Newsroom

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…

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 Financial Technologies

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…

Luma Financial Technologies

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…

Luma Automation

4 Reasons Custom Structure Pricing Needs to Be Automated

For all the complexity and sophistication of structured products, the creation and pricing of custom structures in the U.S. remains a very manual activity and one that is surprisingly reliant on emails and spreadsheets for communication tracking and process management. This seems rather incongruent with the financially advanced nature of structured products, yet this is…

Luma Financial Compliance

FINRA Warns Brokers: Suitability Remains a Top Compliance Concern

Financial Planning  recently published an article summarizing a report from FINRA’s examination of firms and branch offices in 2018. FINRA identified frequent citations in areas such as firms’ supervision programs, abuses by registered reps with discretionary trading authority and how firms handled products tied to market volatility. Some of FINRA’s key points were particularly noteworthy because they speak indirectly to the ability of systems…

Marketing Growth Luma Financial Technologies

4 Tips to Successfully Market Structured Products

Because structured products are complex, advisors often have a hard time explaining the unique benefits of these financial vehicles along with the risks they carry. Even the simplest form of structured product – a market-linked CD – can become rather complex. One way to overcome this challenge is through clear, well-written marketing collateral. Marketing collateral…