Prudential joins forces with Dimensional and FIDx

Prudential Financial is partnering with Dimensional Fund Advisors and FIDx to offer lifetime income options through the FIDx marketplace. This provides new retirement income solutions for investors working with financial advisors.

“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. 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.” – Ann Nanda, head of Future Growth Initiatives at Prudential Retirement Strategies.

“Retirement solutions are essential building blocks of a client portfolio. 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.” – FIDx CEO Rich Romano.

“We are committed to delivering the best possible investment experience to financial professionals and their clients. We look forward to working with Prudential and FIDx to bring our well-diversified, low-turnover systematic strategies to more retirees and their advisors nationwide.” – Savina Rizova, co-chief investment officer and global head of research at Dimensional.