BERWYN, Pa., Oct. 8, 2020
/PRNewswire/ -- FIDx, a product-agnostic platform that
connects annuities with wealth management platforms and other
solution providers, today announced the launch of its proprietary
platform, FIDx Protection Intelligence. The launch enables direct
integration for any distribution entity to offer access to
protection and income solutions from a range of insurance carrier
partners. FIDx Protection Intelligence supports FIDx's mission to
expand the distribution of annuities and help financial advisors
meet the income and protection needs of their clients.
"FIDx Protection Intelligence is a major milestone and will be
game-changing for FIDx, as well as our insurance carrier and other
strategic partners," said Rich
Romano, Chief Executive Officer at FIDx. "From day one,
our mission has been to support advisors and meet them where they
do business. With Protection Intelligence, advisors who do business
virtually anywhere can now get efficient access to meet the
needs of their clients and really elevate their business. It's a
huge step forward in the annuity business."
Protection Intelligence offers active annuity management for
financial advisors who are helping clients plan for, and navigate,
retirement. With an intuitive and an easy-to-use platform, FIDx
Protection Intelligence features an annuity dashboard offering
insights on upcoming events, opportunities and daily valuations.
Other features include a direct integration for advisors to
research and compare annuities using the most up-to-date
information, fully electronic application processing, including
suitability packet, e-signature and home office review queue for
easier business processing and vastly improved client
experiences.
"Now, perhaps more than ever, clients have significant income
and protection concerns, whether they are planning their
retirements or living in retirement," said Brent Mondoskin, Vice President, Product
Strategy at FIDx. "In the current economic environment,
advisors who are digitally enabled, with a range of
industry-leading solution providers at their fingertips, will
undoubtedly be more valuable to their clients. Now they can deploy
a holistic planning approach and effectively help their clients
achieve retirement security."
FIDx is currently directly integrated with Envestnet, Envestnet
MoneyGuide and recently announced a partnership with Halo. FIDx
Protection Intelligence is the latest innovation that broadens the
availability of the product platform, which features
a comprehensive lineup of both commission-based and fee-based
annuities from AIG, Allianz, Brighthouse, Global Atlantic, Jackson
National, Nationwide, Prudential, 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 clients reach their
goals.
Envestnet, Inc. has a financial interest and occupies board of
director positions in Fiduciary Exchange LLC (FIDx).
For more information on FIDx, please
visit www.FID-x.com and follow us
on LinkedIn.
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, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVIntel) and LinkedIn.
Media Contact:
Dana
Taormina
JConnelly for Envestnet & FIDx
973.647.4626
envestnetpr@jconnelly.com
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SOURCE Fiduciary Exchange, LLC (FIDx)