As advisor interest in providing holistic advice to clients grows, Envestnet will be launching later this year its Envestnet Insurance Exchange that will integrate insurance solutions into its platform. This will allow advisors to “seamlessly” access a large range of annuities as well as provide other solutions for tax deferral, death benefits, guaranteed income, principal protection and estate planning.
“We’re launching the Envestnet exchange in response to the growing demand for integrated advice and the growing need for retirement income solutions,” said Bill Crager, president of Envestnet, in a statement.
The service will provide curated selections of next-generation insurance products, fee-based and commission-based insurance offerings, and an integrated solution to streamline workflows with carriers on the Envestnet platform.
Multiple insurance carriers have already agreed to partner with Envestnet, according to the company.