Envestnet | MoneyGuide Teams With FIDx on Annuities: Tech Roundup

By Jeff Berman

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.

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.

Lincoln Investment Taps Riskalyze for Tech

Riskalyze signed an enterprise agreement with independent broker-dealer/RIA Lincoln Investment that the firms said will provide more than 1,000 Lincoln advisors with access to Riskalyze’s risk assessment technology across different business channels.

Lincoln’s advisors already had been working with solutions including eMoney and Albridge.   “Together with the Riskalyze platform, the Lincoln technology stack will offer a seamless workflow of data and processes,” the two companies said in the announcement, adding: “The addition of new risk-first technology will empower the firm’s advisors to work with clients in light of the market volatility experienced in the first half of 2020.”

Noting the Securities and Exchange Commission started enforcing its Regulation Best Interest guidelines June 30, Riskalyze and Lincoln said their agreement also “enables Lincoln advisors to leverage Riskalyze’s Reg BI products, designed to help advisors address all components of the rule, including Documentation, Care, Conflicts of Interest, and Compliance and Monitoring.”

Raymond James Among Latest Firms to Adopt 4U 

Raymond James, Eaton Vance and Janus Henderson are among the latest firms to adopt the new 4U online multimedia, management and measurement platform.

“The rapid adoption demonstrates how financial services firms have collaborated to create an innovation that has redefined the existing financial ecosystem, benefiting everyone,” 4U Platform said in announcing its newest adopters.

“In this age of digital connectivity, 4U and firms like ours recognize the importance of innovative, collaborative tools that enable us all in financial services … to work together efficiently in delivering content and support to advisors,” according to Michele Dillon, vice president of Private Client Group Education & Practice Management at Raymond James.

“4U continues to attract significant interest and early adoption by numerous firms, including a number of wirehouses, many independent wealth management firms, RIA platform providers and other investment product companies,” 4U said.

The platform launched in June, with initial support from firms including Morgan Stanley, Morningstar and T. Rowe Price.