Luma Financial Technologies (“Luma”), an independent, multi-issuer structured products and annuities platform, announced that StoneX Financial Inc., a subsidiary of StoneX Group Inc. has selected the Luma platform to offer clients unparalleled access to the structured solutions market. StoneX Group, through its subsidiaries, is a leading provider of execution, risk management and advisory services, market intelligence, and clearing services across asset classes and markets around the world.
Read More: GlobalFintechSeries Interview with Clara Shih, CEO and Founder at Hearsay Systems
“The widespread adoption of structured solutions has long been hindered by the lack of infrastructure available”
Luma’s award-winning, advisor-centric platform streamlines the process of using and creating structured solutions. For nearly a decade, financial advisors in the U.S. & Latin America have used Luma to more efficiently learn, source, compare, create, price, and implement structured products and annuities to better meet their clients’ investment objectives.
“As the market’s leading structured solutions fintech platform, we look forward to bringing our technology to financial professionals in the StoneX network,” said Tim Bonacci, CEO of Luma Financial Technologies. “We’re excited to be expanding our reach into Latin America through this new relationship. By bringing our state-of-the-art infrastructure and tools to this market, we expect to see the adoption rate of the product set grow exponentially as advisors seek to offer clients a more predictable and transparent investing experience.”
Read More: Options Announces Expansion into Gemini Cryptocurrency Exchange
Fernando Concha Bambach, who recently joined Luma as a Key Account Manager in charge of spearheading the firm’s expansion into Latin America, stated, “The addition of StoneX to our list of prominent clients is a testament to Luma’s technology. As market uncertainty and volatility persists, I’m excited to work with financial advisors in Latin America to help them provide suitable solutions that match the portfolio goals of their clients.”
Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize
