Pacific Life to Court RIAs Through TD Ameritrade: Annuity Distribution

Great American Life Insurance Company has agreed to offer annuities through a new annuities platform for wealth managers established by Simon Markets LLC.

Great American, which is based in Cincinnati, will be making indexed annuities and structured variable annuities through the platform, according to Simon Markets, which is based in New York.

Simon Markets says the new platform sits on the desktops of about 30,000 financial professionals.

Great American is the second insurer to offer products through the platform, Simon Markets says.

Allianz Life Insurance Company of North America is now feeding contract value data for all of its fixed and variable annuities directly into SS&C Technologies' Black Diamond Wealth Platform.

The new data relationship means that the broker-dealers and the RIAs that use the platform can now see Allianz Life annuity contract values in real-time.

Eric Thomes, Allianz Life's chief distribution officer, says in a comment on the relationship that real-time contract pricing data should help an RIA determine how an annuity will fit in a client's financial strategy.

— Read Roper Agrees to Acquire iPipeline, a Key Life and Annuity Distribtech Provider, on ThinkAdvisor.

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