Integrity Marketing Group, a Dallas-based distributor of life and health insurance, and creator and provider of wealth management and retirement planning solutions, agreed to acquire Annexus, a Scottsdale, Arizona-based insurance and financial product design and distribution company.
As part of the transaction, Ron Shurts, co-founder and CEO of Annexus, will become a managing partner of Integrity and previous Annexus investors, including funds managed by Blackstone, will sell their interests as part of the transaction, Integrity Marketing said in a press release.
Financial terms of the acquisition weren't disclosed.
Annexus develops financial and insurance products — including fixed indexed annuities and indexed universal life insurance policies — for leading insurance companies. Since its founding in 2006, Annexus has served over half a million Americans with their retirement needs.
In 2022, Annexus expects to place approximately $7 billion in annuity premium and $150 million in target life insurance premium.
The Nashville-based RIA platform unveils a branded digital workflow solution designed to fix the onboarding gap that frustrates financial advisors.
Despite relying heavily on Social Security for retirement income, many older Americans doubt the program will deliver full benefits in the future.
BlackRock data shows workers without a financial cushion are far more likely to raid their 401(k) — and less likely to ever start contributing.
With just a small fraction of eligible kids enrolled ahead of the July 4 launch, experts warn lower-income families could be falling behind.
When even perfect portfolios come under pressure from fear or greed, a disciplined and balanced framework can make for better investing decisions.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
