SIMON Markets LLC and SIMON Annuities and Insurance Services LLC (“SIMON”) and Raymond James Financial (“Raymond James”) have now unveiled integration that brings SIMON’s end-to-end digital platform for annuities to all 8,000+ Raymond James advisors. The new partnership extends SIMON’s best-in-class insurtech solution to Raymond James’ national network of advisors, aligning both firms in their commitment to radically simplify wealth management through product education and analytics.
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SIMON’s award-winning platform for annuities is now available to all Raymond James advisors via single-sign-on connectivity, delivering an engaging digital experience with access to on-demand training and analytics for annuity products approved at Raymond James.
“Our vision of placing transparent, accessible information in the hands of advisors is strategically aligned with Raymond James’ education-based approach to wealth management,” said Jason Broder, CEO of SIMON. “With this partnership, SIMON and Raymond James are together reshaping the way advisors serve their clients. We couldn’t be more excited to deliver the insurtech capabilities of SIMON’s platform to such an impressive group of market participants, and to have their leadership around the table as we innovate new solutions.”
Scott Stolz, President of Raymond James Insurance Group, commented, “Given the diversity and breadth of annuity products in the marketplace today, education is imperative. Up until now, it’s been a challenge to access all of the available – and often required – training. SIMON’s annuities solution brings all NAIC product-specific training from 20+ carriers to one, easy-to-use platform. In addition, its in-depth product analysis that resides in the system’s Marketplace will make it easier for our advisors to sort through the various product options to find the solution that best meets their clients’ financial needs. To have all of this right on our advisors’ desktops is a huge step forward.”
“As a single source of real-time information about annuity products, SIMON is an end-to-end experience for the recommendation, sale, and servicing of annuities,” added Beth Maziad, Senior Vice President of Raymond James Insurance Group. “While product-specific training and product education are the first pieces implemented at Raymond James, we’re laying the foundation to roll out the platform’s Marketplace and post-trade analytics as well, which will greatly enhance and simplify the advisor experience.”
The annuities solution launch expands the existing partnership between SIMON and Raymond James, following the launch of SIMON’s end-to-end solution for structured investments to all Raymond James advisors in 2019.
Tom Layton, Vice President of Product Management at Raymond James, who played a pivotal role in introducing SIMON to the firm and the subsequent rollout of SIMON’s structured investments solution last year, noted, “SIMON helps our advisors learn about, access, and utilize risk-managed products in a more efficient manner. Expanding our partnership with SIMON to include annuities was a logical next step, and it aligns with Raymond James’ commitment to provide our advisors with industry-leading financial services technology to support their clients and business.”
About SIMON Markets LLC
An award-winning fintech company, SIMON is committed to transforming the digital experience for financial advisors, enabling them to better serve their clients.
SIMON’s intelligent and innovative platform delivers an end-to-end digital suite of tools, empowering advisors with on-demand education, an intuitive marketplace, real-time analytics, and post-trade servicing for complete lifecycle management.
With a focus on reshaping the advisor experience, SIMON is setting new industry standards, simplifying the complex, and delivering structured investment and insurance solutions to investment professionals, centralized within one unique ecosystem.
For more information about SIMON, visit www.simon.io and follow the company on LinkedIn. Securities products and services offered by SIMON Markets LLC, a broker-dealer registered with the SEC, Member FINRA / SIPC. Annuities and insurance services provided by SIMON Annuities and Insurance Services LLC.
About Raymond James Financial
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,100 financial advisors. Total client assets are $855 billion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.
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