Pershing Introduces the Subscribe® Annuity Analytics Dashboard to Drive More Efficient Monitoring of Annuity Contracts and Purchases

May 18, 2015

JERSEY CITY, N.J. - 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. non‐qualified 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

Albridge, an affiliate of Pershing LLC, is a leading provider of enterprise data management solutions that deliver a single view of an investor's broad range of assets. Our proprietary technology consolidates and reconciles client account and transaction data from hundreds of data sources representing banking, brokerage, insurance, retirement, managed accounts and more. Albridge processes this cleansed data and uses it to power a variety of downstream technology solutions, including performance reporting, sales practice monitoring, data warehousing, business intelligence, imaging and workflow. Albridge provides the foundation for financial organizations to leverage a single source of information to power a number of mission critical technology applications. Additional information is available at albridge.com.

About BNY Mellon's 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 6 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 Börse, 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 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 June 30, 2016, BNY Mellon had $29.5 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. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.