Highland Capital Brokerage acquires Hallett Financial Group and Quotacy

BIRMINGHAM, Ala., January 10, 2022 / PRNewswire / – Highland Capital Brokerage, a national life insurance and annuity distribution company and a subsidiary of Advisor Group, today announced the acquisition of Hallett Financial Group, an independent insurance brokerage agency based at Minneapolis, as well as Hallett Financial’s sister company, Quotacy, an insurance company.

The acquisitions of Hallett Financial and Quotacy, both owned and operated by seasoned insurance industry leaders, Brothers Jeremy hallett and Ryan hallett – enable Highland Capital to significantly increase the scale and capabilities of its business, while expanding the segments of the life insurance and annuities markets that the company currently serves.

Founded in 1990, Hallett Financial is an independent, full-service, multi-operator brokerage firm specializing in life insurance, annuity, disability and long-term care products. The firm supports independent financial advisers and insurance producers to help them meet the needs of their clients.

Quotacy, established in 2014, provides consumers with an easy online shopping experience for term life insurance. The platform also provides consumers with access to more complex solutions such as whole life and disability insurance, as well as educational materials to help them choose the best product for their needs.

Strengthen Highland Capital’s leadership in the industry

Jim gelder, CEO of Highland Capital Brokerage, said: “The insurance and annuities industry is changing rapidly, in terms of the types of consumers looking to access these essential products, as well as how carriers, brokers , advisors and producers connect with potential clients. By acquiring Hallett Financial and Quotacy, we are positioning Highland for increased industry leadership to drive the growth and success of finance professionals across the country, while allowing our company to connect directly with consumers who typically choose not to work with a financial professional for their insurance needs. “

“Combining Hallett Financial and Quotacy with Highland Capital is part of our broader vision of delivering industry-leading capacity, expertise and long-term value to an ever-expanding sample of the insurance market- life and consumer annuities, ”continued Mr. Gelder.

“And we have undertaken these transactions at a time when economic, demographic, technological and industrial trends have made the provision of financial solutions that protect assets and income of critical importance to many segments of our population.”

Brands, leadership and strategy for the future

Going forward, Hallett Financial will become an office of Highland Capital Brokerage while Quotacy will continue under its current brand. The Hallett brothers will continue to hold leadership positions at both companies.

Highland, through Hallett Financial’s relationships with independent financial advisers and insurance producers, will be able to work with these professionals to serve clients outside the footprint of the corporate organizations that make up its traditional clientele. Meanwhile, thanks to Quotacy, Highland will be able to enter the burgeoning direct-to-consumer market, which largely includes younger, digital-native customers more accustomed to executing financial transactions online. . Additionally, Quotacy, combined with Highland’s existing EasyLife platform, will now provide partner organizations with a variety of tools and resources to assist them in their insurance distribution efforts.

Jeremy hallett, CEO of Hallett Financial, said: “These acquisitions mark the start of a new chapter for Hallett Financial and Quotacy. These businesses are closely linked to our family, as well as the vision our father set out years ago for helping consumers find the insurance and annuity products that meet their needs. Our legacy and this core mission will not only live on, but thrive for years to come, with Hallett Financial and Quotacy joining the Highland team. We look forward to what the future holds for the insurance and annuities industry, as well as for Highland, and to be a part of it. “

Transactions closed on December 31, 2021. Financial terms were not disclosed.

Mr. Gelder concluded: “We are delighted with the areas of growth that we will unlock by integrating these exceptional companies into our organization. At its core, our business is focused on building stronger, longer-term, trusting relationships with clients, and these acquisitions allow us to do so on a larger scale than ever before, through professional and direct channels. to consumers. We welcome the Hallett Financial and Quotacy teams to the Highland family with open arms, and look forward to whatever we can accomplish together. “

About Highland Capital Brokerage

Highland Capital Brokerage is a national life insurance and annuity distribution company that provides point-of-sale support, advanced marketing, and creative estate and business planning techniques to financial advisors and insurance professionals. We provide these services in an efficient, customer-focused environment that spans carrier and product expertise, underwriting negotiation, and full back-office processing. Our core competencies include life insurance, annuities and longevity planning. Highland offers objective access to major insurance companies, advanced planning support, risk underwriting expertise and administrative processing to insurance brokers, financial planners and various institutions such as banks, communications agencies and chartered accountancy firms. To learn more about Highland Capital Brokerage, visit www.highlandbrokerage.com. Securities by authorized persons offered by Securities America, Inc. A registered broker / dealer, FINRA member, SIPC.

About the Advisor Group

Advisor Group, Inc. is the largest national network of independent wealth management firms, serving approximately 10,100 financial professionals and overseeing more than $ 475 billion in client assets. The firm’s mission is to support the strategic role that advisers can play in the lives of their clients. Cultivating a spirit of entrepreneurship and independence, Advisor Group defends the lasting value of finance professionals and is committed to being by their side every step of the way. For more information visit https://www.advisorgroup.com.

Securities and investment advisory services are offered by the following companies: FSC Securities Corporation, Royal Alliance Associates, Inc., SagePoint Financial, Inc., Triad Advisors, LLC and Woodbury Financial Services, Inc., brokers, advisors investment registered and members of FINRA and SIPC. Securities are offered by Securities America, Inc., a broker and member of FINRA and SIPC. Advisory services are offered by Arbor Point Advisors, LLC, Ladenburg Thalmann Asset Management, Inc., Securities America Advisors, Inc. and Triad Hybrid Solutions, LLC, registered investment advisers. The advisory programs offered by FSC Securities Corporation, Royal Alliance Associates, Inc., SagePoint Financial, Inc. and Woodbury Financial Services, Inc., are sponsored by VISION2020 Wealth Management Corp., a registered affiliate investment advisor. Advisor Group, Inc. is a subsidiary of these companies. 20 E. Thomas Rd., Ste. 2000, Phoenix, Arizona, 85012, 866.481.0379.

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SOURCE Highland Capital Brokerage