Incapital has announced plans to distribute insurance company-issued tax-deferred annuities through its national distribution network of broker dealers, institutions, banks and asset managers.
"Annuities complement Incapital's broad product array by providing advisors with a powerful, tax-deferred solution to help their clients reach their long-term financial goals," said chief executive officer at Incapital, John Radtke (pictured). "Incapital's move into annuities exemplifies our commitment to provide the advisor community with exceptional customer service and competitive products, backed by a leading technology platform and award-winning educational resources."
Patrick Clifford joined Incapital last year to head the annuities team. He was previously in senior positions at insurance and annuity providers Sun Financial Life and John Hancock Financial Services.
"Advisors can expect Incapital to introduce unique annuity solutions from multiple well-established insurance companies that are not available from existing providers," said Clifford. "While the appetite to continue issuing annuities has diminished for some carriers, the demand for what annuities can do for advisors and their clients is only increasing in this period of uncertain markets and interest rates. Incapital is well-positioned to meet this increasing demand."
Incapital has expanded its product range in other areas recently, when it introduced unit trusts onto its platform earlier this month.