National Financial grows annuity platform

National Financial Services has added seven insurance carriers to the company’s annuity program for B-Ds
NOV 15, 2007
By  Bloomberg
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.

Latest News

Judge OKs more than $90 million in settlement money for GWG investors
Judge OKs more than $90 million in settlement money for GWG investors

Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.

Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs
Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs

Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.

Retirement uncertainty cuts across generations: Transamerica
Retirement uncertainty cuts across generations: Transamerica

National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.

Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future
Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future

While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.

Raymond James continues recruitment run with UBS, Morgan Stanley teams
Raymond James continues recruitment run with UBS, Morgan Stanley teams

A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave