NU Online News Service, Feb. 10, 2004, 5:07 p.m. EST – M Financial Group, Portland, Ore., says sales were great in 2003.[@@]
The national financial services marketing consortium increased insurance sales 13%, to $877 million.[@@]
Sales of annuities increased 36%, to $179 million, and sales of long term care insurance increased 25%, to $1.8 million.
Revenue at M Holdings Securities, the group’s broker-dealer, rose only 4%, but proprietary mutual fund assets climbed 48%, to $437.8 million.