POMPANO BEACH, Fla. and NEW YORK, May 26, 2010 (GLOBE NEWSWIRE) -- Blue Frog Solutions, a leading provider of Life & Annuity Order Management, Client Management and Compliance solutions for the insurance and financial sectors, today announced it has formed a strategic partnership with New York City-based Miningham & Oellerich, Inc. (M&O), provider of broker/dealer home office and field-based solutions.
Under the terms of the partnership, the two technology firms have worked together to create a seamless end-to-end insurance application process for financial advisors and broker-dealers. M&O will provide technology to carrier home office operations and distribution systems for their independent captive sales force to open accounts, and comply with SEC 17a-3 books and record keeping. Then the financial advisor will be directed, at real time, to Blue Frog's AFFIRM solution for annuity and life insurance order entry, which provides the intelligence around the transactions. The AFFIRM Solution will also render the required forms and then transmit the carrier-ready transaction to the insurance firm.
"Blue Frog and M&O provide a best-of-breed approach in annuity and insurance applications combined with compensation configuration and channel ledger reporting," says Blue Frog's founder and Executive Vice President, Brad Levine. "Together, we provide an integrated, end-to-end, seamless experience."
"M&O has a longstanding tradition of working in concert with the service providers our clients choose. This is a perfect marriage of two complementary technology platforms broker-dealers need to improve their core operation while providing significant practice productivity tools to their advisors. We are proud to welcome Blue Frog to the family of leading organizations with whom we integrate, with the goal of servicing our mutual clients," says Michael Brodeur, M&O's President. "Each firm brings its own expertise: M&O's in the broker-dealer home office and advisor-based processing, and Blue Frog in insurance intelligence and information management."
About Blue Frog Solutions:
Blue Frog Solutions (www.bluefrogsolutions.com), based in Pompano Beach, Florida, is a leading technology solutions provider that focuses on the life insurance and financial services markets. Blue Frog offers solutions that facilitate more insurance transactions that are compliant and "In Good Order," driving increased business. To date, more than $16 billion in deposits have been processed through Blue Frog's AFFIRM platform. Blue Frog's products include Affirm for Annuities, Affirm for Life, I-Relay and Policy Box. We simplify selling insurance.
The Blue Frog Solutions logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=707
About Miningham & Oellerich, Inc.:
O's Serve Me! Suite, the leading system for bank affiliated broker-dealers with insurance, managed account, securities and financial planning offerings, can help your organization achieve and sustain breakthrough continuous improvements in service, operational costs, and performance. M&O provides contemporary and adaptive technology solutions for compensation, accounting, client account management and branch productivity tools all on one platform or in concert with our your existing technology assets. Our solutions are delivered through professional consulting services by a dedicated staff and experienced management team that assures our products excel amid the constant evolution of technology, business practices and regulation.