Prudential, Dimensional Fund Advisors and FIDx Collaborate to Help Reinvent Retirement Income in Wealth Management
Prudential Financial (NYSE: PRU) announced a collaboration with Dimensional Fund Advisors and Fiduciary Exchange (FIDx) to integrate protected lifetime income strategies into managed accounts through FIDx's Insurance Overlay marketplace. This initiative aims to expand retirement security access for clients working with registered investment advisors (RIAs).
The collaboration builds upon existing relationships, including the Prudential MyRock Advisor Variable Annuity available through FIDx's broker dealer, and incorporates Dimensional indices within Prudential's FlexGuard registered index-linked annuity suite and SurePath fixed indexed annuities.
FIDx's Insurance Overlay marketplace provides a unified platform where advisors can access, evaluate, execute, and manage insurance-based solutions, streamlining comprehensive financial planning for retirement solutions.
Prudential Financial (NYSE: PRU) ha annunciato una collaborazione con Dimensional Fund Advisors e Fiduciary Exchange (FIDx) per integrare strategie di reddito protetto a vita nei conti gestiti attraverso il marketplace Insurance Overlay di FIDx. Questa iniziativa ha l'obiettivo di ampliare l'accesso alla sicurezza pensionistica per i clienti che lavorano con consulenti finanziari registrati (RIA).
La collaborazione si basa su relazioni esistenti, inclusa la Prudential MyRock Advisor Variable Annuity disponibile tramite il broker dealer di FIDx, e incorpora gli indici Dimensional nella suite di pensioni collegate agli indici di Prudential, FlexGuard, e nelle pensioni indicizzate fisse SurePath.
Il marketplace Insurance Overlay di FIDx offre una piattaforma unificata dove i consulenti possono accedere, valutare, eseguire e gestire soluzioni basate su assicurazione, semplificando la pianificazione finanziaria complessiva per le soluzioni pensionistiche.
Prudential Financial (NYSE: PRU) anunció una colaboración con Dimensional Fund Advisors y Fiduciary Exchange (FIDx) para integrar estrategias de ingresos vitalicios protegidos en cuentas gestionadas a través del mercado Insurance Overlay de FIDx. Esta iniciativa tiene como objetivo expandir el acceso a la seguridad de jubilación para los clientes que trabajan con asesores de inversión registrados (RIA).
La colaboración se basa en relaciones existentes, incluida la Prudential MyRock Advisor Variable Annuity disponible a través del corredor de bolsa de FIDx, e incorpora los índices Dimensional en la suite de anualidades vinculadas a índices de Prudential, FlexGuard, y las anualidades fijas indexadas SurePath.
El mercado Insurance Overlay de FIDx proporciona una plataforma unificada donde los asesores pueden acceder, evaluar, ejecutar y gestionar soluciones basadas en seguros, simplificando la planificación financiera integral para soluciones de jubilación.
프루덴셜 파이낸셜 (NYSE: PRU)는 디멘셔널 펀드 어드바이저스 및 피듀셔리 익스체인지 (FIDx)와 협력하여 FIDx의 보험 오버레이 시장을 통해 관리 계좌에 보호된 평생 소득 전략을 통합한다고 발표했습니다. 이 이니셔티브는 등록 투자 자문사(RIA)와 함께 일하는 고객을 위한 퇴직 보안 접근을 확대하는 것을 목표로 하고 있습니다.
이 협업은 FIDx의 브로커 딜러를 통해 제공되는 프루덴셜 마이록 어드바이저 변동 연금과 같은 기존 관계를 기반으로 하며, 프루덴셜의 플렉스가드 등록 지수 연결 연금 제품군 및 SurePath 고정 지수 연금에 디멘셔널 지수를 통합합니다.
FIDx의 보험 오버레이 시장은 자문사가 보험 기반 솔루션에 접근, 평가, 실행 및 관리할 수 있는 통합 플랫폼을 제공하여 퇴직 솔루션에 대한 포괄적 재무 계획을 간소화합니다.
Prudential Financial (NYSE: PRU) a annoncé une collaboration avec Dimensional Fund Advisors et Fiduciary Exchange (FIDx) pour intégrer des stratégies de revenus à vie protégés dans des comptes gérés via le marché Insurance Overlay de FIDx. Cette initiative vise à élargir l'accès à la sécurité de la retraite pour les clients travaillant avec des conseillers en investissement enregistrés (RIA).
La collaboration repose sur des relations existantes, y compris la Prudential MyRock Advisor Variable Annuity disponible via le courtier de FIDx, et intègre les indices Dimensional dans la gamme d'annuités indexées liée aux indices FlexGuard de Prudential et les annuités fixes indexées SurePath.
Le marché Insurance Overlay de FIDx offre une plateforme unifiée où les conseillers peuvent accéder, évaluer, exécuter et gérer des solutions basées sur l'assurance, simplifiant ainsi la planification financière globale pour les solutions de retraite.
Prudential Financial (NYSE: PRU) gab eine Zusammenarbeit mit Dimensional Fund Advisors und Fiduciary Exchange (FIDx) bekannt, um geschützte lebenslange Einnahmestrategien in verwaltete Konten über den Insurance Overlay-Marktplatz von FIDx zu integrieren. Diese Initiative zielt darauf ab, den Zugang zur Altersvorsorge für Kunden, die mit registrierten Anlageberatern (RIAs) arbeiten, zu erweitern.
