RetireOne & Fiduciary Exchange (FIDx) Announce Partnership to Elevate the Wealth Management Process by Integrating Insurance Planning & Transactions

RetireOne & Fiduciary Exchange (FIDx) Announce Partnership to Elevate the Wealth Management Process by Integrating Insurance Planning & Transactions
The Alliance helps Ease the Way for Registered Investment Advisers to Integrate Insurance Planning into Service & Advice for Clients

BERWYN, PA — FIDx, a product-agnostic platform that integrates the benefits of insurance seamlessly alongside investment products, recently announced a strategic partnership with RetireOne, the insurance and annuity back office for more than 900 registered investment advisers (RIAs) and fee-based advisors.

The partnership supports a unified approach to connect insurance carriers, RIAs, and their existing wealth platforms. The alliance between FIDx and RetireOne will streamline the insurance experience for RIAs.

“We believe protection solutions are critical to every client portfolio and this partnership allows RIA enterprises and advisors to have full access to our income and protection solutions,” said Rich Romano, Chief Executive Officer at FIDx.

“In these times of volatility and uncertainty, clients and advisors are working toward establishing a ‘new normal.’ RetireOne is an established and trusted market leader that shares our commitment to bringing digitally-accessible insurance solutions to RIAs and their clients,” Romano continued.

The Envestnet Insurance Exchange, powered by FIDx, provides end-to-end annuity solutions, from pre- to post-issuance. RetireOne supports RIAs in planning, researching products, managing transactions post-execution, acting as agent of record, and creating necessary client reporting within the platforms they already use.

This partnership with FIDx enables RetireOne to digitally access annuities through the Envestnet platform.

“We are seeing more RIAs integrate robust financial planning capabilities into their offerings,” said David Stone, Founder and CEO of RetireOne. “A new breed of fee-based insurance solutions can improve financial wellness and provide real client value.”

“The innovative FIDx/Envestnet Insurance Exchange platform makes it easy for RIAs to expand their offerings by utilizing these valuable solutions for clients who need them. We’re excited to enable RIAs and their clients to add these solutions to their financial plans,” added Stone.

The Envestnet Insurance Exchange connects the brokerage, insurance, and advisory ecosystems. Together, Envestnet and FIDx have secured a strong line-up of annuity solutions from AIG Life & Retirement, Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National Life Insurance Co., Nationwide, Prudential Financial, and Transamerica. The Envestnet Insurance Exchange supports a wide range of both commission- and fee-based annuities.

“Delivering on our mission of financial wellness, we are expanding the use of protection-based solutions within a unified advice framework,” said John Yackel, Head of Strategic Initiatives at Envestnet. “Now, through this partnership, we are excited to be able to offer them to our advisor base who had not previously been able to bring them to their clients.”

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