Pershing has expanded the number of annuity carriers on its custodial platform for registered investment advisers to 20 from seven and increased the number of fee-based annuity products offered to 70.
Pershing, a unit of BNY Mellon, also is introducing access to more than 55 carriers for corporate and hybrid RIAs, the company said in a release.
Pershing also will offer an expanded referral program, which will include brokerage general agencies and insurance marketing organization. The company said it will move suitability reviews to those groups, which will allow breakaway teams to move insurance products with them as they transition to independence.
Federal prosecutors say the scheme used fake investment accounts and a fictitious financial advisor to lure victims into romance-fueled fraud.
Morgan Stanley sought to claw back recruiting bonus money from Darryl Cohen.
Referrals from centers of influence may open the door, but the real key to success for advisors comes from clarity about their ideal clients and where they want to show up.
Three advisor groups overseeing more than $700M in combined client assets head to new firms.
New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
