In 2016, the agency acquired backing from HGGC, a non-public fairness agency, and it then used the help from HGGC and two different companies, Harvest Companions and Silver Lake, to make many acquisitions of life insurance coverage companies, medical insurance companies and different monetary companies companies.
In 2021, when it introduced the connection with Silver Lake, it stated it had relationships with 420,000 brokers and advisors, together with 10 million purchasers. It reported $7 billion in gross sales per 12 months and $20 billion in property below administration and advisement by means of RIA and broker-dealer applications.
Different firms which have been constructing large monetary companies distribution companies by means of acquisitions embrace AmeriLife, which has relationships with 300,000 brokers and advisors; Simplicity Group; and NFP, which was not too long ago acquired by Aon.
The technique: Tom Dempsey, Integrity Advertising’s chief distribution officer, stated within the wealth unit launch announcement that the agency takes a democratized method that expands People’ entry to complete planning companies.
The agency can also be emphasizing that its dimension and entry to capital assist it to make use of know-how to make holistic planning work extra easily, by creating help companies methods which might be designed to work collectively.
Bryan Adams Credit score: Integrity Advertising