Profile: Lowell Aronoff
Company: CANNEX Financial Exchanges Limited
Position: Chief Executive Officer
Overview
Lowell Aronoff is the CEO of CANNEX Financial Exchanges Limited, an organization headquartered in Toronto, Ontario, that provides data, transactional capabilities, and analytical tools for the sale of various financial products. CANNEX specializes in holistic retirement income planning and offers services such as annuity pricing and analysis.
Professional Background
- Experience: Lowell started his career over 30 years ago as an actuarial programmer at CANNEX. He developed systems for advisors to survey the Canadian income annuity market online.
- Previous Roles: Before joining CANNEX, he worked as an actuarial assistant at Prudential Assurance (UK).
- Education: He holds a BMath in Actuarial Science from the University of Waterloo and a BSc in Biology from McGill University.
Key Contributions and Achievements
- Expansion Initiatives: Lowell led the expansion of CANNEX into the Australian market and the US retirement income market.
- Product Development: He introduced services that increased efficiency for insurance carriers in the annuity sector.
- Thought Leadership: He has served on various industry committees, including IRI, LIMRA, RIIA, NAFA, and CLHIA. He is also a board member of SAFE, a non-profit educational foundation.
- Conferences and Publications: Lowell has been a frequent speaker at retirement income conferences and has published numerous articles in industry journals.
Company Insights
CANNEX Financial Exchanges Limited:
- Primary Services:
- Canada: GICs/Term Deposits, RRIFs, Deposit Accounts, Mortgages, Personal Loans
- United States: Income Annuities, Fixed Rate Annuities, Indexed Annuities, Variable Annuities
- Consulting Services: Research and Income Annuity Education
- Clientele: Primarily insurance companies and distributors (broker-dealers, insurance marketing organizations, and banks). CANNEX avoids direct consumer engagement.
Business Model and Strategy
- Revenue Model: CANNEX charges both carriers and distributors for their services, ensuring balanced fee structures.
- Technological Innovation: Historically, CANNEX has been at the forefront of utilizing technology to enhance service delivery, including the implementation of guaranteed surveys for annuity price comparisons.
Personal Insights and Aspirations
- Entrepreneurial Drive: Lowell pursued entrepreneurship to transform the annuity sales market with innovative technology solutions.
- Retirement Philosophy: He values continuous work life for those who enjoy it and does not foresee retirement soon. If he were to retire, he would consider an income annuity to manage spending habits efficiently.
Contact Information
CANNEX Financial Exchanges Limited
1200 Bay Street, Suite 1001
Toronto, Ontario, Canada M5R 2A5
Phone: 1-800-387-1269
Email: [cannex@cannex.com](mailto:cannex@cannex.com)
This profile of Lowell Aronoff provides crucial insights that can be leveraged for strategic engagements, emphasizing his leadership, industry expertise, and the innovative solutions offered by CANNEX Financial Exchanges Limited.
