structuredVIEWS

Structured Product Platforms to Execute 50% of Transactions, Predicts Luma’s CEO Tim Bonnaci

As discussed in a recent publication from Risk.net, 5-10% of the US structured products market transactions occur on electronic platforms. However, Tim Bonacci, CEO and founder of Luma Financial Technologies, projects that this figure will shoot to 50% by this time next year. Fifty percent might seem like a bold prediction. However, given the current trajectory of structured product volume growth (up to $70 billion in issuance last year from $40 billion to $60 billion in years prior) and the recent innovations in financial technology, 50% could be just the beginning of what’s in store for this industry. Platforms are lowering minimum investments...

Financial Technology: Learning from the Past to Look into the Future

Throughout history, technical innovations have simplified tasks that were once inefficient and time-consuming. The breadth and diversity of such innovation is a testament to human imagination and creativity. Who hasn’t marveled at the thought of self-driving cars, a house that responds to your voice and robots that can fetch things for you? Oh wait, these are all things we can do today! Maybe we aren’t beaming people to other planets or hovering around in jetpacks (yet), but many technologies that were once considered science fiction are now a reality. Some have even become essential to our everyday lives. For example, technical innovation has automated...

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Stephen Bodurtha Joins Luma Financial Technologies’ Board of Directors

CINCINNATI, OH, April 16, 2019 –  Luma Financial Technologies announced today that Stephen Bodurtha, an investment product pioneer and co-inventor of the Select Sector SPDRs ETFs, has joined the firm’s Board of Directors.

  

Luma is an independent, multi-issuer, online platform that provides broker/dealers, RIAs and banks with a feature-rich marketplace for structured products and annuities. Luma is customizable to clients’ specific business needs and includes advanced capabilities in product creation, order entry and lifecycle support. Luma also ensures advisors have access to comprehensive educational content as well as marketing and sales tools.

 

From Airlines to Fintech, Innovation through Transformation

Does innovation have to be transformative? Is it always disruptive? In an interview with InvestmentNews, our CEO and founder, Tim Bonacci draws upon learnings from the airline industry to explain the transformation that is underway in the structured products and annuities industry. Processes that are currently inefficient and manual have already begun to be automated through the use of technology. These advances will help all market participants by making structured investments more accessible...

How Financial Advisors Are Growing Their Business Through Social Media

With the rise of digital marketing and social media successes within the advisory landscape, many financial advisors are changing their strategy when it comes to marketing and client relationships. Social advisors – that is, financial advisors who utilize social media – have seen their books grow by utilizing platforms such as Facebook, Twitter, Instagram and…

Automated Post-Sales Performance Reports Make Life Easier

Pulling up performance data for structured products is usually more time-intensive than other types of investments due to their complex nature. Manually managing this process can be time-consuming. There is a clear need for a better way to do this.

How to Improve Suitability Measures with Financial Technology

Picture Tom, product manager for a large broker-dealer. Tom has his annual cycle exam in a couple of days. He understands how his orders have been approved and placed through his firm’s current system but is starting to get nervous that their fixed-income training won’t be enough to cover structured products if FINRA chooses such…

FINRA Suitability Fines Up by 225% in 2018

As recently reported by Investment News, the law firm of Eversheds Sutherland issued a report summarizing 2018 fines imposed by FINRA. The overall headline from their report is that the average fine per case in 2018 rose to $107,000...

3 Reasons Why Wholesaler Value Could Increase

Reverse inquiries are an excellent area for wholesalers to provide value. However, the current way most wholesalers facilitate reverse inquiries is very time-consuming and subject to human error because it is based on manual tracking and email communication. On top of that, there are the differing compliance requirements to adhere to for each broker-dealer, which…

Custom Structure Creation and Pricing Automation Explained

Despite the inherently complex nature of structured products, firms still surprisingly rely on emails and spreadsheets to manually manage the custom structure creation process. In a previous...

Luma Launches Product Creation Tool to Automate Custom Structure Pricing

Luma has launched its Product Creation Tool that automates the bidding and pricing process for customer structures.  Read the full press release below: [Cincinnati, OH, January 30, 2019] Luma Financial Technologies announces the release of its Product Creation Tool, a new feature to its award-winning platform for structured products and annuities. With the Product Creation Tool, product managers, trade desk managers and advisors can more efficiently obtain custom pricing from leading issuers, save time and reduce manual errors when building…

Why Financial Technology Empowers – Not Eliminates – Advisors

For some time now, investment management professionals have been concerned with technology's impact on the number of financial investment advisors. This concern was initially triggered by the wave of robo-advisors...

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