Pershing Expands Annuity Menu: Annuity Distribution
July 13, 2021 by Allison Bell
Pershing LLC is trying to do more to help financial professionals offer annuities to their clients.
The Bank of New York Mellon Corp. unit recently announced that it’s offering more fee-based annuities, and more annuity-related support services, for registered investment advisors.
Pershing has increased the number of fee-based annuity issuers on its core menu to 20, from seven, and it’s providing some kind of access to 55 carriers. An advisor can view annuity information along with information for other portfolio holdings.