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SIMON reports third quarter highlights

By Edlyn Cardoza

November 12, 2021

  • Asset Management
  • Digital assets
  • Digital Wealth Management
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SIMON Markets, FinTech, Digital Wealth Management, USASIMON Markets LLC, a FinTech company transforming the digital wealth management landscape for financial professionals through its leading platform for alternative investment solutions, recently announced business highlights underscoring its continued growth during Q3 2021.

Noting record quarterly volumes, the company reports a year-over-year increase in structured investment broker-dealer volume of more than +130% and a year-over-year increase in annuities volume of +400%, both as compared to volumes in Q3 2020. During the quarter, the company introduced two new strategic partnerships to expand their suite of product offerings to financial professionals, released significant enhancements to its platform to improve the way advisors manage client accounts with a superior digital experience, and announced new growth initiatives, including the arrival of Digital Assets on SIMON. Catering to a growing demand for risk-managed and alternative solutions, SIMON is focused on giving financial professionals access to a broad suite of products with powerful analytics and seamless integrations to help make well-informed portfolio allocation decisions.

“In Q3, we announced a strategic partnership with a leader in the digital assets space, NYDIG, with whom we are excited to present a suite of educational content and product offerings for bitcoin and other crypto assets,” said Jason Broder, CEO of SIMON. “Advisors and investors today seek adaptability and flexibility with the products they allocate to, and that’s exactly what SIMON delivers—a platform with better tools to navigate the modern investment landscape. Everything we do is to help advisors deliver a better tomorrow for their clients. To that end, we’ve made a lot of progress in Q3, and have several exciting announcements yet to come in Q4.”

SIMON is committed to transforming the digital experience for financial professionals, enabling them to better serve their clients. SIMON’s intelligent and innovative platform delivers an end-to-end digital suite of tools to more than 100,000 financial professionals, who serve $5 trillion in client assets, empowering them with on-demand education, an intuitive marketplace, real-time analytics, and lifecycle management.

With a focus on reshaping the advisor experience, SIMON is setting new industry standards, simplifying the complex, and delivering structured investment, annuity, and defined outcome ETF solutions to investment professionals, centralized within one unique ecosystem. Originally incubated within Goldman Sachs, SIMON launched as an independently operating company in December 2018 under the shared ownership and direction of seven leading financial institutions—Barclays, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Prudential, and Wells Fargo. Growth equity firm WestCap became an investor in 2021.

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