National Financial grows annuity platform

National Financial Services LLC of Boston, a Fidelity Investments company, announced today that seven additional insurance carrier have joined the company’s annuity program for broker-dealers. The company’s web-based annuity program allows broker-dealers to automate the processing and settlement of annuity products from more than 20 carriers. National Financial also reported that as of Oct. 31, the program has processed and aggregated more than $20 billion in annuity assets. The new companies include: Hartford Life Inc. of Hartford, Conn.; Lincoln Financial Group, of Philadelphia: Massachusetts Mutual Life Insurance Company of Springfield, Mass.; New York Life Insurance Company of New York; Sun Life Financial Inc. of Wellesley Hills, Mass.; and Western and Southern Life Assurance Company and Integrity Life Insurance Company/National Integrity Life Insurance Company, both of Cincinnati. National Financial offers brokerage solutions to nearly 340 clients, representing more than 86,000 brokers. As of Sept. 30, National Financial custodied nearly $713 billion in assets.