Great American Life and Brookstone Capital Management Partner to Offer Fee-Based Annuity
CINCINNATI — August 3, 2017 — Great American Life Insurance Company® is pleased to announce that its fee-based annuity is now available through Brookstone Capital Management (BCM). Adding a fixed-indexed annuity to its platform allows BCM’s advisors to help clients further diversify their portfolios and manage risk.
BCM joins the list of nearly 50 Registered Investment Advisors (RIAs) positioned to sell the Index Protector 7SM, one of the first fee-based annuities to hit the market. It offers competitive earning potential, tax-deferred growth and a return of premium guarantee. In addition, consumers can add the low-cost Income KeeperSM rider, which provides lifetime income payments that could increase each year.
According to Joe Maringer, National Sales Vice President, Great American Life®, the Index Protector 7 offers an opportunity for consumers to accumulate more assets without risking their principal.
“We are thrilled to add a leader like Brookstone Capital to the growing list of RIAs that understand the value insurance adds to a portfolio by helping clients to achieve better results,” said Maringer. “As fixed income yields remain near all-time lows, advisors may be looking for new ways to help clients generate higher returns and offset the impact when rates do rise. The Index Protector 7 may be an attractive alternative to traditional fixed income offerings by providing greater growth opportunity and protection from market downturns.”
According to Dean Zayed, BCM Founder and CEO, the addition of the Index Protector 7 was an easy decision that adds even more options to their diverse platform.
“Brookstone has always been ahead of changes and trends in the industry,” said Zayed. “Giving our 350+ affiliated advisors access to this innovative product is a testament to our belief in fee-based annuities, as well as our commitment to ensuring they have the cutting-edge tools needed to serve each and every client.”
Tony Compton, Great American Life’s Vice President of Broker/Dealer and RIA Sales, adds, “Over the years, we have watched Brookstone Capital become an industry leader in designing risk-managed portfolios. Their advisors are embracing annuities as a part of the solution, so we are excited to partner with them to offer a fee-based fixed-indexed annuity to their clientele.”
Great American Life Insurance Company is a member of Great American Insurance Group® and is rated “A+” by Standard & Poor’s and “A” (Excellent) by A.M. Best for financial strength and operating performance.
About Great American Insurance Group
The annuity operations of Great American Insurance Group (GAIG) offer retirement solutions through the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Annuity subsidiaries include Great American Life Insurance Company® and Annuity Investors Life Insurance Company®. GAIG’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. The members of GAIG are subsidiaries of American Financial Group, Inc. (AFG). AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG. AFG is a Fortune 500 Company with assets of more than $58 billion as of June 30, 2017. Learn more at GAIG.com.
About Brookstone Capital Management
Founded in 2006, Brookstone Capital Management (BCM) is a SEC Registered Investment Advisor firm providing fee-based asset management services. BCM offers investment management through a select network of independent advisor representatives, offering portfolios that span conservative, moderate, and growth oriented risk tolerances. Founder and CEO Dean Zayed established Brookstone with the singular goal of forging strategic relationships with independent advisors to support all aspects of their fee-based advisory business.
S&P rating affirmed February 8, 2017. “A+” is fifth highest of 22 categories. A.M. Best rating affirmed May 12, 2016. “A” (Excellent) is third highest out of 16 categories.