BERWYN, Pa., March 23, 2021 /PRNewswire/ -- Envestnet, Inc.
(NYSE: ENV) and Fiduciary Exchange LLC (FIDx), the only
retirement platform representing a single point of connectivity
between insurance products and broad financial advisor
distribution, today announced another leading insurance carrier,
Great American Life Insurance Company®, has joined the
fold. The partnership makes annuity solutions from Great American
available to financial advisors through FIDx by way of the
Envestnet Insurance Exchange, Envestnet | MoneyGuide, and Halo
platforms, as well as directly through FIDx's Protection
Intelligence platform.
These multiple points of access underscore FIDx's commitment to
meet firms and their advisors where and how they do business. This
accessibility of insurance products as part of a total portfolio
solution allows FIDx-empowered advisors to deliver holistic
financial advice customized for their client's needs across
providers.
"The addition of Great American enhances our product offering
and adds to the list of carriers and solutions available on the
FIDx platform," said Rich Romano,
Chief Executive Officer at FIDx. "Our mantra of 'Names You
Know, Products You Need On a Platform You'll Love' has become even
stronger with the addition of this carrier who has been serving
clients' insurance needs for decades."
For Great American Life, the partnership opens distribution
access to their products during a time when many individuals are
concerned about the security and stability of their retirement
savings.
"We have implemented significant technology enhancements over
the last several years. During that same time, we have been
dedicated to partnering with technology platforms to help educate
and expand the annuity industry," said Mark Muething, President and Chief Operating
Officer of Great American Insurance Group – Annuities. "The
vision of FIDx, along with its expansive list of partners, is
exactly where we want to be and where we think the future of
distribution is going."
FIDx offers a strong lineup of both commission- and fee-based
annuities from AIG Life & Retirement, American Equity,
Allianz Life, Brighthouse Financial,
Eagle Life, Global Atlantic Financial Group, Jackson National Life
Insurance Co., Nationwide, Prudential Financial, and
Transamerica. Financial advisors can access FIDx to plan,
research, compare, propose and manage income and protection
solutions through Envestnet, Envestnet | MoneyGuide, and Halo, as
well as directly through FIDx Protection Intelligence.
About FIDx
Fiduciary Exchange, LLC (FIDx) is a technology-empowered network
that seamlessly integrates the brokerage, insurance and advisory
ecosystems to offer 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.
To learn more, please visit https://fid-x.com/ and follow
FIDx on LinkedIn.
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 106,000 advisors and more than 5,100
companies including: 17 of the 20 largest U.S. banks, 47 of the 50
largest wealth management and brokerage firms, over 500 of the
largest RIAs and hundreds of FinTech companies, leverage Envestnet
technology and services that help drive better outcomes for
enterprises, advisors and their clients.
For more information on Envestnet, please visit
www.envestnet.com, subscribe to our blog, and follow us on Twitter
(@ENVintel) and LinkedIn.
About Great American Life Insurance Company
Great American Life Insurance Company®, member of
Great American Insurance Group (GAIG), helps simplify the path to
financial security through the sale of traditional fixed,
fixed-indexed and registered index-linked annuities in the retail,
broker-dealer, financial institutions and registered investment
advisor markets. The members of GAIG are subsidiaries of American
Financial Group, Inc. (AFG). AFG's common stock is listed and
traded on the New York Stock Exchange under the symbol AFG. AFG is
a Fortune 500 Company with approximately $74
billion in assets as of December 31,
2020. Note: On January 27,
2021, AFG announced that it entered into a definitive
agreement to sell its Annuity business, including Great American
Life, to Massachusetts Mutual Life Insurance Company (MassMutual).
The sale is expected to close in the second quarter of
2021.
Media Contact:
Dana Taormina
JConnelly for FIDx
973.647.4626
dtaormina@jconnelly.com
For More Information About Great American's Annuity Products,
contact:
Donna Carrelli
Divisional Vice President, Marketing Services
Great American Insurance Group – Annuities
513.412.1518
dcarrelli@gaig.com
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SOURCE Fiduciary Exchange, LLC (FIDx)