SIMON Expands Digital Wealth Management Platform to Include Exchange Traded Funds; Launches New Marketplace with Innovator’s Defined Outcome ETFs

SIMON Expands Digital Wealth Management Platform to Include Exchange Traded Funds; Launches New Marketplace with Innovator’s Defined Outcome ETFs

SIMON Markets LLC (“SIMON”) announced it has expanded its digital platform to deliver financial professionals access to exchange traded funds (“ETFs”), launching its ETF Marketplace with the Buffer ETFs from Innovator Capital Management (“Innovator”). Innovator’s Buffer ETFs are part of their Defined Outcome ETFs family and are the first ETFs that seek to offer exposure to the upside performance of major market indices with known levels of downside buffers. Buffer ETFs seek to offer downside risk management features over predetermined outcome periods in a similar fashion to other risk-managed solutions on the SIMON platform. In direct strategic alignment with the missions of both firms, financial professionals using SIMON will now be able to explore adding the attractive attributes these products can bring to a client’s portfolio—with the depth of analytics they have come to expect from the platform and a simplified, end-to-end lifecycle experience.

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“ETF Issuer of the Year – 2019”

“With a focus on delivering clarity around their products, Innovator has worked to build the awareness and market for defined outcome investments. Investors can benefit from the efficiency and transparency of the ETF structure, together with the risk management features that these products can offer. SIMON is excited to extend the technology we’ve built for risk-managed solutions to this class of ETFs, and about what this means for the broader investment options the professionals on our platform will now have access to,” commented Timur Kocaoglu, Chief Operating Officer of SIMON.

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Bruce Bond, Co-Founder & CEO of Innovator, said: “SIMON is a market leading digital platform that helps advisors to better understand our products throughout their lifecycle. By creating the Defined Outcome ETF market, our goal has always been to bring revolutionary funds to the market that improve the investing landscape by providing more certainty in financial outcomes. Partnering with SIMON is a natural next step for us that will provide us the opportunity to accelerate product education and market adoption across its existing network of firms.”

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