NU Online News Service, June 5, 2003, 12:31 p.m. EDT – Financial Industries Corp., Austin, Texas, says it is acquiring three companies that sell financial services to teachers for up to $6.9 million in cash and stock.
Financial Industries owns an actuarial consulting firm and a unit that sells and underwrites life insurance and annuities.
The companies acquired are:
? Total Compensation Group Consulting Inc., Austin, a fee-based registered investment advisor that designs and runs teacher retirement plans.
? Paragon Benefits Inc., Austin, a firm that sells annuities, life insurance and supplemental insurance to teachers, city employees and state employees through 20 managed agents.