Allianz Life Available on Envestnet’s Platform

Investment advisors have a new resource available on the Envestnet platform to help them better incorporate insurance solutions into their client’s portfolio through a strategic partnership announced today between Allianz Life and wealth management technology company Envestnet.

Allianz Life’s entire portfolio of annuity products will be available on the Envestnet Insurance Exchange, including both advisory- and commission-based annuities. The Envestnet Insurance Exchange, announced this past May, integrates insurance solutions into the wealth management process on the Envestnet platform to further streamline and enhance advisors’ ability to deliver the lifecycle of advice. With this new partnership, advisors at banks, broker-dealers, independent insurance agencies and registered investment advisors (RIAs) throughout the US will be able to research and potentially recommend Allianz Life annuity solutions as an option for their clients.

“We have consistently heard from advisors that they want to offer more holistic solutions to help their clients achieve their financial goals. Having our annuity products available on the new Envestnet Insurance Exchange helps meet that need with the added benefit of it being available on an easy-to-use online platform.” – Chief Distribution Officer at Allianz Life, Tom Burns.

“We’re proud to have Allianz Life as one of our partners on the new Envestnet Insurance Exchange . By offering the company’s annuities, advisors in the Envestnet network will have innovative retirement solutions at their fingertips and will be able to streamline their practice and provide more holistic advice to their clients.” – President of Envestnet , Bill Crager.

Fun Fact: In June, Global Atlantic Financial Group became the first carrier to offer annuities on the platform.