Die Zusammenarbeit baut auf bestehenden Beziehungen auf, einschließlich der Prudential MyRock Advisor Variable Annuity, die über den Broker von FIDx verfügbar ist, und integriert Dimensional-Indizes in Prudentials FlexGuard registrierte indexgebundene Rentenversicherungssuite sowie in die SurePath fixen Indexrentenversicherungen.
Der Insurance Overlay-Marktplatz von FIDx bietet eine einheitliche Plattform, auf der Berater auf versicherungsbasierte Lösungen zugreifen, bewerten, umsetzen und verwalten können, wodurch die umfassende Finanzplanung für Alterslösungen vereinfacht wird.
- Strategic expansion into RIA market through FIDx platform integration
- Enhancement of existing product offerings with Dimensional Fund Advisors
- Streamlined access to insurance-based solutions through single platform
- None.
Insights
This strategic collaboration between Prudential, Dimensional Fund Advisors and FIDx represents a significant shift in how retirement income products are delivered to wealth management clients. The integration of protected lifetime income strategies into managed accounts through FIDx's Insurance Overlay marketplace is poised to transform the RIA service model.
The partnership leverages Prudential's established annuity products, including the MyRock Advisor Variable Annuity and FlexGuard suite, while incorporating Dimensional's systematic investment strategies. This creates a more streamlined, efficient platform for RIAs to access and implement insurance-based solutions within their clients' portfolios.
Think of this as building a new highway system for retirement products - instead of advisors having to navigate complex back roads to access different insurance solutions, they now have a direct, efficient route through a single platform. This efficiency could lead to broader adoption of protected income solutions in wealth management, potentially increasing Prudential's market penetration in the RIA channel.
The technology infrastructure being developed through this collaboration addresses a critical gap in the wealth management technology stack. FIDx's Insurance Overlay marketplace essentially creates an API-like interface between insurance products and managed accounts, solving a long-standing integration challenge in the industry.
This technological advancement could significantly reduce operational friction and increase adoption rates of insurance products among RIAs, who have historically been hesitant to incorporate these solutions due to implementation complexities. The streamlined platform could drive higher transaction volumes and improved market share for Prudential in the RIA channel.
For investors, think of this like having all your favorite apps integrated into one smartphone instead of carrying multiple devices. This integration makes it easier for advisors to incorporate protection features into client portfolios, potentially leading to better retirement outcomes.
“Working with Dimensional and FIDx to bring protected lifetime income strategies to managed accounts is a key step in advancing Prudential’s commitment to expanding access to retirement security for more people,” said Ann Nanda, head of Future Growth Initiatives at Prudential Retirement Strategies. “This collaboration will extend relationships beyond existing offerings such as the Prudential MyRock Advisor Variable Annuity currently available to RIAs through FIDx’s broker dealer, and builds upon our retirement relationship with Dimensional, which currently includes a Dimensional index within Prudential’s FlexGuard registered index-linked annuity suite and the addition of a Dimensional index within our SurePath suite of fixed indexed annuities.”
Savina Rizova, co-chief investment officer and global head of research at Dimensional, highlighted the importance of this joint focus, stating, “We are committed to delivering the best possible investment experience to financial professionals and their clients. We look forward to working with Prudential and FIDx to bring our well-diversified, low-turnover systematic strategies to more retirees and their advisors nationwide.”
Prudential’s ongoing teamwork with FIDx continues to demonstrate both companies’ focus on helping more Americans protect their life’s work so they can live better lives, longer. FIDx’s Insurance Overlay marketplace connects insurance carriers, wealth management platforms and advisors. Now, through a single platform, advisors can access, evaluate, execute and manage insurance-based solutions, improving comprehensive financial planning.
“Retirement solutions are essential building blocks of a client portfolio,” said FIDx CEO Rich Romano. “FIDx’s mission is to simplify the way these products are delivered to the industry. Our Insurance Overlay marketplace lets advisors easily add longevity, income and protection directly to a managed account, enabling them to remain focused on helping clients achieve their retirement goals.”
About Prudential
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately
About Dimensional Fund Advisors
Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, we help investors pursue higher expected returns through a systematic investment process that integrates research insights with advanced portfolio design, management, and trading while balancing trade-offs that can impact returns. Dimensional is headquartered in
About FIDx
Fiduciary Exchange LLC (FIDx) is an insurance technology platform that integrates the brokerage, insurance and advisory ecosystems for annuities and insurance tools and access to solutions from the industry’s leading carriers. FIDx technology is integrated within the same wealth management platforms advisor firms already use every day to better enable advisors to deliver comprehensive advice and help clients reach their goals.
For information about Prudential Retirement Strategies’ protected income solutions, visit prudential.com/personal/annuities/products.
Annuities are issued by Pruco Life Insurance Company and its affiliates,
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MEDIA:
Claire Currie
973-802-4040
claire.currie@prudential.com
Source: Prudential Financial, Inc.
FAQ
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