Libra Insurance Partners and Insurance Designers of America have agreed to merge, creating one of the largest independently owned life insurance marketing organizations in the United States.
The combined company will operate under the Libra Insurance Partners brand and will have more than 110 affiliated partner agencies. J. Craig Collins, who was president of Insurance Designers of America, will serve as executive vice president and chief relations officer of Libra.
The merger will take effect Jan. 1, the companies said in a release.
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
