JERSEY CITY, N.J., May 18, 2015 /PRNewswire/ -- Pershing, a BNY
Mellon Company, today announced the launch of the
Subscribe® Annuity Analytics Dashboard – an annuity
data, reporting and presentation tool powered by Albridge
Analytics. The new solution provides Pershing's clients with an
integrated, efficient solution for managing annuity sales flows and
more transparency of new and existing business for improved
oversight, compliance, and regulatory review.
The dashboard allows firms to address tactical and strategic
concerns, and more effectively monitor, manage, report, share and
forecast key aspects of their annuity business. Available as a
premium offering through Subscribe® and accessible through
Pershing's NetX360® platform, it combines the
flexibility of the Albridge Analytics dashboard technology with
Subscribe's firm-specific annuity business information to offer a
powerful, one-of-a-kind solution for annuity management and
compliance oversight.
"Annuities contracts and purchases are being examined more
closely. As a result, monitoring of these products has become
increasingly important for firms," said Rob
Cirrotti, head of retirement solutions at Pershing. "We
created the Subscribe Annuity Analytics Dashboard to help
broker-dealers better understand and report on all of their annuity
business, to become more strategic, and to more effectively
navigate compliance."
Using information from more than 50 individual insurance
carriers, the Subscribe Annuity Analytics Dashboard can help
distributors evaluate the annuity business of their financial
advisors using a number of factors, including annuity type,
transaction type, IRS qualification and detailed attributes about
the annuity owner. The dashboard can also assist firm management
and marketing professionals to identify offices or advisors that
may need additional support.
The dashboard includes information on both networked and
non-networked positions across two modules:
- A positions module, sortable by carrier, plan type, issue and
surrender date, owner or advisor available for both networked and
non-networked positions sent to Pershing by carriers. Data includes
date of issuance, surrender date, current value, owner/annuitant
demographic information and all advisor information.
- An order module, containing data associated with new and
subsequent premium transactions, which can help firms better
understand carrier concentrations, monitor exchange activities and
regulatory detail in the event of a FINRA audit or regulatory
visit. Detail in this module includes identifying 1035 exchanges
and qualified transfers, product type, issuing carrier, state of
solicitation, qualified vs. nonqualified and advisor
information.
Data from both modules can be easily filtered, sorted and
exported to Excel, providing added flexibility.
For more information visit
http://www.albridge.com/albridge_analytics.html.
About Albridge Analytics
Albridge Analytics is a
division of Albridge Solutions, Inc. Albridge Solutions is an
affiliate of Pershing LLC. Albridge Solutions is a leading provider
of enterprise data management solutions.
About Pershing
Pershing and its affiliates provide
global financial business solutions to advisors, asset managers,
broker-dealers, family offices, registered investment advisor firms
and wealth managers. A financial services firm located in 23
offices worldwide, Pershing provides business-to-business solutions
to clients representing 5.8 million active investor accounts on the
U.S. platform. Pershing affiliates are members of every major U.S.
securities exchange, and its international affiliates are members
of the Deutsche Borse, Australian Stock Exchange, Irish Stock
Exchange, London Stock Exchange and Toronto Stock Exchange.
Pershing LLC (member FINRA/NYSE/SIPC) is a BNY Mellon company.
Additional information is available on www.pershing.com, or follow
us on Twitter @Pershing.
About BNY Mellon
BNY Mellon is a global investments
company dedicated to helping its clients manage and service their
financial assets throughout the investment lifecycle. Whether
providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment
management and investment services in 35 countries and more than
100 markets. As of March 31, 2015,
BNY Mellon had $28.5 trillion in
assets under custody and/or administration, and $1.7 trillion in assets under management. BNY
Mellon can act as a single point of contact for clients looking to
create, trade, hold, manage, service, distribute or restructure
investments. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Additional information is
available on www.bnymellon.com, or follow us on Twitter
@BNYMellon.
Contact: Paul
Patella
+1 201 413 3609
paul.patella@pershing.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pershing-introduces-the-subscribe-annuity-analytics-dashboard-to-drive-more-efficient-monitoring-of-annuity-contracts-and-purchases-300084769.html
SOURCE BNY Mellon