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PrimeVest Offers Online Annuity Administration

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PrimeVest Financial Services has introduced an online annuity-processing system for banks and other financial institutions.

The company says its new AnnuityNet system will help bank reps and managers speed up the issuance of annuities.

The system permits applications and other forms to be prepopulated with client information and verified for suitability while capturing their information for future access.

PrimeVest, St. Cloud, Minn., is a broker-dealer of ING Groep N.V., Amsterdam.