Fiduciary Change (FIDx) introduced Thursday a strategic partnership with Ebix Inc. a software program and companies supplier to the insurance coverage, monetary, healthcare and e-learning industries. Ebix might be finest recognized to monetary advisors for its CRM providing, usually utilized by advisors within the insurance coverage trade or hybrid advisors that do a whole lot of insurance coverage or annuity enterprise.
On this case, FIDx can be gaining higher entry to Ebix’s annuity market expertise and thereby increasing supply of a streamlined course of for advisors that need to convey annuities into shopper portfolios. The FIDx, Ebix partnership will act as a bridge between insurance coverage carriers and wealth managers, offering the latter with larger entry to a pool of annuity choices.
Additionally on account of this partnership, advisors utilizing the Envestnet Insurance coverage Change will now have entry to the annuities on the Ebix market.