Pershing adds fee-based annuities to its managed accounts system
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Clearing powerhouse will support more than 70 fee-based annuities from 18 carriers.
Clearing and custodial giant Pershing has integrated its managed accounts platform with its annuity order-entry system, making it easier for advisers to incorporate fee-based annuities into their clients’ portfolios.
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Integrating the two systems permits advisers to handle proposals through performance reporting on one system, Pershing said, as well as provide clients with a more holistic view of their financial assets.
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The order-entry platform, Subscribe, supports more than 70 fee-based annuity products from 18 insurance carriers, the company said in a release.
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