Introducing an outsourced insurance bureau for RIAs and paid advisors
FIDX Desk is a complete digital annuity management solution. It addresses the hurdles registered investment advisors face by enabling them to present the potential benefits of annuity solutions – such as income and legacy planning – to their clients.* Working closely with financial professionals, FIDX Desk facilitates the creation of these accounts. Additionally, it helps them manage annuity investments that were previously purchased through former broker dealers. Importantly, there is no additional charge for financial professionals to use the FIDX Desk.
“The benefits that annuities can add to investment portfolios are well documented, but their integration has been largely overlooked by independent RIAs due to cumbersome and inefficient processes,” said
Key highlights include:
- Complete Lifecycle Annuity Management: With an easy-to-navigate dashboard, financial professionals can research products, monitor the application process and advise on a client’s annuity, all from one platform.
- RIA Transition Services: Financial professionals can effectively transition to a fee-based business by allowing FIDX Desk to act as an agent of record.
- Customized fee-based solutions for RIAs: Customers get access to a wide range of annuity products from some of the industry’s best-known insurers, each offering key features such as retirement income strategies, growth potential and legacy planning benefits.
FIDX Desk is now available to all advisors. Envestnet Users | The Tamarac platform will have access to integration with the Tamarac reporting system.
“Partnering with FIDX Desk further diversifies our suite of offerings to meet the evolving needs of RIAs, fee-based financial professionals and their clients,” said
*As a reminder, you may want to contact your internal legal and compliance team(s) to confirm that the use of insurance solutions is permitted by your firm.
About FIDX
Fiduciary Exchange LLC (FIDX) is a technology-enabled network that integrates the brokerage, insurance and advisory ecosystems for best-in-class annuity and insurance solutions from industry-leading operators. FIDX enables advisors to offer guaranteed income and downside protection as core components of their clients’ portfolios, integrated into the same wealth management platforms they already use every day. An independent technology firm, FIDX connects advisor firms with insurance carriers through a seamless, digitally enabled process so advisors can truly provide comprehensive advice and help clients achieve their goals.
FIDX Desk is an outsourced insurance desk for FIDX Markets LLCregistered broker dealer member of FINRA/SIPC. It launched in 2023
To learn more, please visit fidxdesk.io.
Neither Envestnet nor Fiduciary Exchange LLC provides any advice or makes any recommendations regarding insurance or other financial products and does not solicit, offer or sell any insurance or other financial products.
Before investing, investors and their representatives should carefully consider the investment objectives, risks, fees and expenses of each annuity and its underlying investment options. The current contract prospectus and the underlying fund prospectuses provide this and other important information. Please contact your financial professional to obtain prospectuses. Please read the prospectus carefully before investing.
Neither does Envestnet, Fiduciary Exchange, LLC neither FIDX Markets LLC provide tax or legal advice. Nothing contained in this document is intended to constitute legal, tax, accounting, securities or investment advice, or an opinion as to the advisability of any investment, or a solicitation of any kind. All investments carry a certain amount of risk and there is no guarantee that an investment will provide positive performance over a period of time. Investment decisions should always be made based on the specific financial needs and goals, objectives, time horizon and risk tolerance of the investor.
FIDX Markets LLCmember FINRA/SIPCis a wholly owned subsidiary of Fiduciary Exchange, LLC (FIDX) and operates as FIDX Desk. FIDX Markets LLC and Fiduciary Exchange, LLC are affiliates of FIDX Group LLC and Envestnet. Envestnet, Inc. has a financial interest and holds positions on the board of directors in Fiduciary Exchange, LLC. FIDX facilitates a program that integrates insurance solutions into the wealth management process of the Platform. FIDX Markets LLC and FIDX Desk representatives may only conduct business with residents of the states and jurisdictions in which they are duly registered. FIDX Desk and its agents are currently licensed to sell insurance products in all states except CA, FL, GA, IL, MA, MN, NM, NY, TX and WA. The CRD number of FIDX Markets is 322769.
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SOURCE Fiduciary Exchange, LLC (FIDx)
