BERWYN, Pa., Sept. 1, 2020 /PRNewswire/ -- FIDx, a
product-agnostic platform that connects insurance solutions with
wealth management platforms and other providers, today announced a
strategic partnership with financial planning software provider
Envestnet | MoneyGuide that gives insurance-licensed financial
professionals the capability to plan, research, propose, and manage
annuity products from within MoneyGuide. Financial advisors who use
MoneyGuide software will now be able to seamlessly implement
annuity strategies modeled in a client's financial plan through the
FIDx platform.
This partnership supports FIDx's mission to expand the
distribution of annuities, which provide financial advisors with
the income and protection strategies that may fit a client's needs.
For MoneyGuide, users of its MoneyGuidePro® and
MoneyGuideElite software now have the ability to offer solutions
designed to protect and guarantee retirement income within
individualized client plans.
"The strategically aligned partnership between FIDx and
MoneyGuide empowers advisors to identify and act on income gaps
their clients may face, as well as research, compare, open, and
manage annuities as part of their planning approach," said
Rich Romano, Chief Executive
Officer at FIDx. "FIDx continues to broaden access to annuities
and meet firms and advisors wherever they choose to do business.
Through integration with platforms that advisors use daily, such as
MoneyGuide, we reduce technology fatigue and give everyone access
to income and protection solutions for their
clients."
MoneyGuide provides financial professionals with a comprehensive
financial planning software package that focuses on identifying and
reaching personally defined goals. FIDx provides unified access to
a range of annuities from industry leading insurance carriers.
"Protecting a financial plan with various income and protection
strategies can be important to reaching one's retirement goals and
achieving financial wellness," said Tony
Leal, President of Envestnet
| MoneyGuide. "Our tools and solutions, such
as our Income Planning feature, empower advisors to address this
issue with a holistic approach, and provide a simple breakdown to
clients of the gap that may exist between their expected retirement
income and their essential expenses. This partnership with FIDx now
gives those advisors the ability to bring those conversations one
step forward, from hypothetical to reality, in that they now have
an option to access a range of annuity products from leading
carriers while working with a client to build their financial
plan."
The FIDx partnership adds to MoneyGuide's impressive list of
over 200 integrations.
For more information on this new offering, interested parties
can attend a webinar on Thursday, September
10 or Monday, September 21 at
4:00 pm ET by signing up
here:
https://register.gotowebinar.com/rt/8898554720962160907
FIDx offers a strong lineup of both commission- and fee-based
annuities from AIG Life & Retirement, Allianz Life, Brighthouse Financial, Global
Atlantic Financial Group, Jackson National Life Insurance Co.,
Nationwide, Prudential Financial, and Transamerica.
About FIDx
Fiduciary Exchange LLC (FIDx) is a technology-empowered network
that seamlessly integrates the brokerage, insurance and advisory
ecosystems to offer best-in-class annuities and insurance solutions
from the industry's leading carriers. FIDx enables advisors to
offer guaranteed income and downside protection as core components
of their clients' portfolios—integrated within the same wealth
management platforms they already use every day. An independent
technology firm, FIDx connects advisory firms to insurance carriers
through a seamless, digitally-enabled process so advisors can truly
deliver comprehensive advice and help their clients reach their
goals.
Envestnet, Inc. has a financial interest and occupies board of
director positions in Fiduciary Exchange LLC (FIDx).
About Envestnet
Envestnet, Inc. (NYSE: ENV) is transforming the way
financial advice and wellness are delivered. Our mission is to
empower advisors and financial service providers with innovative
technology, solutions, and intelligence to make financial wellness
a reality for everyone. Over 103,000 advisors across more than
4,900 companies including 16 of the 20 largest U.S. banks, 46 of
the 50 largest wealth management and brokerage firms, over 500 of
the largest RIAs, and hundreds of FinTech companies, leverage the
Envestnet platform to grow their businesses and client
relationships.
For more information on Envestnet | MoneyGuide, please
visit www.moneyguidepro.com and follow us on Twitter
at @ENVMoneyGuide or LinkedIn.
Media Contact:
Dana Taormina
JConnelly for Envestnet & FIDx
973.647.4626
envestnetpr@jconnelly.com
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SOURCE Fiduciary Exchange, LLC (FIDx); Envestnet |
MoneyGuide