SIMON Reports Second Quarter Highlights

SIMON Markets LLC (SIMON), a fintech company transforming the digital wealth management landscape for financial professionals through its leading platform for alternative investment solutions, today announced business highlights underscoring its continued growth during Q2 2021.

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The company reports year-over-year increases in revenue of +103%, volume of +137%, and usage of +74%, as compared to Q2 2020. During the quarter, the company established several commercial partnerships, released new enhancements to its platform, and announced strategic initiatives. Catering to a growing demand for risk-managed and alternative solutions, SIMON is focused on giving financial professionals access to a broad suite of products with powerful analytics and seamless integrations to help make well-informed portfolio allocation decisions.

“In Q2, we expanded our insurance platform to include variable annuities, formalized new partnerships with industry leaders Nationwide and FIG, created a portfolio analytics tool for structured investments, and announced our entry into the digital asset space,” said Jason Broder, CEO of SIMON. “On the back of our Series B capital raise, we have several exciting initiatives on the horizon that will continue to elevate the way we serve our clients.”

Recent Press Releases:

• SIMON Raises $100 Million in Series B Funding to Fuel Next Growth Phase for Digital Wealth Management Platform • Spun-out from Goldman Sachs in December 2018, SIMON announces capital raise led by WestCap with participation from existing investors (Press Release, 07/22/21)

• SIMON Says Hello to Variable Annuities, Expanding the Insurtech’s Marketplace Lineup to Deliver Holistic Retirement Solutions to Wealth Management Professionals • SIMON now offers variable annuities, one of the most flexible and widely used annuity types, in its Marketplace, delivering powerful analytics for asset allocation and income solutions (Press Release, 07/15/21)

• Financial Independence Group Joins SIMON to Deliver Centralized Digital Platform for Structured Investments and Insurance Products • Financial Independence Group Joins SIMON to Deliver Centralized Digital Platform for Structured Investments and Insurance Products with Powerful Education and Analytical Tools (Press Release, 06/22/21)

• SIMON Introduces Nationwide as Newest Carrier to Join Its Growing Insurtech Platform • Financial professionals can now find, analyze, and implement a range of annuity solutions from Nationwide in SIMON’s centralized Marketplace (Press Release, 06/08/21)

About SIMON

An award-winning fintech company, SIMON is committed to transforming the digital experience for financial professionals, enabling them to better serve their clients. SIMON’s intelligent and innovative platform delivers an end-to-end digital suite of tools to more than 100,000 financial professionals, who serve $5 trillion in client assets, empowering them with on-demand education, an intuitive marketplace, real-time analytics, and lifecycle management.

With a focus on reshaping the advisor experience, SIMON is setting new industry standards, simplifying the complex, and delivering structured investment, annuity, and defined outcome ETF solutions to investment professionals, centralized within one unique ecosystem.

Originally incubated within Goldman Sachs, SIMON launched as an independently operating company in December 2018 under the shared ownership and direction of seven leading financial institutions—Barclays, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Prudential, and Wells Fargo. Growth equity firm WestCap became an investor in 2021. The company is headquartered in New York, NY, with an additional location in Birmingham, AL.

For more information about SIMON, visit www.simon.io and follow the company on Instagram, LinkedIn, and Twitter. Securities products and services offered by SIMON Markets LLC, a broker-dealer registered with the SEC, Member FINRA / SIPC. Annuities and insurance services provided by SIMON Annuities and Insurance Services LLC.

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