Spectra Securities Software will create a partnership with AnnuityNet that will integrate annuities into Spectra’s WealthWare order management software. WealthWare provides a Web-based system for banks, brokerages, insurance companies and financial planners that includes equities, fixed income products, wrap accounts and annuities.

"AnnuityNet’s system will allow advisors and their clients to open annuity accounts, conduct transactions and sub-account switiching and rebalance accounts easily and automatically. Integration with Spectra’s Information Server, an enterprise-wide operational data store, will provide financial institutions with aggregation across all lines of business for a consolidated view of a client’s holdings, including annuities," the company said in a statement.

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