Envestnet Inc. (NASDAQ: ENV) stock declined by 0.67% at the last close whereas the ENV stock price surges by 6.48% in the pre-market trading session. Envestnet, Inc. is revolutionizing the way financial advice and wellness services are provided. ENV’s objective is to bring new technology, solutions, and intelligence to advisors and financial service providers so that everyone may achieve financial health.
Current update
Prior to the start of trading on Wednesday, June 9, S&P Dow Jones Indices will make the following modifications to the S&P MidCap 400:
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Sponsored
- CoreLogic Inc. will be replaced by Targa Resources Corp. CoreLogic is being acquired by Stone Point Capital and Insight Partners in a deal that is scheduled to close soon, assuming final closing conditions.
- TCF Financial Company will be replaced by Envestnet Inc. Huntington Bancshares Inc., an S&P 500 company, is purchasing TCF Financial in a deal that is expected to close soon, subject to final closing conditions.
Significant Development
Envestnet, Inc. and FIDx, a system that combines insurance products with financial planning platforms and other providers, have announced that AIG Life & Retirement annuity plans are now accessible through their integrated system. The addition of AIG Advisory annuities which is a package of fee-based fixed, index, and variable products, to the Envestnet Insurance Exchange, Envestnet | MoneyGuide, and Halo platforms, as well as explicitly through FIDx’s Protection Intelligence platform, broadens the range of annuities available to financial advisors.
FIDx’s objective to extend annuity distributions and equip financial advisors with income and security options from premier solution providers to fulfill customer demands is being strengthened with this acquisition. The AIG Advisory suite of products, which includes the Polaris Advisory variable annuity, the Power Index Advisory index annuity, and the Assured Edge Advisory fixed annuity, provides guaranteed lifetime earnings, future revenue growth potential, asset security, and liquidity options with no withdrawal fees.