CHICAGO and BOCA RATON, Fla., June 23, 2014 (GLOBE NEWSWIRE) -- Incapital, a distributor of annuities, unit trusts, fixed income and structured investments, today announced that respected industry veteran Ken DiFrancesca has joined the firm as Managing Director. Ken will be responsible for expanding Incapital's relationships with annuity carriers, and further developing Incapital's annuity product offerings. In this leadership role, Ken will be working closely with Patrick Clifford, who joined Incapital from Sun Life Financial Distributors two years ago.
"We are thrilled that Ken has joined Incapital to grow our annuities line of business," said Phil Johnson, President of Incapital. "Ken brings an unparalleled understanding of the retirement planning challenges facing advisors today. He will be a valuable addition to the Incapital team."
"My mission is to help Incapital create a wider range of unique and compelling annuity solutions to help advisors meet the income and retirement needs of their clients," said DiFrancesca. "One of the ways that we will do that is by adding to the firm's highly regarded list of strategic partners. Ultimately, we hope to have a more robust annuity product set that we plan to distribute across several channels."
DiFrancesca comes to Incapital after leading annuity sales and distribution efforts at Security Benefit. During his career, DiFrancesca has led the annuity and retirement product and distribution efforts as Fort Dearborn Life, MetLife Investors/COVA Financial, and GNA Corporation.
Incapital's annuities group was successfully launched in 2012 to provide access to annuity solutions from highly-regarded insurance companies through the firm's extensive broker-dealer and financial advisor networks.
Based in Chicago and Boca Raton, Incapital has established itself as one of the leading underwriters and distributors of a wide range of securities and investment products to broker-dealers, asset managers and institutional investors. Incapital originates and distributes offerings across multiple asset classes including annuities, unit trusts, fixed income, equity and equity hybrid securities.
Incapital Insurance Services LLC offers annuity products issued by third-party, non-affiliated insurance carriers to registered broker-dealers. Incapital does not solicit or sell to retail investors. Any and all financial guarantees and annuity contract representations are solely the responsibility of the issuing insurance carrier. Like all financial products, annuities may carry certain risks, including investment risk, interest rate risk, inflation risk as well as other risks associated with the respective contract. Any guarantees made by the insurance company are backed solely by the financial strength of that company and not by any governmental or regulatory agency. Investors should consult with a qualified financial advisor, fully understand the terms, conditions, risks, expenses and fees of the respective contract as well as seek assistance in determining the claims-paying ability of that insurance company.
© 2014 Incapital. All rights reserved. Incapital, 200 South Wacker Dr.Chicago, IL 60606. Securities offered through and Unit Trusts sponsored by Incapital LLC, Member FINRA/SIPC. Annuities and insurance products offered through Incapital Insurance Services LLC, Member FINRA/SIPC.
CONTACT: Jim Schaberg, Incapital
Source: Incapital LLC