NAPFA and Hueler offer retirement products

NAPFA has teamed up with the Hueler to launch a platform that allows fee-only planners to purchase institutionally priced annuities for their clients.
SEP 20, 2007
The National Association of Personal Financial Advisers has teamed up with the Hueler Companies to launch a platform that allows fee-only financial planners to purchase institutionally priced annuities for their clients by the end of the month. As a result of the agreement, Arlington Heights, Ill.-based NAPFA's 1,700 members have access to the Hueler Companies' Income Solutions quoting platform, which provides institutionally priced web-based immediate annuity purchase platform for IRA rollover assets. The platform, which is only available to individuals through retirement plan administrators and plan sponsors, allows advisers to request lifetime income annuity quotes on behalf of their clients at lower prices than that which is typically available through retail distributors. Each of the annuity products offered on the Income Solutions platform can be customized to meet an individual's personal objectives, are competitively quoted, and provide full fee disclosure, according to NAPFA. Some of the companies whose products can be accessed through the platform include AIG Life Insurance Co., Hartford Life Insurance Co., Integrity Life Insurance Co., Mutual of Omaha, Principal Life Insurance Co. and Prudential Insurance Co. of America. Hueler Companies is based in Minneapolis.

Latest News

SEC fines Zoe Financial $450K over undisclosed referral conflict
SEC fines Zoe Financial $450K over undisclosed referral conflict

Salespeople at the firm often went beyond the matching algorithm to recommend network advisors on its Zoe Wealth platform, according to the regulator.

Senate vote on NIL bill could reshape college athletes' paydays
Senate vote on NIL bill could reshape college athletes' paydays

The Protect College Sports Act would cap school payments and codify NIL rights, with implications for advisors guiding young athletes.

'I'm done': Pandemic memories push business owners toward the exit
'I'm done': Pandemic memories push business owners toward the exit

"I know the number that I want to be able to retire on, and now I just want out," says Wilmington Trust's Marguerite Weese, describing a common refrain among business-owner clients.

Northern Trust bulks up family office team with New York hires
Northern Trust bulks up family office team with New York hires

Bessemer and Brown Brothers Harriman veteran Robert Ludricks III and private markets specialist Olof Akesson join the ultra-high-net-worth push on the East Coast.

SEC accuses trucking operator of running $127 million Ponzi scheme
SEC accuses trucking operator of running $127 million Ponzi scheme

765 investors were promised 260% annual returns on truck leases

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains