From the Wires
Great American Life Partners with Industry Leader Quovo to Provide Enhanced Data for #1 Selling Fee-Based Fixed-Indexed Annuity
By: Business Wire
Feb. 13, 2018 10:05 AM
Great American Life® announced a partnership with Quovo to integrate data for its fee-based annuity with the industry-leading account aggregation service.
Hundreds of investment advisory firms and thousands of advisors use Quovo to connect account data from over 14,000 financial institutions to gain a holistic view of their clients’ financial portfolios. This partnership enables advisors to access product details and in-depth strategy values for Great American Life’s suite of fixed-indexed annuities, including the Index Protector 7 – the #1 selling fee-based fixed-indexed annuity.
The Index Protector 7 offers benefits that might be missing from an investment portfolio, such as principal protection, tax-deferred growth and lifetime income options. With this new partnership, the Index Protector 7 can be displayed on many popular fee-based platforms that are used for portfolio management, reporting and billing. Additionally, Great American’s data can be displayed within various Turnkey Asset Management Programs (TAMPs).
According to Tony Compton, Vice President B/D and RIA Sales, Great American Life, the partnership comes at an opportune time.
“When you consider the uptick in interest rates and recent volatility in the stock market, advisors are looking for alternative solutions like the Index Protector 7. We’re pleased to partner with Quovo to provide enhanced data, which will ultimately make it easier for advisors to offer their clients a solution that offers competitive growth opportunity without downside risk,” said Compton. “Partnerships like this allow Great American Life to function more seamlessly in the Registered Investment Advisory space.”
“We’re excited to partner with Great American Life to enable them to deliver more robust and granular product-level data. This transparency into Great American Life’s products may enable advisors and their clients to make smarter financial decisions,” said Lowell Putnam, co-founder and CEO of Quovo. “Our partnership with Great American Life validates our expertise within the insurance space and underscores the flexibility of our data model, which was built to span the full breadth of financial account types.”
Great American Life Insurance Company® is a member of Great American Insurance Group® and is rated “A+” by Standard & Poor’s and “A” (Excellent) by A.M. Best for financial strength and operating performance.
The annuity operations of Great American Insurance Group (GAIG) offer retirement solutions through the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Annuity subsidiaries include Great American Life Insurance Company® and Annuity Investors Life Insurance Company®. GAIG’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. The members of GAIG are subsidiaries of American Financial Group, Inc. (AFG). AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG. AFG is a Fortune 500 Company with assets of $60 billion as of December 31, 2017. Learn more at GAIG.com.
Quovo is a data platform providing insights and connectivity for millions of financial accounts across thousands of institutions. With industry-leading Application Program Interfaces (APIs), modular applications, and enterprise solutions, Quovo helps deepen relationships by better connecting institutions and advisors to their clients' financial lives. Today, hundreds of institutions, thousands of advisors, and millions of end-users rely on Quovo's technology for account aggregation, bank authentication, and ongoing insights to build better financial futures. To find out how Quovo can help you, visit Quovo.com.
The Index Protector 7 is the #1 selling fee-based fixed-indexed
annuity according to LIMRA's Third Quarter 2017 YTD U.S. Individual
Annuities Sales Survey.
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