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NORTHFIELD, Ill., June 09, 2017 -- The creator of the leading annuity software, Beacon Annuity Solutions, LLC, today released a scalable, stand-alone annuity disclosure tool to help broker dealers, banks, RIAs and FMOs, support the Department of Labor “DOL” fiduciary regulations as well as PTE 84-24. The new offering is called AnnuityNexus™.
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“AnnuityNexus™ was designed to provide, carrier reviewed, detailed product comparison and disclosure reports to quickly and easily document annuity sales recommendations and exchanges in this post DOL world,” says Jeremy Alexander the founder and CEO of Beacon Annuity Solutions.
Increase sales and reduce compliance risk. AnnuityNexus™ is completely configurable - allowing distributors to define the firm-specific product shelf for their fixed rate, fixed indexed and variable annuities in one intuitive interface. Detailed product information necessary to make informed annuity decisions while communicating recommendations to clients and prospects. Stay in full compliance by documenting an advisor’s product comparison or exchange recommendation with FINRA reviewed, archivable client facing reports.
Streamline exchange sales with a simple to use wizard. Easily search through the industry’s largest repository of annuity information. Compare the features and benefits between selected fixed rate, fixed index and variable annuity products in one simple search. Allow for quick exchange comparisons between more than 2,700 open and closed products with product histories dating back more than 20 years. Pull in historical product and rider information and get a view of the product as it was offered on the original purchase date. AnnuityNexus™ allows annuity manufacturers to create any number of proprietary product variations to their “national” version and then control which variation is accessed by each specific distributor.
At launch, AnnuityNexus™ supports more than 250,000 financial advisors through 30 of the largest broker dealers and FMOs, and hundreds of banks and financial institutions.
About Beacon
Beacon Annuity Solutions, LLC is an affiliate of Beacon Research which was founded in 1997. Beacon Annuity Solutions develops software and analytics for the financial services industry leveraging award winning Beacon Research annuity data. Beacon data and software is used by the clear majority of annuity manufacturers to support product development, rate setting and competition research. Beacon also licenses information and software tools to other platforms including EBIX Exchange.
For more information, visit http://www.beaconresearch.net or contact David Hunsinger at [email protected] or (847) 864-5447.
