Top Insurance Carrier Adds a Significant
Number of its Commission and Fee-Based Products to Financial
Professionals Connected to the Envestnet Insurance Exchange
BERWYN,
Pa., May 18, 2022 /PRNewswire/ -- Lincoln
Financial Group (NYSE: LNC) has added more than 25 of its annuity
products to the Envestnet Insurance Exchange, powered by FIDx, the
only digital marketplace representing a single point of
connectivity between insurance products and broad financial advisor
distribution, marking a strengthened partnership and enhanced
offering for both companies.
Lincoln first joined the
Envestnet Insurance Exchange in 2021 as a way to "bring our
solutions, and drive awareness of the opportunities they provide,
to even more investors across the country," said
Tim Seifert, Senior Vice
President and Head of Retirement Solutions Distribution at Lincoln
Financial Group.
Mr. Seifert continued, "In the year since
joining FIDx, we've seen the power of their platform and its
continued resonance in the marketplace, making this the right time
to expand our options on the Exchange. Lincoln is proud to offer more of our annuity
products that enable hardworking Americans to take control of their
financial lives by saving for a financially secure retirement."
"Lincoln sees the world as we
do," said Rich Romano, CEO of
FIDx. "Our goal is provide financial advisors with a broad
range of high-quality annuities that can help clients increase
their income and protect their outcomes in retirement. We're
incredibly excited to bring Lincoln's commission and fee-based annuity
products to our marketplace, giving advisors the choice they're
looking for as they build comprehensive, holistic portfolios for
their clients."
This expanded relationship further demonstrates the Envestnet
Insurance Exchange's push to be the preeminent solution in the
income and protection products market. "Access to Lincoln
Financial's broad portfolio of annuity solutions on the Envestnet
Insurance Exchange helps underscore Envestnet's commitment to
providing advisors with all the tools necessary to be the connected
center of their clients' financial lives," said Andrew Stavaridis, Chief Relationship Officer at
Envestnet.
The relationship also illustrates Lincoln Financial's commitment
to innovation throughout its annuity business—including product
development, distribution capabilities, digital tools and strategic
partnerships—to continually strengthen investors' ability to grow
and protect their financial futures.
"Technology, especially after the last two years, is playing a
bigger and bigger role in the life of the financial professional
and in the relationship between them and their clients," added
Mr. Seifert.
The Envestnet Insurance Exchange enables advisors to fully
manage annuity solutions throughout their lifecycle alongside
traditional managed account investments.
"By combining innovative technology with a variety of annuity
products from top-of-the-line insurance carriers, like Lincoln
Financial," added Mr. Romano. "We give advisors the power to
manage and tailor these investments to meet their clients'
individual needs."
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.
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 refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). Envestnet is
Fully Vested™ in empowering advisors and financial
service providers with innovative technology, solutions, and
intelligence to help make financial wellness a reality for their
clients through an intelligently connected financial life. Over
108,000 advisors and more than 6,000 companies—including 18 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 Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help
people take charge of their financial lives with confidence and
optimism. Today, approximately 16 million customers trust our
retirement, insurance and wealth protection expertise to help
address their lifestyle, savings and income goals, and guard
against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group
is the marketing name for Lincoln National Corporation (NYSE: LNC)
and its affiliates. The company had $308
billion in end-of-period account values as of March 31, 2022. Lincoln Financial Group is a
committed corporate citizen included on major sustainability
indices including the Dow Jones Sustainability Index North America
and FTSE4Good and ranks among Newsweek's Most Responsible
Companies. Dedicated to diversity, equity and inclusion, we are
included on transparency benchmarking tools such as the Corporate
Equality Index, the Disability Equality Index and the Bloomberg
Gender-Equality Index. Committed to providing our employees
with flexible work arrangements, we were named to FlexJobs' list of
the Top 100 Companies to Watch for Remote Jobs in 2022. With a
long and rich legacy of acting ethically, telling the truth and
speaking up for what is right, Lincoln was recognized as one of
Ethisphere's 2022 World's Most Ethical Companies®.
Learn more at: www.LincolnFinancial.com. Follow us on
Facebook, Twitter, LinkedIn, and Instagram. Sign up for email
alerts at http://newsroom.lfg.com.
Media Contacts:
Dana Taormina
JConnelly for FIDx & Envestnet
973.647.4626
envestnetpr@jconnelly.com
Sarah Boxler
Lincoln Financial Group – Annuities
215.495.8439
sarah.boxler@lfg.com
LCN-4671948-041222
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SOURCE Fiduciary Exchange LLC (FIDx)