Prudential Collabs with Dimensional, FIDx on Retirement Income

Prudential Financial, Inc. has plans to collaborate with Dimensional Fund Advisors and Fiduciary Exchange LLC (FIDx) to bring protected lifetime income strategies to managed accounts via the FIDx Insurance Overlay marketplace.

“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.”

FIDx’s Insurance Overlay marketplace connects insurance carriers, wealth management platforms and advisors. 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.”