What You Need to Know
- Jack Henry & Associates announced a collaboration with Envestnet Yodlee on Thursday.
- Edelman Financial Engines is launching a new podcast and radio show.
- The fintech Tifin has signed an agreement to acquire Qualis Capital.
Envestnet is advancing its Envestnet Insurance Exchange with a new collaboration between Fiduciary Exchange and Simon Markets that will establish a unified platform for financial advisors to “assess annuity products from high-quality insurance carriers and incorporate them into client portfolios,” the companies said in a joint announcement on Wednesday.
The announcement came only about two weeks after Envestnet said it was partnering with the Goldman Sachs fintech spinoff Simon Markets to enable advisors to offer structured investments as fee-based solutions.
The new integrated platform will offer “full retail annuities lifecycle functionality, bringing together the best technology from FIDx and SIMON to power the Envestnet Insurance Exchange and enhance the end-to-end experience for advisors,” the companies said.
The integration will “streamline the entire process of investing in annuities, from pre- to post-trade, within one digital experience,” and will include pre-trade, trade and post-trade functionality, they added.
Separately, Jack Henry & Associates, a provider of technology solutions and payment processing services mainly for the financial services industry, announced a collaboration with Envestnet Yodlee on Thursday.
As part of the deal, the almost 530 financial institutions leveraging the Banno Digital Platform can quickly and easily add financial wellness apps and experiences supported by Envestnet Yodlee into their digital experiences, the companies said in a joint announcement.
Edelman Launching Podcast/Radio Show
Edelman Financial Engines is launching ”Everyday Wealth With Soledad O’Brien and Jean Chatzky,” a new podcast and radio show that it said Wednesday will examine “the most important and topical financial decisions affecting our lives today.”
Each week, personal finance expert Chatzky and journalist O’Brien will discuss current events, the financial markets, policy updates and “other key life issues impacting American wallets,” the company said.
They will be joined by Edelman wealth planners and other expert guests to offer guidance and insights to help listeners “build wealth and take control of their financial potential,” the company said.
Starting Jan. 1, new, one-hour episodes will air every weekend in 75 radio markets across the country, including Boston, Chicago, Los Angeles and New York, and will be available to listeners via major podcast platforms, the company added.
Tifin to Buy Qualis Capital
The fintech Tifin is expanding the capabilities in its WealthTech division across private markets, philanthropy and planning with an investment in and an agreement to acquire Qualis Capital, it said Wednesday.