LifeHealthPro: Joining the M&A bandwagon
Jefferson National’s leadership role in the RIA Market is recognized in the article entitled “Joining the M&A Bandwagon: Penn Mutual to Aquire Vantis Life.”
In this latest article, LifeHealthPro Editor Warren Hersch notes that “Coveting new markets and distribution channels, mergers among life insurers are continuing apace” The latest is an agreement, announced by The Penn Mutual Life Insurance Co. to acquire Vantis Life Insurance Co.
The author notes that “The Penn-Mutual-Vantis Life deal comes on the heels of Nationwide’s blockbuster acquisition of Jefferson National. Announced on September 28, that acquisition will avail Nationwide of Jefferson National’s registered investment advisors (RIAs) and fee-based advisors, a distribution network of 4,000-plus financial professionals who sell investment products and services. Chief among them: Monument Advisor, a flat-fee variable annuity platform that offers consumers access to 380-plus tax-advantaged investment options from over 30 mutual fund families.”
Read the full article, here.