Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

Envestnet Aims to Open Its Insurance Exchange in June

By Allison Bell

X
Your article was successfully shared with the contacts you provided.

Envestnet Inc. hopes to start a broad release of its new insurance exchange program in June, the company announced today.

The Chicago-based company said it’s now working to get advisors onto a pilot version of the Envestnent Insurance Exchange.

(Related: Brighthouse to Use Envestnet Insurance Exchange)

Six life insurers have agreed to put annuities on the exchange program’s shelves.

The issuers are Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National, Nationwide and Prudential Financial, according to Envestnet.

The issuers will offer commission-based annuities through the exchange as well as fee-based contracts.

Envestnet runs a financial services distribution platform that has connections with about 96,000 financial professionals.

The company is working with Fiduciary Exchange LLC, or FIDx, to get the new insurance exchange arm up and running.

The insurance exchange will be available both through the platform portal for financial professionals and the portal for employer plan sponsors, Envestnet says.

— Read Envestnet Annuity Exchange Adds Jackson, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on LinkedIn and Twitter.

Allison Bell

Think_Allison

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.