Prudential, Dimensional Fund Advisors and FIDx Collaborate to Help Reinvent Retirement Income in Wealth Management

By: Prudential Financial, Inc. via Business Wire

January 14, 2025 at 09:30 AM EST

Prudential Financial, Inc. (NYSE: PRU) today announced plans to collaborate with Dimensional Fund Advisors and Fiduciary Exchange LLC (FIDx) to bring protected lifetime income strategies to managed accounts via the FIDx Insurance Overlay marketplace. This initiative is designed to further meet the evolving needs of retirement investors who partner with registered investment advisors (RIAs), in a new, innovative way.

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

Savina Rizova, co-chief investment officer and global head of research at Dimensional, highlighted the importance of this joint focus, stating, “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.”

Prudential’s ongoing teamwork with FIDx continues to demonstrate both companies’ focus on helping more Americans protect their life’s work so they can live better lives, longer. FIDx’s Insurance Overlay marketplace connects insurance carriers, wealth management platforms and advisors. Now, through a single platform, advisors can access, evaluate, execute and manage insurance-based solutions, improving comprehensive financial planning.

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

About Prudential

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of Sept. 30, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years. For more information please visit news.prudential.com.

About Dimensional Fund Advisors

Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, we help investors pursue higher expected returns through a systematic investment process that integrates research insights with advanced portfolio design, management, and trading while balancing trade-offs that can impact returns. Dimensional is headquartered in Austin, Texas, and has 15 global offices across North America, Europe, Asia, and Australia. As of Sept. 30, 2024, Dimensional manages $794 billion for investors worldwide. For more information, please visit dimensional.com.

About FIDx

Fiduciary Exchange LLC (FIDx) is an insurance technology platform that integrates the brokerage, insurance and advisory ecosystems for annuities and insurance tools and access to solutions from the industry’s leading carriers. FIDx technology is integrated within the same wealth management platforms advisor firms already use every day to better enable advisors to deliver comprehensive advice and help clients reach their goals.

For information about Prudential Retirement Strategies’ protected income solutions, visit prudential.com/personal/annuities/products.

Annuities are issued by Pruco Life Insurance Company and its affiliates, Newark, NJ (main office). Variable annuities are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. Both are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations.

1084654-00001-00