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Advantus Capital expands retail distribution

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Advantus Capital Management is growing its retail footprint.

Advantus offers investment options for variable retail products such as individual life insurance, annuities and group retirement plans. It also manages the Advantus funds, funds in the Securian Funds Trust (available in variable insurance and 401k platforms), and subadvises retail strategies for other fund families.

Advantus added two wholesalers to its sales staff to assist existing and potential distribution partners with introducing Advantus products to clients and prospects.

Michael Fraser joins Advantus Capital from Minnesota Life Insurance Company where he was an individual annuity wholesaler. Both companies are subsidiaries of Securian Financial Group, Inc.

As regional sales vice president, Fraser is responsible for promoting all Advantus managed and sub-advised retail strategies to financial advisors in the Eastern US. He holds a bachelor’s degree from Rasmussen College and has been active in the investment industry since 2001.

David Serposs also joins Advantus as a regional sales vice president. He joins the company from Minnesota Life, where he was an individual life insurance wholesaler. His Advantus territory is the Western US.

Serposs, who holds a bachelor’s degree from St. Cloud State University, St Cloud, MN, has been active in the investment industry since 2010.

“These talented professionals will provide critical support to financial advisors by helping them understand how to use Advantus funds to their clients’ best advantage,” says Steve Moen, vice president, Business Development. “Advantus offers several managed and subadvised retail strategies that will fit many client needs. Michael and David will help drive sales for these products.”

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