AIG Advisory Annuities Enable Firms & Advisors Using FIDx Technology to Access Protected Income Solutions to Better Serve Retired Clients
Envestnet, Inc. and FIDx, a product-agnostic platform that connects insurance solutions with wealth management platforms and other providers, today announced that annuity solutions from AIG Life & Retirement are now available through their integrated platform. The availability of AIG Advisory annuities—a suite including fee-based fixed, index, and variable products—expands the selection of annuities accessible to financial advisors on the Envestnet Insurance Exchange, Envestnet | MoneyGuide, and Halo platforms, as well as directly through FIDx’s Protection Intelligence platform.
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This addition supports FIDx’s mission to expand annuity distribution and provide financial advisors with income and protection strategies from leading solution providers to meet client needs. The AIG Advisory suite—including the Polaris® Advisory variable annuity, the Power Index Advisory® index annuity, and the Assured Edge® Advisory fixed annuity—offers protected lifetime income, future income growth potential, asset protection, and liquidity options with no withdrawal charges.
“We work with a wide range of financial advisors to help their clients look to the future with confidence and security,” said Todd Solash, Chief Executive Officer, Individual Retirement and Life Insurance at AIG Life & Retirement. “We are pleased to bring our innovative suite of fee-based annuities to the FIDx platform and connect with advisors who recognize the importance of protection and lifetime income as part of a diversified retirement portfolio.”
FIDx provides a single point of access to a range of annuities from industry leading insurance carriers through the Envestnet Insurance Exchange as well as Envestnet | MoneyGuide planning software. Through a seamless platform experience, advisors have the ability to plan, research, propose, execute, and manage annuities alongside traditional investment products.
“We have had a strategic partnership with AIG for several years, and the availability of these important products greatly enhances the value of the FIDx solution for firms and their advisors,” said Rich Romano, Chief Executive Officer at FIDx. “We have tremendous respect for AIG, and we are excited about the opportunity to enable broader access to their retirement income solutions through the FIDx integrations.”
FIDx offers a strong line-up of both commission- and fee-based annuities from AIG Life & Retirement, Allianz Life, American Equity, Brighthouse Financial, Eagle Life, Global Atlantic Financial Group, Great American Insurance Group, Jackson National Life Insurance Co., Nationwide, Prudential Financial, and Transamerica.
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