{"id":3971,"date":"2024-05-22T08:32:17","date_gmt":"2024-05-22T12:32:17","guid":{"rendered":"https:\/\/www.cannex.com\/?p=3971"},"modified":"2024-05-22T11:36:31","modified_gmt":"2024-05-22T15:36:31","slug":"cannex-annuity-marketplace-launched-to-broaden-industry-access-to-annuity-evaluation-and-selection-tools","status":"publish","type":"post","link":"https:\/\/www.cannex.com\/index.php\/2024\/05\/22\/cannex-annuity-marketplace-launched-to-broaden-industry-access-to-annuity-evaluation-and-selection-tools\/","title":{"rendered":"CANNEX Annuity Marketplace Launched to Broaden Industry Access to Annuity Evaluation and Selection Tools"},"content":{"rendered":"

Leverages CANNEX\u2019s annuity analysis expertise and Luma Financial Technologies\u2019\u00a0\u00a0<\/strong>institutional product platform<\/strong><\/em><\/p>\n

Charlotte, NC, May 22, 2024:<\/strong>\u00a0\u00a0CANNEX has partnered with Luma Financial Technologies to launch the CANNEX Annuity Marketplace, making it easier for financial professionals at small and mid-sized firms to select annuities and make decisions on asset allocations, terms, and riders.<\/p>\n

The new marketplace provides the ability to analyze the performance of hundreds of fixed, indexed-linked, and variable annuities, as well as income annuities. It leverages CANNEX\u2019s annuity data, analysis, and illustration expertise, along with Luma\u2019s market-leading technology platform that serves the largest financial institutions in the world, to provide a robust, easy-to-use interface for financial professionals across the industry.<\/p>\n

\u201cAs carriers continue to innovate and launch unique products and features, the importance of being able to understand and evaluate annuities on a standardized basis has grown,\u201d said Gary Baker, president, CANNEX USA. \u201cThe marketplace\u2019s tools illustrate the performance characteristics of different annuities consistent with best interest requirements and client goals.\u201d<\/p>\n

The CANNEX Annuity Marketplace provides income, rate, yield, and product information on annuities from more than 60 providers. Advisors can run illustrations across products, asset allocations, riders, and annuity categories using a range of market scenarios. For index-linked annuities, hypothetical performance can be modeled based on the use of an efficient-frontier analysis.<\/p>\n

\u201cWe\u2019re delighted to enhance our existing partnership with CANNEX to provide financial advisors across the industry greater access to product selection and configuration tools through the annuity marketplace,\u201d said Jay Charles, director of Annuity Products, Luma Financial Technologies. \u201cLeveraging our best-in-class technology and CANNEX\u2019s trusted data and analytics, the marketplace provides an important resource for financial professionals looking to help clients incorporate annuities into their financial plans.\u201d<\/p>\n

Find out more here:\u00a0CANNEX Annuity Marketplace<\/a>.<\/p>\n

About CANNEX<\/strong><\/p>\n

Founded in 1984, CANNEX is an independent financial data and research services company with operations in Canada and the U.S. Our mission is to increase transparency and provide access to guaranteed savings and lifetime income products in North America. CANNEX provides data, analytics, illustrations and research services to insurance companies, banks, brokers, service providers and independent advisors to help them meet their clients\u2019 financial needs. We invest resources in the research & development of services and concepts that will assist in the evaluation and comparison of protections embedded in savings and income products. For more information about CANNEX, visit\u00a0www.cannex.com<\/a>.<\/p>\n

About Luma Financial Technologies<\/strong><\/p>\n

Founded in 2018, Luma Financial Technologies (\u201cLuma\u201d) has pioneered a cutting-edge fintech software platform that has been adopted by broker\/dealer firms, RIA offices, and private banks around the world. By using Luma, institutional and retail investors have a fully customizable, independent, buy-side technology platform that helps financial teams more efficiently learn about, research, purchase, and manage alternative investments as well as annuities. Headquartered in Cincinnati, OH, Luma also has offices in New York, NY, Zurich, Switzerland, and Miami, FL. For more information, please visit Luma\u2019s website at\u00a0https:\/\/lumafintech.com.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Leverages CANNEX\u2019s annuity analysis expertise and Luma Financial Technologies\u2019\u00a0\u00a0institutional product platform Charlotte, NC, May 22,<\/a><\/p>\n","protected":false},"author":8,"featured_media":3973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17,1],"tags":[],"class_list":["post-3971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-release","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/posts\/3971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/comments?post=3971"}],"version-history":[{"count":3,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/posts\/3971\/revisions"}],"predecessor-version":[{"id":3993,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/posts\/3971\/revisions\/3993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/media\/3973"}],"wp:attachment":[{"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/media?parent=3971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/categories?post=3971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/tags?post=3971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}