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.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
