Fei Xue Appointed as Vice President of ABL Wealth at Abacus Life

Launched in 2023, ABL Wealth has Aggressive Expansion Plans and Unique Lifespan-Driven Financial Planning and Investment Offerings

ORLANDO, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL), a pioneering alternative asset manager specializing in longevity and actuarial technology, today announced the appointment of Fei Xue as Vice President of ABL Wealth.

Based in Orlando, Ms. Xue brings nearly two decades of experience in asset and wealth management. Having worked at Dynasty Financial Partners most recently, Ms. Xue served as a strategic advisor to some of the largest and most successful Registered Investment Advisors (RIAs) across the country. She partnered with sophisticated leadership teams to help scale their businesses, enhance investment offerings, build efficiencies, and better care for their clients. In her new role, Ms. Xue will oversee the buildout of ABL Wealth and will report to Abacus Life Chairman and CEO, Jay Jackson.

“We are thrilled to have Fei join Abacus in this key leadership role for ABL Wealth. Her broad experience in retail financial services and particular expertise in alternative assets and the RIA community make her a perfect fit for this position,” said Mr. Jackson. 

“ABL Wealth’s launch into the independent wealth management space is a key strategic growth area for Abacus Life, and I am excited to be a part of this journey,” said Ms. Xue. “ABL’s mission is to revolutionize wealth management through data-driven decision making, and we are well-positioned to bring our unique offering to our client base, and to the broader RIA community. This unique partnership with Dynasty will help propel ABL Wealth’s development and growth exponentially in the years to come.”

“We are very happy to have Fei joining Abacus,” added Shirl Penney, CEO of Dynasty Financial Partners. “We are enthusiastic to be supporting Jay and ABL’s impressive growth goals and find it rewarding when our talent transitions to the client side. We firmly believe Fei will play a pivotal role in aligning our two firms, maximizing the synergies in this unique partnership.”

Prior to Dynasty, Fei was the Director of RIA National Account and Due Diligence at CNL Financial Group, where she made significant contributions in capital raising and distribution of their private market alternative investments. Fei also has approximately a decade of experience in market and product intelligence across US and Asia working for J.P. Morgan Asset Management in both New York City and Hong Kong. Fei holds a Bachelor of Science degree from Babson College, and the Chartered Alternative Investment Analyst (CAIA) designation.