Adviser Product Partnerships – 8/30/23

IPX Retirement Partners with Higginbotham and Verity for 403(b) and 457 Plan Offerings

IPX Retirement will provide its master recordkeeper and plan governance program solutions to benefits provider Higginbotham and financial advisory Verity Advisors LLC.

The firms will have access to IPX’s recordkeeping and PGP services with the goal of simplifying administration and reducing plan costs in 403(b) and 457 plans.

“Participants want choices in retirement investment providers but also low costs, consistent oversight, and support from trusted advisers,” Kevin Grant, president of Higginbotham executive benefits, said in a statement. “IPX has the most effective platform we’ve found to help us offer that kind of seamless experience to Texas educators.”

IPX also recently partnered with Verity Advisors to offer a plan governance solution in conjunction with their Vyntanna program for North Carolina school districts.

Advisers Have Leveraged Fiduciary Exchange LLC to Book $1B in Annuity Contracts

Fiduciary Exchange LLC, or FIDx, announced financial advisers have used its platform for more than $1 billion in new annuity contracts since the platform’s full market launch in September 2021.

The FIDx platform links financial advisers with leading insurance carriers and ensures that annuities are integrated as an asset class alongside traditional investments in client portfolios, according to the announcement. The product is designed to enhance operational efficiency for advisers, their firms, and insurance carriers.

“This achievement goes beyond merely processing new business,” Rich Romano, FIDx’s CEO, said in a statement. “We’re focused on empowering advisers with comprehensive ways to seamlessly incorporate annuities into portfolios for their clients. In line with this vision, we’ve recently surpassed $50 billion in active annuity accounts managed on our platform.”

Integrity Partners with Community Care Agency to Reach Asian American Seniors

Integrity Marketing Group LLC, a distributor of health insurance, and provider of retirement planning solutions, announced it has partnered with Community Care Agency to reach Asian American seniors with its product offerings.

Community Care Agency is an insurance agency based in Dallas, Texas,  led by Jimmy Lee and Grace Tran. Focusing on the Asian-American market, Community Care Agency works to eliminate language barriers through education in native languages.

The partnership will provide Community Care with Integrity’s insurance technology platform designed to help agents bring the best benefit options to clients. The offering includes Integrity’s AI-powered Ask Integrity to connect agents to clients in faster time.

“We bridge the communication gap between the carriers and consumers to ensure that the seniors we serve fully understand their coverage options,” Tran, vice president of Community Care Agency, said in a statement. “With Integrity’s technology, we can keep our communities up to date and offer more support and better training to our agents.”