Abacus Global Management takes minority stake in Manning & Napier in longevity-focused alliance

Abacus joins Callodine Group and East Asset Management arsenic organization investors successful Manning & Napier nether the deal.

The concern is structured astir pb procreation and referrals, merchandise improvement and distribution, and associated lawsuit solutions, Abacus said successful a statement. Central to the confederation is Abacus's proprietary LifeARC platform, which applies actuarial modeling and longevity information to fiscal planning, which Manning & Napier intends to integrate into its wealthiness advisory offering.

"We built Abacus astir a elemental belief: that longevity data, applied well, tin assistance radical marque amended decisions astir their fiscal lives," said Jay Jackson, CEO of Abacus Global Management. "This confederation with Manning & Napier puts that content into signifier astatine scale, with a squad that has been doing this enactment with integrity for decades."

Manning & Napier advisors volition summation entree to Abacus's longevity information and actuarial tools to physique fiscal plans that origin successful lifespan projections and wellness outlook, with a peculiar absorption connected beingness security arsenic an underutilized readying asset.

Under the agreement, Manning & Napier volition besides beryllium capable to connection Abacus Asset Group concern products, including ETFs, longevity funds, and asset-based concern strategies, wherever due to its investors.

The woody includes a bi-directional referral arrangement. Abacus Life Solutions, which generates astir 10,000 lawsuit leads per month, whitethorn nonstop individuals not suited for its halfway products to Manning & Napier's wealthiness advisory platform, portion Manning & Napier clients whitethorn likewise beryllium referred to Abacus's Life Solutions suite.