If you clear through Pershing you should be aware that beginning August 9 The Income for Life Model will be integrated with NetX360. The integration allows us to automate the IFLM funding/implementation and investment performance reporting functions. These are big developments that will save advisors valuable time. In phase one beginning on August 9, users will be able to link a Pershing account (or a portion of an account) with an IFLM segment. Our systems will allow you to easily allocate funds to segments plus access reports on segment investment performance.
Planned for introduction in October we will introduce "position-based" funding of IFLM segments. This capability will allow advisors to earmark one or more investment positions for the funding of each segment. You'l be able to view a listing of account positions and "point/click" then to the appropriate segment.
These capabilities create the industry's first "front-to-back" solution for retirement income distribution. Again, saving you time and effort so that you can concentrate on more profitable activities including attracting new-business.
Contact your broker-dealer if you wish to access IFLM through Pershing.
IFLM users who are within their first-year minimum required term will be required to fulfill the terms of the one-year minimum licensing agreement.