Pershing LLC, a Jersey City unit of Bank of New York Co. Inc., has begun providing its broker-dealer customers with access to Lincoln Financial Group's annuities.
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The products will be available through the Subscribe annuity platform, Pershing announced Tuesday. They can be viewed on Pershing's NetExchange Pro online brokerage platform and on monthly statements.
Lincoln Financial, of Philadelphia, had $167 billion of consolidated assets as of June 30.
Pershing provides clearing and financial services outsourcing to more than 1,100 institutional and retail financial organizations and independent investment advisers who collectively represent nearly 6 million individual investors.
