Jackson National Life Insurance Company® (Jackson®) today announced the appointment of Scott Romine as president of Advisory Solutions for Jackson National Life Distributors LLC (JNLD), the marketing and distribution arm of Jackson. Based in the company’s Franklin, Tennessee office, a commercial hub near Nashville, Romine is responsible for building Jackson’s advisory business across the country.
An industry veteran, Romine returns to JNLD after serving as the president and chief executive officer of National Planning Holdings®, Inc. (NPH), Jackson’s affiliated independent broker-dealer network that was sold to LPL Financial (LPL) in August 2017. Prior to leading NPH, he held various sales leadership positions at JNLD since joining the firm in 1997, most recently serving as president from January 2015 – July 2016. Romine began his career in financial services as a retail investment advisor at Dean Witter Reynolds and holds FINRA Series 7, 24, 63 and 66 registrations.
“Scott has a significant amount of experience leading two parts of our distribution business — the broker-dealer industry and our sales organization — making him the perfect visionary to drive our advisory efforts,” said Greg Cicotte, executive vice president and chief distribution officer for Jackson. “We are excited to have him back at JNLD, and are confident his skillset and institutional knowledge are exactly what we need to build this new initiative and help our partners adapt to our evolving industry.”
Romine now oversees several key departments that are dedicated to educating financial professionals and supporting the company’s strategic advisory initiatives, including the National Sales Desk, National Accounts, Advisory Sales Strategy, Advisory Resource Group, and Trust/RIA teams.
The company also recently named Greg Masucci as senior vice president of National Accounts for JNLD. In this role, Masucci will oversee the National Accounts team, which serves as the liaison for the firm’s valued distribution partners. He joins JNLD from J.P. Morgan Asset Management, where he most recently served as executive director, Global Strategic Relationships. He held various roles during his tenure there, including leadership of the National Accounts teams for both the Wealth Management and Institutional Advisor channels. Prior to joining J.P. Morgan in 2011, Greg held various distribution and sales management roles at Genworth Financial and Merrill Lynch.
“I am excited for Greg to spearhead our efforts as we revitalize the relationships we’ve built with our distribution partners, as well as establish new partnerships in the advisory space,” Romine said. “His extensive industry experience, strong skillset and creative insight will be instrumental as we further develop our National Accounts team and continue to grow our presence in this market.”
Another addition to Romine’s advisory team is Tim Munsie, who recently joined JNLD as senior vice president of the Advisory Resource Group. Munsie comes to JNLD from NPH, where he oversaw the broker-dealer network’s advisory and platform strategy. His group will function as the conduit between JNLD’s products and third-party fintech providers and platforms, particularly those related to the firm’s advisory initiatives.
During the last two years, Jackson has launched several fee-based versions of its leading annuity products. These strategies are designed to ensure advisors and the consumers they serve have access to numerous quality options as they work together to develop a comprehensive financial plan. For more information about these offerings, visit the Products section on www.jackson.com.
To support these product launches, JNLD recently formed a team of Regional Advisory Consultants (RACs), responsible for driving Jackson’s advisory business with fee-based advisors who haven’t historically utilized insurance products. The RACs work with contacts across the country by leveraging a hybrid approach of virtual wholesaling and traditional field travel to enhance advisory sales efforts.
“Since entering the advisory space, we’ve seen tremendous growth and we intend to commit even more resources across the organization to ensure the momentum continues,” Romine said. “This is new territory for the company, so we’re building our advisory efforts from the ground up. We’re working together to ensure all aspects of the business — including our platforms, products and sales teams — are designed to engage and serve financial professionals in the advisory space.”
Jackson is committed to providing education, service support and digital tools to increase the ease of doing business. Financial professionals who would like to learn more about the company’s advisory efforts can contact Jackson at 800-711-JNLD (5653) or visit www.jackson.com.
Jackson is a leading provider of retirement products for industry professionals and their clients. The company offers a diverse range of products including variable, fixed and fixed index annuities designed for tax-efficient growth and distribution of retirement income for retail customers, and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specialized asset management and retail brokerage services. With $264.4 billion in IFRS assets*, Jackson prides itself on product innovation, sound corporate risk management practices and strategic technology initiatives. Focused on thought leadership and education, the company develops proprietary research, industry insights and financial representative training on retirement planning and alternative investment strategies. Jackson is also dedicated to corporate social responsibility and supports nonprofits focused on strengthening families and creating economic opportunities in the communities where its employees live and work. For more information, visit www.jackson.com.
*Jackson has $264.4 billion in total IFRS assets and $250.0 billion in IFRS policy liabilities set aside to pay primarily future policyowner benefits (as of December 31, 2017). International Financial Reporting Standards (IFRS) is a principles-based set of international accounting standards for reporting financial information. IFRS is issued by the International Accounting Standards Board in an effort to increase global comparability of financial statements and results. IFRS is used by Jackson's parent company.
Jackson National Life Insurance Company is an indirect subsidiary of Prudential plc, a company incorporated in England and Wales. Prudential plc and its affiliated companies constitute one of the world's leading financial services groups. It provides insurance and financial services through its subsidiaries and affiliates throughout the world. It has been in existence for over 165 years and has $905.4 billion in assets under management (as of December 31, 2017). Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
This press release may contain certain statements that constitute “forward-looking statements.” Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. However, as with any projection or forecast, forward-looking statements are inherently susceptible to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. There can be no assurance that management’s expectations, beliefs or projections will result or be achieved or accomplished. Any forward-looking statements reflect Jackson’s views and assumptions as of the date of this press release and Jackson disclaims any obligation to update forward-looking information.
Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses, which are contained in the same document, provide this and other important information. Please contact your representative or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.
Variable annuities are long-term, tax-deferred investments designed for retirement, involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59½.
Annuities are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York). Variable products are distributed by Jackson National Life Distributors LLC. May not be available in all states and state variations may apply. These contracts have limitations and restrictions, including possible withdrawal charges, recapture charges and excess interest adjustments (interest rate adjustments in New York). Contact your representative or the Company for more information.
Jackson is the marketing name for Jackson National Life Insurance Company and Jackson National Life Insurance Company of New York.
Melissa Hernandez, Director, Corporate Communications