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SCOTTSDALE, Ariz., Dec. 06, 2016 -- Annexus Ventures, a venture capital firm focused on making investments in InsureTech and FinTech companies, today revealed the vision behind their recent strategic investments in RetireUp and RepPro, and plan to bring the new RetireUp Pro solution to market by end of first quarter 2017.
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RetireUp Pro will couple these technologies into an integrated end-to-end retirement planning solution with an overarching compliance workflow–resulting in the only turnkey, end-to-end DOL platform that includes fixed indexed annuities. This new solution will help financial professionals have more productive conversations with clients and enable financial institutions to comply with new DOL regulations, while reducing administrative, sales and operational burdens.
“Our mission is to bring technology to the forefront of the planning conversation while seamlessly managing compliance requirements in the background,” said Jim Richards, Annexus Ventures Managing Partner. “Soon, advisors will have a streamlined tool designed to simplify the retirement income conversation with their clients, find solutions to meet their objectives and use an electronic process to effortlessly deliver compliance and suitability.”
“A primary goal for us has always been to help move the entire industry forward,” said Don Dady, Board Director at Annexus Ventures. “We believe an end-to-end DOL solution can help the entire supply chain–Clients, Financial Professionals, Broker Dealers, Financial Institutions and Insurance Carriers.”
RetireUp Pro will be available to financial professionals through their Independent Marketing Organization (IMO), Financial Institution or Broker Dealer by the end of first quarter 2017.
About Annexus Ventures
Annexus Ventures is a venture capital firm focused on making early-stage investments in InsureTech, FinTech and software companies. Annexus Ventures delivers a wealth of financial industry expertise, mature business networks and capital support to accelerate promising technology companies. For more information, please visit www.AnnexusVentures.com.
Media Contact Jim Richards, Managing Partner Annexus Ventures [email protected]
