FIG and SIMON launch fintech platform
Wealth managers can now view, analyze, and manage structured investments alongside fixed and registered insurance products through one centralized platform jointly launched by financial services conglomerate Financial Independence Group (FIG) and SIMON.
Strategically aligned with the commitment of both companies to streamline the wealth management experience for financial professionals, the new platform seamlessly integrates FIG’s national distribution capabilities for fixed index annuity, fixed annuity, life insurance, care planning, and disability income solutions with SIMON’s end-to-end digital suite of tools for structured investments and annuities.
Independent advisors and broker-dealers can now access a range of tools and resources—spanning education, product selection, analytics, and lifecycle management—for better product understanding and comprehensive client servicing.
The platform solves an industry-wide technology gap by replacing multiple systems with one centralized location to:
- Easily access and track required training.
- Analyze annuity allocations and allocations within portfolios.
- Access on-demand, real-time product rates.
- Learn how changing rates and market conditions may impact portfolio performance.
- Execute transactions in-platform.
- Track annuity applications from start to finish.
- Analyze policy performance.
With longstanding obstacles to selling and servicing these products removed, financial professionals are now able to work with risk-managed solutions that may have been too unfamiliar or time intensive to effectively incorporate in client portfolios in the past. Those who offer structured investments will be able to merge that business into one digital ecosystem with other products for comprehensive management of their books of business. And professionals who have been hesitant to expand into insurance now have the educational resources to enter the space and easily tackle transactions.