NEW YORK, March 8 /PRNewswire/ -- TD Waterhouse Group, Inc., the global
online financial services firm (NYSE: TWE; TSE), today unveiled its "Annuity
Center" powered by AnnuityNet, Inc. TD Waterhouse is the first online
financial services firm to use the AnnuityNet platform to provide U.S.-based
investors with access to low-cost, tax-deferred variable annuity products and
related educational information at the click of a mouse.
"Variable annuities are an excellent tool for investors seeking
tax-deferred growth, particularly after an investor has fully contributed to
their 401(k) plan or IRA," said Randall M. Miller, Executive Vice President of
TD Waterhouse Group, Inc. "Our alliance with AnnuityNet has helped us
simplify the traditionally difficult task of researching and applying for
variable annuities by putting all the tools investors need at their fingertips
in our new online Annuity Center."
Through TD Waterhouse's "Annuity Center" individual investors have access
to a host of variable annuity tools and products including:
* Online access to educational information about the features and benefits
of annuities;
* Comprehensive information about the annuity products offered online;
* The ability to fill out applications online; and
* Online tracking of their annuity contract.
"This agreement recognizes the growth potential of variable annuities that
are sold and administered in an online environment and showcases our deep
technology solution for annuity distributors," said Steve Dunlap, vice
president, Financial Advisor Channel of AnnuityNet. "Our philosophy has
always been to provide access to a select number of high-quality, low cost
annuity products all in an easy to understand, online environment free of
sales pressure. As a leading provider of online investing services, TD
Waterhouse is an ideal partner."
TD Waterhouse Group, Inc., (NYSE: TWE; TSE), also known as "TD
Waterhouse," provides investors with a broad range of brokerage, mutual fund,
banking and other consumer financial products on an integrated basis.
Worldwide, TD Waterhouse currently services 4.5 million customer accounts in
the United States, Canada, the United Kingdom, Australia, and Hong Kong. The
firm also has joint ventures in Japan, India and Luxembourg to serve investors
in those countries. TD Waterhouse can be found on the Internet at
http://www.tdwaterhouse.com and on America Online at Keyword: TD Waterhouse.
Based in Leesburg, Virginia, and launched in 1997, AnnuityNet was the
first company to reengineer variable annuities for sale directly through the
Internet. Additionally, AnnuityNet is also the first and only company to
harness the power of e-commerce to cut costs, give investors greater
involvement and control over their retirement planning and help make annuities
easier to buy and understand.
SOURCE TD Waterhouse Group, Inc.
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Related links:
http://www.tdwaterhouse.com
CONTACT:
Melissa Fox, Manager, Public Affairs of TD
Waterhouse Group, Inc., 212-908-3101,
melissafox@tdwaterhouse.com; Robin Yasinow of Richardson, Myers &
Donofrio, 410-576-9000, ryasinow@rmd.com, for AnnuityNet
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