Annexus Named Annuity Innovator of the Year
By a
"After the market crash in 2008, Variable Annuities took a huge hit, and it became very difficult for insurance carriers to effectively hedge their guarantees. Companies started pulling out of the Variable Annuity business, while others raised fees, scaled back benefits and reduced the investment flexibility," said Annexus Co-Founder and Lead Product Designer
"This led Annexus to partner with some of the smartest minds in finance and the investment community to focus on FIA evolution," continued Dady. "Our FIAs have essentially evolved into structured products leveraging 'smart beta' indices developed by some of the largest investment banks and leading academics in finance. This innovation has helped further improve the risk adjusted returns of a client portfolio, while meeting an even broader range of client needs over the traditional FIA. We are excited to be at the forefront of this fundamental shift in the industry, and we are honored to be recognized as Annuity Innovator of the Year."
"We see Registered Investment Advisors (RIAs) and
Annexus will receive the "Annuity Innovator of the Year" award at the 2017
Keywords for this news article include: Annexus, Insurance Companies, Investment and Finance.
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