Simon expands structured investment platform with six new investors

By Susanna Moon

Chicago, Dec. 11 – Simon Markets LLC said it added a consortium of investors and issuers including Barclays, Credit Suisse’s NEXT Investors, HSBC, J.P. Morgan Chase & Co., Prudential and Wells Fargo.

“We launched Simon to help financial advisors learn more about structured investments and access the product class in a more efficient way, and this deal is an important step in our vision to create an industry standard and expand the platform to new investors, banks and advisors,” Jason Broder, chief executive officer of Simon, said in the company press release.

Simon is a financial technology company based in New York “delivering an intelligent and innovative platform for financial advisors to access structured investments and other packaged products,” according to an announcement.

The Simon platform provides “robust educational content, powerful analytics, customizable investments and lifecycle management to financial advisors serving retail clients.”

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