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Dallas—June 22, 2023— Hilltop Securities Inc. (HilltopSecurities) has announced a collaboration with Fiduciary Exchange LLC (FIDx), a technology firm that connects financial professionals to insurance companies through its integrated technology platform. The collaboration will give the financial professionals across HilltopSecurities and its affiliate broker-dealer, Momentum Independent Network Inc. (MIN), access to the FIDx-powered Envestnet Insurance Exchange.
The Envestnet Insurance Exchange is a digital platform for financial professionals to assess annuity products from leading insurance carriers and incorporate them into client portfolios. The platform has a broad selection of commission- and fee-based annuity products and provides end-to-end management of annuity solutions, from pre- to post-issuance.
“Our core focus is to support our financial professionals and equip them with the tools and solutions they need to help their clients reach their goals,” said Robert Morales, head of wealth management advisory services and products at HilltopSecurities. “We believe the Envestnet Insurance Exchange will be an important resource going forward.”
HilltopSecurities and MIN financial professionals can research and compare annuity products, generate proposals, and create client reports within the Envestnet Insurance Exchange. In addition, they can utilize Envestnet Insurance Exchange's integrated tools to support compliance requirements to monitor in-force transactions and help adhere to client investment policies.
“We are excited to collaborate with FIDx to help our financial professionals conveniently access and manage annuities so they can run a more efficient business and deliver the best possible solutions to their clients,” said Dave Kittredge, head of insurance at HilltopSecurities.
"Through our collaboration with HilltopSecurities and MIN, we are empowering financial advisors to access insurance solutions in a digital experience," said Rich Romano, chief executive officer of FIDx. “The annuity solutions on the Envestnet Insurance Exchange can be managed from end to end and integrated with other client investments in a single platform as part of their mission to help clients achieve their long-term financial goals and optimize investment outcomes.”
About Hilltop Securities Inc.
HilltopSecurities is a full-service municipal investment bank and wealth advisory firm providing a full suite of financial services for public entities, institutional investors, housing finance agencies, broker-dealers, and individual investors. Founded in 1946, its primary areas of focus include public finance, capital markets, structured finance, retail brokerage, clearing services, and securities lending. Hilltop Securities Inc.’s goal is to build long-term relationships to help communities, businesses, and individuals thrive. A wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH), HilltopSecurities’ affiliates include Momentum Independent Network, PlainsCapital Bank, and PrimeLending. Member: NYSE/FINRA/SIPC.
Fiduciary Exchange LLC (FIDx) is a technology-empowered network that seamlessly integrates the brokerage, insurance, and advisory ecosystems for annuities and insurance solutions from the industry’s leading carriers. FIDx enables advisors to access guaranteed income and downside protection insurance solutions as core components of their clients’ portfolios, integrated within the same wealth management platforms they already use every day. An independent technology firm, FIDx connects advisory firms to insurance carriers through a seamless, digitally enabled process so advisors can truly deliver comprehensive advice and help clients reach their goals.
To learn more, please visit https://fid-x.com/ and follow FIDx on LinkedIn.
Neither FIDx nor Envestnet provide any advice or make any recommendations with respect to any insurance or other financial products and do not solicit, offer or sell any insurance or other financial products. Insurance products are only sold or recommended by insurance licensed financial professionals or through a third-party intermediary licensed as an insurance agency.
Hilltop Holdings Inc. and Envestnet are separate and unaffiliated firms. This release should not be construed as a recommendation or endorsement of any particular product, service, or firm.
Hilltop Holdings Inc.