Luma Selects CANNEX to Boost Annuity Featuring | Organization & Finance

Backed by 3 of the world’s largest banks, the Luma platform simplifies complex economical instruments this kind of as structured items and annuities, as well as streamlines what has historically been a handbook expense method. Luma’s annuity resolution aids economical industry experts in finding out, transacting, configuring, and handling annuities, which in flip gives the ability to give their clients a wider selection of cash flow-making alternatives.

“We’re happy to present our consumers with an unmatched sales knowledge through the entire annuity lifecycle,” mentioned Jay Charles, Director of Annuities at Luma Financial Systems. “Our partnership with CANNEX enhances our platform’s knowledge and analytics capabilities, so advisors can make the most knowledgeable tips to their customers when it comes to together with annuity items in a correctly balanced portfolio. In the end, our market place-primary technologies is revolutionizing the annuity marketplace and providing a effective device for advisors to utilize in meeting their clients’ retirement demands.”

By partnering with CANNEX, Luma customers will receive merchandise info and modeling aid throughout all annuity forms such as set charge, fastened indexed, registered index-joined, and variable annuities. The CANNEX database and illustration engine will empower financial professionals applying the Luma platform to exploration and pick out products and solutions as nicely as illustrate accumulation and revenue overall performance before continuing with the application method. CANNEX modeling capabilities will also enable advisors to take a look at a assortment of allocation solutions underneath various market scenarios for indexed and variable merchandise.

The Luma partnership is made possible with a new current launch of the CANNEX savings annuity platform. By doing work carefully with over 30 provider companions, CANNEX is capable to supply a solitary normalized source of exact information and illustrative results to third celebration applications and support vendors who want to strengthen the efficiency and performance of sales and organizing processes.

“We are thrilled about the prospect to aid Luma’s annuity option,” mentioned Gary Baker, Chief Operating Officer at CANNEX Financial Exchanges. “Our modern implementation will not only allow Luma to demystify annuities for much more financial experts, but also enable them to correctly and confidently use annuities and existing them to their shoppers. Insurers strive to enhance price to the policyholder, which success in products differentiation. At the same time, money experts need to have to be capable to determine the very best methods for their clients from a sea of possibilities. As a result, solutions can be tricky for the typical financial specialist to fully grasp and deploy for the shopper. The CANNEX platform assists bridge the hole between product or service complexity and the need for simplicity in the marketplace.”

About Luma Fiscal Technologies

Luma Economic Technologies is the creator of Luma, a fully customizable, unbiased, purchase-side system that can help economical groups extra proficiently learn, produce, buy, and regulate market-connected investments this sort of as structured products and solutions, structured annuities and extra.

Launched in 2011, Luma is one of the premier and longest-tenured structured products platforms in the U.S. industry and is utilised by broker/vendor firms, RIA places of work and personal banking institutions to automate and improve the full course of action cycle for providing and transacting in market place-linked investments. This includes education and learning and certification creation and pricing of personalized structures buy entry and post-trade actions. Luma is multi-issuer, multi-wholesaler and multi-products, thus delivering groups with an intensive breadth of market-connected investments to most effective meet clients’ certain portfolio wants.

Headquartered in Cincinnati, OH, Luma also has places of work in New York, NY, and Zurich, Switzerland.

CANNEX Economic Exchanges supports the trade of knowledge, pricing and investigate for price savings and retirement solutions in North The united states. The agency gives economic institutions with the ability to assess and review guarantees and hypothetical efficiency offered by retirement items. In the U.S., this involves the evaluation of annuities as effectively as consulting solutions supporting the optimization and allocation of retirement income portfolios. For much more information on CANNEX Economical Exchanges check out www.cannex.com.

Keyword: UNITED STATES NORTH The usa OHIO

Market Keyword: FINANCE Info Administration Professional Solutions Technology Program

Source: Luma Fiscal Technologies

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PUB: 04/14/2021 09:12 AM/DISC: 04/14/2021 09:12 AM