SIMON partners with Global Atlantic to expand annuities marketplace

By Pavithra R

SIMON Annuities and Insurance Services has announced a new partnership with Global Atlantic Financial Group to expand its annuities platform and digital marketplace for wealth managers with the addition of fixed and fixed indexed annuities issued by Global Atlantic subsidiary Forethought Life Insurance Company.

“We are thrilled to welcome Global Atlantic, a leader in the annuities industry, to SIMON. Annuities are increasingly gaining traction within well-diversified portfolios because they offer clients a balance of the protection they need with the growth potential they want. We’re looking forward to extending Global Atlantic’s suite of annuity products to the financial professionals and wholesalers using SIMON’s platform, and to differentiating their businesses with SIMON’s leading-edge technology,” said Jason Broder, CEO of SIMON.

Through the integration, financial professionals can find and explore annuity products and features seamlessly, run powerful allocation and income analysis, and access product-specific marketing literature directly from SIMON’s interactive platform.

“Global Atlantic is proud to be launching on the SIMON platform and excited about the accessibility it provides for our products. By incorporating annuity benefits into a holistic client presentation, SIMON makes the financial professionals’ job easier and clearly demonstrates the value of an annuity to clients within the context of their strategy,” said Paula Nelson, Global Atlantic’s Head of Retirement.

SIMON is a FinTech company transforming the digital experience for financial advisors, enabling them to serve their clients better. Its investors include J.P Morgan, Goldman Sachs, Prudential, Barclays, Wells Fargo, HSBC, and Credit Suisse. It’s intelligent and innovative platform delivers an end-to-end digital suite of tools to more than 30,000 financial professionals, who serve more than $3T in assets, empowering them with on-demand education, an intuitive marketplace, real-time analytics, and lifecycle management.