recordkeeper and custodial service provider Retirement Revolution named Gary Crane business development officer for the northeast.
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Crane, who previously worked at ExpertPlan Inc., will be in charge of sales for the northeast territory for Retirement Revolution products. He has experience providing design services for retirement plans, as well as technical consulting services.  

Crane has a bachelor’s degree from Penn State University, completed the Accredited Wealth Management Advisor Program from the Wharton School of the University of Pennsylvania, and attended fi360 to become an Accredited Investment Fiduciary.  In addition, he holds Licenses 7, 63 and 65, Fixed & Variable Annuities, as well as the California State Insurance License for Life and Health.  

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More information about the company is available at http://www.RetirementRevolution.co 

 

Products April 30, 2012

Prudential Annuities Adds New Funds to Investment Lineup

Prudential Annuities, the domestic annuity division of Prudential Financial Inc., announced two new asset-allocation options for its investment lineup.

 

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The AST New Discovery Asset Allocation Portfolio and the AST Schroders Global Tactical portfolio bring Prudential’s asset-allocation portfolios to 19. The portfolios span four strategies and can be used as standalone options or combined.

The AST New Discovery Asset Allocation Portfolio is part of Prudential Annuities’ traditional strategy and will focus on seeking total return based on both capital appreciation and income. It is a multi-asset class portfolio that provides exposure to a diversified mix of domestic and international equity securities, as well as fixed-income securities. It is managed by seven different boutique managers, and will also leverage the Prudential Investments research team, which will manage the overall asset allocation among the seven managers.

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The AST Schroders Global Tactical Portfolio is positioned in the tactical strategy, and combines aspects of a balanced fund with a tactical asset-allocation strategy. This portfolio leverages Schroders’ global perspective and broad investment universe. It has exposure to international equities, expanding portfolio breadth and giving it the potential to benefit from economic trends outside the U.S.

Prudential Annuities also announced Monday the addition of sub-advisers to two existing individual investment options.

The AST Small Cap Growth Portfolio, which had been managed by Eagle Asset Management, will now be co-managed with Emerald Advisers Inc., which brings specialized focus on small-cap growth research and investing.

The AST International Growth Portfolio added Jennison Associates LLC to its managers, William Blair and Marsico Capital Management.

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