Abacus Global Management and Retirable Announce Partnership, Integrating Abacus LifeARC™ into Retirable Platform
Abacus clients will gain a direct path to personalized retirement planning
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Abacus Global Management, Inc. (NYSE: ABX) (“Abacus”), a financial services company specializing in alternative asset management, with a focus on longevity-based assets and personalized financial planning, today announced a partnership with Retirable Inc. (“Retirable”), an SEC-registered retirement planning platform built for everyday Americans, to connect Abacus clients with personalized retirement planning.
Abacus works with policyholders at a pivotal moment, when they are deciding what to do with one of their largest assets. This partnership gives those clients a clear next step. Once a client’s policy decision is complete, Abacus and its insurance affiliates will introduce them to Retirable’s licensed fiduciary advisors through dedicated channels, including warm transfers and scheduled introductions, so the conversation about what comes next can start right away.
Abacus will also integrate its AI-powered lifespan modeling technology, Abacus LifeARC™, into the Retirable platform, marking an expansion into new client channels. Abacus LifeARC™ is built on 20 years of proprietary insights. It generates lifespan projections that Retirable’s advisors can use, alongside other planning inputs, to inform retirement income and legacy planning for the everyday retirees and pre-retirees Retirable serves.
“Everyone planning for retirement wants to know how long their savings need to last,” said Jay Jackson, Chairman and Chief Executive Officer of Abacus. “Through this partnership, our clients will have a direct path to Retirable’s advisors when they are ready to ask. Abacus LifeARC™, our intelligence layer, will give those advisors a personalized view of the answer, and bring it to a much broader set of households. Together, we can help more people plan for the life they’ll actually live.”
“We approach retirement planning with the goal of helping people make confident decisions with the resources they have, and longevity is one of the most talked about pieces of that equation,” said Tyler End, CEO and co-founder of Retirable. “Integrating LifeARC™ into our planning process gives our advisors another powerful tool to help clients think more personally about how long their money needs to last, how much they can comfortably spend, and what they want to leave behind. Pairing Abacus’s longevity insights with our personalized, human guidance will help us build even more informed retirement plans for our clients, and give them the confidence they deserve.”
Forward-Looking Statements
All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes, but is not limited to, statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof; Abacus’s ability to successfully effect those strategies, and the expected results therefrom; projections of future earnings and expected capital; Abacus’s ability to generate future cash flows; securitization schedules and timing; future demand for Abacus’s products and services; and the reliability of the Company’s fund structures and corresponding market confidence and expectations. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” “intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).
While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the potential impact of our business relationships, including with our employees, customers, and competitors; changes in general economic and business conditions, including changes in the financial markets; political instability both in the U.S. and abroad, including political violence, terrorism, and war; weakness or adverse changes in the level of activity in our sector or the sectors of our affiliated companies, which may be caused by, among other things, high or increasing interest rates, or a weak U.S. economy; significant competition that our operating subsidiaries face; compliance with extensive government regulation; the failure to meet Abacus’s investment objectives; the inability to raise capital on favorable terms or at all; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.
These forward-looking statements are also affected by the risk factors, forward-looking statements, and challenges and uncertainties set forth in documents filed by Abacus with the U.S. Securities and Exchange Commission from time to time, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.
Risk Disclosure
This disclosure is not a complete analysis of the risks associated with discretionary investment strategies or with an investment by a client. Prospective clients and investors should review the relevant offering memoranda or governing documents for a more detailed list of risk factors and consult their tax, legal, or other advisors before deciding whether to invest. No investment is free of risk, and investments in securities involve risk of loss, including the possible loss of the entire amount invested.
Artificial intelligence depends on data, and no AI tool can account for all of the information that might matter. The data an AI tool uses may contain mistakes, may be incomplete or out of date, or may be flawed in other ways, which could make its results less accurate or useful and could affect any advice or projections based on them.
Abacus LifeARC™ projections are generated by a proprietary model built on historical Abacus insights. They are statistical estimates, are not individual medical assessments or life expectancy reports, and should not be relied on as a definitive statement of any person’s lifespan. No assurance can be given that historical trends will continue or that any projection is accurate.
About Abacus
Abacus Global Management (NYSE: ABX) is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovation, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.
For more information, please visit www.abacusgm.com
About Retirable
Retirable is the first holistic retirement solution built for everyday Americans with the ongoing care of an advisor, offering services across retirement investing, planning and spending. Combining licensed financial advisors with intelligent automation, Retirable helps users turn their savings into reliable income, create custom retirement plans and navigate every stage of retirement with confidence. Founded in 2019 by industry veterans Tyler End and Ian Yamey, Retirable has helped thousands of Americans retire smarter, with over $175M in assets under management and counting. Retirable is headquartered in NYC and backed by investors like Nationwide Ventures, Western & Southern Financial Group, Vestigo Ventures and Primary Venture Partners.
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