Leverages CANNEX's annuity analysis expertise
and Luma Financial Technologies' institutional product
platform
CHARLOTTE,
N.C., May 22, 2024 /PRNewswire/ -- CANNEX has
partnered with Luma Financial Technologies to launch the CANNEX
Annuity Marketplace, making it easier for financial professionals
at small and mid-sized firms to select annuities and make decisions
on asset allocations, terms, and riders.
The new marketplace provides the ability to
analyze the performance of hundreds of fixed, indexed-linked, and
variable annuities, as well as income annuities. It leverages
CANNEX's annuity data, analysis, and illustration expertise, along
with Luma's market-leading technology platform that serves the
largest financial institutions in the world, to provide a robust,
easy-to-use interface for financial professionals across the
industry.
"As carriers continue to innovate and launch
unique products and features, the importance of being able to
understand and evaluate annuities on a standardized basis has
grown," said Gary Baker, president,
CANNEX USA. "The marketplace's
tools illustrate the performance characteristics of different
annuities consistent with best interest requirements and client
goals."
The CANNEX Annuity Marketplace provides income,
rate, yield, and product information on annuities from more than 60
providers. Advisors can run illustrations across products, asset
allocations, riders, and annuity categories using a range of market
scenarios. For index-linked annuities, hypothetical performance can
be modeled based on the use of an efficient-frontier analysis.
"We're delighted to enhance our existing
partnership with CANNEX to provide financial advisors across the
industry greater access to product selection and configuration
tools through the annuity marketplace," said Jay Charles, director of Annuity Products, Luma
Financial Technologies. "Leveraging our best-in-class technology
and CANNEX's trusted data and analytics, the marketplace provides
an important resource for financial professionals looking to help
clients incorporate annuities into their financial plans."
Find out more here: CANNEX Annuity Marketplace.
About CANNEX
Founded in 1984, CANNEX is an independent
financial data and research services company with operations in
Canada and the U.S. Our mission is
to increase transparency and provide access to guaranteed savings
and lifetime income products in North
America. CANNEX provides data, analytics, illustrations and
research services to insurance companies, banks, brokers, service
providers and independent advisors to help them meet their clients'
financial needs. We invest resources in the research &
development of services and concepts that will assist in the
evaluation and comparison of protections embedded in savings and
income products. For more information about CANNEX, visit
www.cannex.com.
About Luma Financial Technologies
Founded in 2018, Luma Financial Technologies
("Luma") has pioneered a cutting-edge fintech software platform
that has been adopted by broker/dealer firms, RIA offices, and
private banks around the world. By using Luma, institutional and
retail investors have a fully customizable, independent, buy-side
technology platform that helps financial teams more efficiently
learn about, research, purchase, and manage alternative investments
as well as annuities. Headquartered in Cincinnati, OH, Luma also has offices in
New York, NY, Zurich, Switzerland, and Miami, FL. For more information, please visit
Luma's website at https://lumafintech.com.
Contact: Simon Erskine Locke
Islay Communications, Inc.
378099@email4pr.com
Tel: +1-917-359-6969
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SOURCE CANNEX