SIMON Markets LLC and Raymond James Launch New Strategic Partnership for Annuities

SIMON Markets LLC and Raymond James Launch New Strategic Partnership for Annuities

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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“Our vision of placing transparent, accessible information in the hands of advisors is strategically aligned with Raymond James’ education-based approach to wealth management”

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.”

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Scott Stolz, President of Raymond James Insurance Group, commented, “Given the diversity and breadth of annuity products in the marketplace , 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.”

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