Great American Life Partners with Industry Leader Quovo to Provide Enhanced Data for #1 Selling Fee-Based Fixed-Indexed Annuity
February 13 2018 - 10:05AM
Business Wire
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.
About Great American Insurance Group
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.
About Quovo
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.S&P rating affirmed February 8, 2017.
“A+” is fifth highest of 21 categories. A.M. Best rating affirmed
August 11, 2017. “A” (Excellent) is third highest out of 16
categories.
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version on businesswire.com: http://www.businesswire.com/news/home/20180213006016/en/
Great American Insurance GroupDiane P. Weidner,
513-369-5713dweidner@amfin.comorQuovo, Inc.Hayden Pirkle,
212-643-0695Marketinghayden.pirkle@quovo.com