FDx Advisors, Inc.

FDx Advisors, Inc. provides investment advisory and consulting services to institutional clients—banks, trust companies, broker-dealers, other registered investment advisers, and institutional retirement plans—primarily acting as a sub-adviser and platform provider. Services include access to a Unified Overlay Management Program, discretionary and non‑discretionary overlay execution, and separately managed account (SMA) support for clients that then use those services with their end customers.

The firm’s investment approach relies on proprietary analytics (including a capital markets framework using Black–Litterman and inverse optimization) and the selection and oversight of third‑party “Alpha Providers” and SMA managers through the Envestnet PMC research process. FDx provides both implementation/execution as an Overlay Manager and access to approved strategies, and it monitors strategies using Envestnet’s quantitative and qualitative due diligence and ongoing reconciliation processes.

Compared with many peers, FDx is notable for its integration with a broader Envestnet group that includes affiliated broker‑dealers and an insurance agency (and a FINRA‑member affiliate that supports annuity distribution), and for serving other investment advisers as institutional clients rather than retail individuals. The firm also uses a mix of fee arrangements—negotiated asset-based fees alongside fixed, set‑up and annual fees and program administration charges—and makes proprietary offerings (e.g., ActivePassive™ ETFs) and third‑party manager selections available on its platform; it does not operate as a private fund adviser.