Envestnet | MoneyGuide entered into a strategic partnership with Fiduciary Exchange that provides insurance-licensed financial professionals the capability to plan, research, propose and manage annuity products from within MoneyGuide.
Financial advisors who use MoneyGuide software will now be able to seamlessly implement annuity strategies modeled in a client’s financial plan via the FIDx platform, the companies said Tuesday.
The partnership “supports FIDx’s mission to expand the distribution of annuities, which provide financial advisors with the income and protection strategies that may fit a client’s needs,” the firms said.
Users of MoneyGuidePro and MoneyGuideElite software now have the ability to offer solutions designed to protect and guarantee retirement income within individualized client plans, the companies noted. The FIDx pact adds to MoneyGuide’s list of more than 200 integrations.
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Envestnet has a financial interest and occupies board of director positions in FIDx, the firms said. But they didn’t provide specific details and did not immediately respond to a request for comment.
More details on the partnership will be provided in a webinar Sept. 10 Sept. 21 at 4 p.m. Eastern time.
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