MINNEAPOLIS – Nov. 18, 2019 – To better help investment advisors incorporate annuities into clients’ holistic financial plans, including managing retirement risk, Allianz Life Insurance Company of North America (Allianz Life®) today announced a strategic partnership with SS&C’s Black Diamond® Wealth Platform, an award-winning1 portfolio management platform for financial professionals.
Contract values from Allianz Life’s entire portfolio of fixed and variable annuities will now be available to the Black Diamond client base. The direct data feed integration allows advisors at broker-dealers and registered investment advisors (RIAs) to access Allianz Life annuity contract values in real-time. This integration will help advisors incorporate annuities into clients’ overall financial plans and manage retirement risk.
“This partnership will help streamline what has traditionally been a cumbersome process for RIAs in determining how an annuity may fit into a client’s financial strategy,” said Eric Thomes, Chief Distribution Officer, Allianz Life. “Our goal is to make it as easy and efficient as possible for investment advisors to make an informed decision as to whether an annuity is appropriate for their client.”
“Our integration with Allianz Life offers firms access to the annuity information they need to support their clients’ long-term goals,“ said Steve Leivent, Senior Vice President of Advisory, SS&C Advent. “Our mission is to leverage the best technology solutions to keep us on the leading edge of innovation and help our clients compete.”
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
1Family Wealth Report, 2019