WealthVest launches a new tool to help financial professionals with Regulation Best Interest.
May 11, 2021 by WealthVest
Today, WealthVest, a financial services firm specializing in retirement savings and income products, announced the launch of Best Interest Report Card, a new tool designed to assist financial professionals with the selection of annuity products for their clients.
Launched in response to the new standards implemented by Regulation Best Interest in early 2020, the Best Interest Report Card tool provides financial professionals with a straightforward, compliant way to fairly evaluate products and find options that meet their client’s needs. The free tool can assess products based on clients’ income and accumulation goals, as well as competing product features.
“We are thrilled to have developed a proprietary software that will help our agents and advisors select an annuity that is in the best interest of their clients,” said Wade Dokken, CEO and President of WealthVest.
In addition to assessing products based on clients’ goals, the tool can also evaluate products based on the following criteria:
Financial strength
Guaranteed income
Accumulation
Enhanced Death Benefit Rider
Bailout Rate
Market Value Adjustment (MVA)
Crediting Strategies
Further, the tool produces an unbiased, printable product report that can then be included with a client’s file, as required by Regulation Best Interest. Request a demo or create a free account at https://bestinterest.wealthvest.com/account/home
WealthVest is excited to have partnered with Beacon Research to provide daily product information to stay up to date on the constantly changing annuity market. Beacon Research is a top provider for current annuity research with their data covering over 95% of the annuity marketplace and across the entire suite of annuity products.
“As a pioneer in the industry, Wealthvest has brought together an exceptional team of talent to build and implement their new Best Interest Report Card,” said Jeremy Alexander, CEO, Beacon Annuity Solutions. “Beacon is pleased to support this new initiative by providing Wealthvest with real-time access to our comprehensive annuity product and rate database.”
WealthVest is proud to provide another tool to help financial professionals build their practice and enhance their clients’ financial experience. Learn more about WealthVest at http://www.wealthvest.com.
About WealthVest
WealthVest is a financial services firm specializing in the distribution of low risk, high quality products to support Americans’ retirement savings and income needs. WealthVest designs, markets, and distributes these essential products throughout the nation and is squarely focused on developing products with the highest consumer value.
WealthVest was founded in 2009 by former CEO of American Skandia, Wade Dokken, and former CEO of Hartford Life Limited, Europe, Lincoln Collins. From the beginning, the company has provided financial professionals with exceptional field and phone support, effective sales training materials, thorough coaching, and the highest quality products.
About Beacon Annuity Solutions
As a recognized leader in quality annuity data and research tools for the past 22 years, Beacon Annuity Solutions provides over 250,000 industry professionals with the market intelligence needed to support their product, sales, and compliance efforts. Our comprehensive and unsurpassed data warehouse maintains quality up-to-date information for thousands of annuity contracts including fixed, fixed indexed, variable and indexed variable products. Along with our extensive sales data, subscribers are able to keep a finger on the pulse of the annuity industry, allowing for the identification of trends and opportunities in a timely manner.
Founded by a former financial planner, Beacon Annuity Solutions understands the importance of annuities as part of a client’s retirement strategy. In support of that need, Beacon offers a wide variety of tools powered by our comprehensive and unsurpassed product library, to help your firm; minimize compliance risk, support and monitor the sales process, maximize sales, conduct product research, and support product development and pricing efforts.
Additional information about Beacon Annuity Solutions can be found at http://www.beaconresearch.net
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Contact – WealthVest
Grant Collins
Product Manager
(406) 922-6286
gcollins@wealthvest.com
