FIDx Announces Bill Crager, Former Envestnet CEO, Joins Board of Directors

BERWYN, Pa., March 4, 2025 /PRNewswire/ -- Fiduciary Exchange LLC (FIDx), a leader in the drive to revolutionize the delivery of insurance solutions, today announced that Bill Crager, former CEO of Envestnet, has joined its Board of Directors. Crager brings decades of experience in financial services and technology to FIDx, where he will provide strategic guidance as the company continues to expand its reach and impact. 

"Bill's vision and leadership in our industry are unparalleled," said Paul Hondros, chairman of the FIDx Board of Directors. "His insights and expertise will be invaluable as FIDx continues its mission to transform the way insurance solutions are delivered. Bill was present at the creation of FIDx and helped shape our long-term strategy while providing strategic and tactical mentorship to our team since the beginning."  

The addition of Crager to the FIDx Board of Directors marks a noteworthy milestone in the company's eight-year journey. His leadership, industry knowledge, and technology expertise will be instrumental in guiding FIDx's strategic direction and driving continued growth, according to Rich Romano, CEO of FIDx.

"We are thrilled to welcome Bill to the FIDx Board of Directors," said Mr. Romano. "His deep understanding of the financial landscape, coupled with his proven track record of leading the powerhouse that is Envestnet, will be instrumental as we continue to grow. Bill's vision for the future has always aligned with our mission to empower advisors with the tools and solutions they need to deliver better outcomes for their clients."

Crager has been a prominent figure in the wealth management industry for more than 20 years. He co-founded Envestnet in 1999 and served as CEO from 2019 to 2024, leading the company through a period of growth and transformation. Under his leadership, Envestnet became a leading provider of integrated technology solutions for financial advisors, with a focus on data aggregation, financial planning, and investment management. Envestnet is an important strategic partner and investor in FIDx, which is available through the Envestnet platform and gives financial advisors access to annuity products. His expertise in developing holistic financial planning offerings and leveraging data aggregation to enhance the advisor-client experience will be particularly valuable to FIDx.  

"I am excited to join the FIDx Board and contribute to the company's mission of making insurance solutions more accessible and efficient for advisors and their clients," said Mr. Crager. "FIDx is at the forefront of innovation in the insurance industry, and I believe the company has tremendous potential to transform the way insurance is delivered."

Crager's appointment to the FIDx Board comes at a time of significant momentum for the company. FIDx has recently introduced several new products and services, including FIDx Desk, an outsourced insurance desk for RIAs and fee-based advisors, and the Insurance Overlays marketplace, a digital marketplace developed in collaboration with Prudential Financial. The company has also continued to expand its partnerships with leading insurance carriers to grow its Insurance Exchange, a technology platform that simplifies the distribution of annuities for advisors.

About FIDx
FIDx is the leading platform for revolutionizing the delivery of insurance solutions in wealth management. The company's innovative technology and deep industry expertise empower advisors to seamlessly integrate insurance into their clients' financial plans, helping them achieve better outcomes. FIDx is committed to providing advisors with the tools and resources they need to succeed in the ever-evolving wealth management landscape.

To learn more, please visit https://fidx.io/ and follow FIDx on LinkedIn.

About Bill Crager
Bill Crager is a seasoned financial services and technology executive with over 20 years of experience in the wealth management industry. He co-founded Envestnet in 1999 and served as CEO from 2019 to 2024. Under his leadership, Envestnet became a leading provider of integrated technology solutions for financial advisors. Crager is a recognized thought leader in the wealth management space and has been featured in numerous industry publications.  

SOURCE Fiduciary Exchange, LLC (FIDx)