Platform provides access to annuities

Fee-only financial advisors now have access to institutionally priced immediate annuities to offer their clients. The platform, Income Solutions, was developed by Hueler Cos. and is being offered through the National Association of Personal Financial Advisors.

Income Solutions allows NAPFAregistered advisors to request lifetime annuity quotes for their clients, and the quotes typically are better than what they can get through retail distributors, according to NAPFA. In addition, consumers can see what an annuity’s true cost is because the platform provides full fee disclosure.