Momentum Continues to Build for ARS Among
Advisors, Plan Sponsors, and Participants in 2024
SCOTTSDALE, Ariz., July 30,
2024 /PRNewswire/ -- ARS, a prominent lifetime income
design and technology company, has appointed Dave Paulsen as its Chief Executive Officer.
With over 30 years of extensive experience in retirement plans,
asset management, and insurance solutions, Paulsen is poised to
drive innovation and growth at ARS.
In the last 12 months, ARS has seen impressive adoption of its
products, including doubling the number of enrolled plans and
nearly an 80 percent increase in participant enrollment in
solutions embedded with ARS's patent-pending lifetime income
innovation, Lifetime Income Builder. This growth demonstrates the
need for innovative product design that delivers income guarantees
without the traditional tradeoffs of growth, control, or
simplicity. Employers representing $2.5
billion in target date fund (TDF) assets currently offer
solutions that incorporate Lifetime Income Builder, an increase of
nearly 60 percent in the last year. Growth is expected to continue,
as tens of thousands of plan participants already have access to a
TDF with Lifetime Income Builder.
"I am honored to take on this role and excited to continue to
work toward the many opportunities we have ahead," said Paulsen.
"Our focus at ARS remains designing cutting-edge lifetime income
solutions that enable better participant outcomes and help more
Americans become retirement ready."
Since joining ARS at its inception in 2020, Paulsen has played a
pivotal role in the company's success, establishing ARS as a
respected product designer with its patent-pending Lifetime Income
Builder solution, which offers a guaranteed income strategy by
embedding it within the investment portfolio as an underlying
holding with its own daily unit value.
ARS has forged strategic partnerships with some of the
industry's leading asset managers, insurance providers, and
recordkeepers. Along with its partners, the company has introduced
multiple lifetime income products into the defined contribution
market, including two TDF series. The company continues to focus on
ongoing product development efforts aimed at expanding its
portfolio of offerings. ARS also plans to announce additional
partnerships with top-tier recordkeepers and insurance providers in
the coming months.
"Our success is largely due to our strong leadership team,
combined with industry veterans and experience outside of our
industry, that brings perspective to solve one of our country's
greatest challenges–helping ensure Americans are financially
prepared for retirement," said Paulsen. "Abby Canfield, Chief Operating Officer,
Joe Boan, Chief Distribution
Officer, Tom Haines, Chief
Investment Officer, and Donna
Catalfio, General Counsel, continue to be leaders and key to
our success at ARS."
The team is in active discussions with more than 30 megaplans
and nearly 1,000 unique advisors about the benefits and
opportunities ARS's unique Lifetime Income Builder series brings to
participants. Unlike anything else on the market, this solution
helps drive better outcomes by solving one of the biggest problems
facing participants —guaranteed lifetime income—without requiring
tradeoffs in growth, liquidity, or ease of use. ARS is currently
working with advisors who are pushing for a TDF series with
Lifetime Income Builder to be added as the plan's qualified default
investment alternative.
ARS remains committed to educating the industry and taking a
leading position on the importance of innovation in the market
through its participant-first design philosophy, all while
providing unique products designed to help individuals reach their
retirement goals.
About ARS
ARS designs, develops, and facilitates
distribution of institutional lifetime income products that help
Americans solve their biggest challenge in retirement—outliving
their money. Founded in 2020, the company's over-arching philosophy
centers on delivering better participant outcomes through
innovation. It is led by industry veterans with a combined 175
years of experience in retirement plans, annuities, and asset
management. ARS is headquartered in Scottsdale, Arizona. Learn more about ARS at
www.arsfinancial.com.
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SOURCE AdvantageRetirementSolutionsLLC