Pershing, a subsidiary of The Bank of New York Company, announced Wednesday that it will now provide access to RiverSource Annuities’ annuity products through Subscribe, Pershing’s annuity platform.
RiverSource’s annuities will now be available for viewing on Pershing’s NetExchangePro online brokerage platform and on monthly statements, allowing investment professionals to service and maintain annuity contracts in what Pershing hopes is a more efficient manner.
“Pershing works closely with the industry’s leading organizations to provide access to sophisticated financial products and services, such as RiverSource’s selection of annuities. We are pleased to offer these products and will continue to broaden the array of annuity providers who participate in Subscribe,” says Ron Fiske, managing director of the product management and development group at Pershing.