TAG Advisors Adds New Specialty Markets Leader Carmine LaCognata
Veteran industry executive Carmine J. LaCognata has joined Enterprise OSJ TAG Advisors as Director of Specialty Markets. In this new role, LaCognata will lead initiatives to solve for the unique wealth accumulation and retirement planning needs of highly affluent clients.
LaCognata will channel his expertise in crafting tax-efficient accumulation strategies with specially priced variable universal life products. His deep experience and collaboration with both financial institutions and financial professionals has been instrumental in delivering these innovative solutions to clients nationwide.
“Highly successful individuals face constraints in taking full advantage of tax-advantaged retirement programs,” reports LaCognata. “They often earn too much to contribute to Roth IRAs, and want to save more than the typical retirement plan allows. This new program at TAG Advisors enables affluent clients to invest in growth portfolios on a tax-deferred basis, aimed at helping them to accumulate more retirement funds.”
Unlike many other life insurance products, these specially priced variable universal life policies offer a wide range of investment options, including managed portfolios and buffered indexed investment selections. The plans are developed in collaboration with clients and coordinated with their tax and legal professionals, and supported by a robust performance monitoring and reporting system.
“Some retail insurance products have high fees and surrender charges. This program provides great flexibility, institutional pricing, and full liquidity from the outset,” notes LaCognata.
Greg Raines, Chief Executive Officer at TAG Advisors, notes that “for most clients, preparing for retirement is the most challenging part of financial planning. It makes sense to protect them against excessive market swings. And since this solution is life insurance-based, it provides vital death benefit protection to a client’s family as well.”
This solution is offered in conjunction with TAG Protect, the risk management division of TAG Advisors. Eric Miller, Managing Director, sees it as a natural extension of their services and insurance solutions. “We help our financial professionals safeguard client income sources, assets, and estates. Helping them prepare their clients for retirement is the logical next step,” explains Miller.
This program expands the retirement and financial planning support TAG Advisors provides financial professionals affiliated with the Enterprise OSJ, adding to its already robust portfolio of services including TAG Retire, TAG Invest, and TAG Planning.
TAG Advisors is a national community of over 400 thriving, independent financial professionals across the country, with over $17 Billion in assets under advisement. The management and staff of TAG Advisors represents decades of experience in all facets of financial services.
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Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment advisory services offered through Investment Advisor Representatives of Cambridge Investment Research 4Advisors, Inc., a Registered Investment Advisor. Each company is independently responsible for the products and services they provide. Representatives of Cambridge Investment Research, Inc. do not provide tax or legal advice in their roles as registered representatives. Cambridge and TAG Advisors and its subsidiaries are separate entities.