Tegra118’s RetireUp Adds Protective Life Insurance Company to Growing Roster of Insurance Carriers

Builds momentum in solving for retirement and lifetime income needs by continuing to add products from top-tier insurance carriers on its comprehensive platform

Warren, N.J., July 21, 2020 – Tegra118, a top provider of wealth and asset management technology solutions, announced that its recently acquired RetireUp business has added Protective® Income Builder indexed annuity from Protective Life Insurance Company to its extensive lineup of modeled products available on its RetireUp Pro platform.

Tegra118’s leading RetireUp Pro platform allows financial professionals to transform complex concepts into simple numbers engaging visuals and real-life “what if” scenarios. With its ability to model insurance products at the actuarial level directly within the client’s portfolio, Tegra118’s RetireUp Pro enables financial professionals to easily demonstrate the potential benefits of incorporating annuities into a retirement plan for a holistic and personalized approach to the overall financial planning process.

“Tegra118’s RetireUp Pro is a vital tool to help engage clients in the financial planning process, simplify retirement income planning and provide a more personalized approach,” said Jim Wagner, Senior Vice President and Chief Distribution Office, Protective Life. “Including our products on a dynamic platform that enables financial professionals to look at the interconnectivity of risk and retirement to better advise their clients aligns well with our mission of helping people protect their tomorrow so they can embrace today.”

“Protective’s alliance with Tegra118’s RetireUp helps elevate the advisor-client conversation by providing a best-in-class income product,” said Michael Roth, the new Head of Retirement at Tegra118. “Solving for lifetime income in retirement is a complex problem that is unique to each retiree and our technology solves this by continuously adding innovative retirement solutions and modelling them through a user interface that is easy to understand.”

“We’re excited to work with Protective and bring their high-quality income and annuity products on our platform,” said Cheryl Nash, Chief Executive Officer, Tegra118. “One of the ways we demonstrate value to our clients is by working with the highest-rated insurance companies to give financial professionals even greater options in creating personalized, customized income solutions. Protective’s products meet that criteria and help demonstrate the benefits of adding annuities to a financial plan.”

RetireUp’s nimble and efficient software and simulations make it easy for financial professionals to assess a client’s needs for specific lifetime income products by translating complex financial concepts into easy-to-understand “big-picture” visuals, enabling them to help investors become active participants in their own financial futures.

About Protective Life Corporation

Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S. Protective traces its roots to its flagship company, Protective Life Insurance Company – founded in 1907. Throughout its more than 110-year history, Protective’s growth and success can be largely attributed to its ongoing commitment to serving people and doing the right thing – for its employees, distributors, and most importantly, its customers. Protective’s administrative office is located in Birmingham, Alabama, and its 3,000+ employees are located in offices across the United States. As of December 31, 2019, Protective had assets of approximately $120 billion. Protective Life Corporation is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750). For more information about Protective, please visit www.Protective.com.

About Tegra118

Tegra118 is an industry leading provider of software solutions to the wealth and asset management industry with a vast network of broker-dealers, asset managers, and custodians and trading interfaces. Its technology platform provides portfolio management, trading, accounting, rebalancing and reporting for managed accounts. Tegra118 also provides modular, goals-based financial planning, performance reporting and fee billing software for financial advisors and asset managers using modern API-based open technology. Tegra118 is committed to delivering powerful solutions that set a new standard for how people interact with, manage, and grow their wealth.

Tegra118 is a Motive Partners company, a specialist private equity firm with offices in New York City and London, focused on technology-enabled business and financial services companies. For more information, please visit www.tegra118.com.