ON Investment Management (ONIMCO) has given its advisers access to Envestnet Insurance Exchange, an insurance network that offers access to insurance carriers and their annuity offerings.
Envestnet Insurance Exchange offers full range annuity solutions management starting from pre- to post-issuance.
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Access to Envestnet will enable ONIMCO’s advisers to plan, research, generate proposals, open policies, manage in-force transactions.
It will also enable them to prepare client reports within the Envestnet platform.
Furthermore, Envestnet Insurance Exchange can also help ONIMCO’s home office in licencing and appointment checks along with integrated compliance tools to monitor in-force transactions and adhering to client investment policies.
ONIMCO investment advisory second vice president Adam Mackintosh said: “By integrating annuities within the Envestnet platform our advisers can help provide clients with retirement security, while streamlining our advisory lifecycle workflow via a full digital experience.
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By GlobalData“We’re excited about the opportunity to enhance our wealth management business by providing our advisers with efficient access to protection strategies and to a technology platform that helps balance growth and security.”
Envestnet strategic initiatives head John Yackel said: “Incorporating protection strategies into the wealth management process is a major step forward in our work to develop a holistic platform that enables advisers to help customers meet their short- and long-term needs as they work toward achieving the ultimate goal—financial wellness.”
