Internet Pipeline Inc. (iPipeline) has given the public a peek at transaction volume at its Affirm for Annuities order-entry system.
Advisors who sell annuities can use the iPipeline system to meet state and federal annuity sales requirements. Advisors can, for example, use the system to manage annuity transaction suitability reviews.
The Affirm for Annuities system handled 240,000 annuity transactions in 2018 for 35,000 advisors, and those transactions involved $31 billion in deposits, according to iPipeline.
Those figures suggest that the advisor users averaged about seven Affirm for Annuities transactions each in 2018, according to ThinkAdvisor calculations.