FIDx Secures Growth Capital with Support from Major Insurers for Future Expansion

FIDx Secures Equity Capital to Accelerate Growth

In a significant strategic move, Fiduciary Exchange, LLC (FIDx) has announced the closing of a new round of growth capital aimed at enhancing the company’s offerings and expanding its influence in the Insurtech sector. This announcement was made on June 17, 2025, with Prudential Financial, Inc. serving as the lead investor. Notable participation also came from industry giants such as Franklin Templeton, Invesco LLC, and Axonic Insurance Services.

Rich Romano, the CEO of FIDx, expressed enthusiasm about the new investors, particularly Prudential’s ongoing support. He stated, "We are excited to add Franklin Templeton, Invesco, and Axonic to our strategic investor group and highly value Prudential's ongoing leadership and commitment to our growth. This capital raise demonstrates the broader industry's confidence in and recognition of the vision and strategy that FIDx continues to execute."

FIDx is on a mission to empower financial professionals by providing integrated tools that facilitate seamless connections between them, insurance companies, and asset managers. After nearly a decade of operation, FIDx has established itself as a crucial player in the industry, collaborating with over 20 leading insurance carriers and asset management firms. The company offers a range of commission- and fee-based insurance products to financial advisors, enhancing their capability to serve clients effectively.

One of the primary challenges facing financial advisors today is integrating retirement income solutions, such as annuities, into their clients’ financial plans. FIDx addresses this challenge by eliminating barriers posed by outdated systems, thus making these insurance solutions more accessible. Ann Nanda, who leads Future Growth Initiatives and Distribution Enablement for Prudential Retirement Strategies, underscored this by saying, "At Prudential, we are committed to expanding access to retirement security by empowering advisors with more effective and integrated tools. FIDx is a key innovator in this space, providing platforms that connect wealth managers with lifetime income strategies."

The recent investment also marks a pivotal moment, as asset managers have now joined the cap table for the first time. Investors Franklin Templeton and Invesco have highlighted the importance of FIDx's innovative role within the advisory landscape. Roger Paradiso, Head of Custom Client Solutions at Franklin Templeton, noted, "The connectivity between wealth managers and insurance providers enabled by FIDx is key to integrating insurance and income strategies into holistic client solutions."

Invesco's Head of Americas Distribution, John McDonough, added, "Our investment in FIDx reflects Invesco's commitment to delivering innovative retirement solutions that help advisors and their clients achieve greater financial security. By integrating FIDx's powerful technology with our investment expertise, we're expanding access to lifetime income and decumulation strategies essential for today's evolving retirement landscape."

Throughout its journey, FIDx has been dedicated to not only connecting advisory firms with insurance carriers but also ensuring that these integrations enhance the overall client experience. The company prides itself on being an independent technology firm that simplifies the process for advisors, allowing them to focus on delivering comprehensive and tailored financial advice that can help clients achieve their financial goals.

The infusion of new capital will empower FIDx to expand its innovations further and develop more integrated solutions that address the complex needs of both financial advisors and their clients as the landscape of retirement planning continues to evolve. As they look toward the future, FIDx remains steadfast in its commitment to transforming the advisory experience and delivering valuable services that enhance financial security for a wide range of clients.

For those interested in learning more about FIDx and its innovative approaches to integrated financial solutions, visit their official website at www.fidx.io and follow them on LinkedIn to stay updated on their latest developments.