Pershing adds fee-based annuities to its managed accounts system ​

Pershing adds fee-based annuities to its managed accounts system ​
Clearing powerhouse will support more than 70 fee-based annuities from 18 carriers. ​ 
DEC 12, 2019
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. [More:​ Does the world need another custodian?] 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. [Recommended video: Riskalyze spreading its risk number thanks to this technology] 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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