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Digital Digest: The Latest Tech News - Envestnet, Alphastar

Editorial Staff

26 May 2020

Alphastar Capital Management
Alphastar Capital Management, a US-registered investment advisor, has launched Envestnet Insurance Exchange, an offering from Envestnet, the New York-listed wealth management systems firm.

The launch is part of a strategic partnership between Financial Independence Group and Fiduciary Exchange. EIE is an insurance network providing access to insurance carriers and their annuity products alongside traditional managed investment accounts on the Envestnet platform.

The Envestnet Insurance Exchange provides end-to-end management of annuity solutions, from pre- to post-issuance. Alphastar advisors can plan, research, generate proposals, open policies, manage in-force transactions, and create client reports within the Envestnet platform.

“This is a game changer in the investment management space that elevates the advisor/client experience to a new level,” Brian Williams, managing partner of Alphastar and co-chief executive of Financial Independence Group, said. 

Envestnet and FIDx have secured a line-up of annuity solutions from AIG Life & Retirement, Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National Life Insurance Co, Nationwide, Prudential Financial, and Transamerica. The Envestnet Insurance Exchange supports a wide range of both commission- and fee-based annuities.