Morgan Stanley

Navian Capital, Bank of America Merrill Lynch and Morgan Stanley Launch Open Architecture Online Platform for Structured Products and Annuities

Jul 31, 2018

Using state-of-the-art web-based technology, newly formed entity will offer independent platform for structured products and annuities

New York —

Luma Financial Technologies, a new venture formed by co-investors Navian Capital, Bank of America Merrill Lynch and Morgan Stanley, announces the launch of an independent, multi-issuer electronic platform for structured products and annuities.

Luma is the next evolution of Navian Capital’s award-winning, fully customizable online platform that was developed for its customers and refined in-house over the past seven years.  Luma will further improve upon and extend market-leading capabilities in workflow automation, post-trade position monitoring, and comprehensive education, training and compliance management. The platform will now be available to any distributor, thus helping to grow the market for structured products and annuities.

Tim Bonacci, President and CEO of Luma, commented: “With partnership and support from BofA Merrill and Morgan Stanley, we are confident Luma will become the market-leading platform with scale and seamless customization for any distribution firm.’’

Nikki Tippins, Managing Director at Morgan Stanley, said: ``Morgan Stanley is excited about the potential impact Luma will have on the structured products and annuities market. The platform can be tailored to any firms’ workflow and business needs providing ease of access to distributors across the marketplace.”

Henry Flowers, Managing Director at BofA Merrill, is encouraged by the potential for greater efficiency and transparency enabled by Luma. “We are looking to optimize and simplify how structured products and annuities are created, distributed and managed over the entire lifecycle for their clients. Luma does this exceptionally well and we look forward to working with the team to further advance this market.”

For more information about Luma, please visit

About Navian Capital, LLC

Founded in 2005, Navian Capital, LLC is a premier provider of structured products and annuities. Navian Capital offers financial professionals access to a diverse range of investment opportunities including market-linked CDs, structured notes, proprietary structured investments, as well as fixed, indexed, and variable annuities. Headquartered in Cincinnati, Ohio, Navian Capital has staff throughout the United States to best support its national client base. For more information, call 877-213-6570 or visit

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit

About Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,400 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 36 million active users, including 25 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. ©2018 Bank of America Corporation.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom. Click here to register for news email alerts.

Luma Financial Technologies Media Contact: Alec Cheung, (513) 904-6532,

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