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Life Health > Life Insurance

Simplicity Acquires Annuity and Life Distributor

By Allison Bell

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Simplicity Group Holdings, an insurance distributor, has acquired another distributor — Fidelity Financial Group.

(Related: Simplicity Acquires LTC Hybrid Distributor)

Simplicity is an insurance distributor based in Summit, New Jersey. It has acquired companies such as Dressander & Associates Inc. and InsurMark.

Fidelity Financial Group, which has no connection with Fidelity Investments, is a Houston-based company that wholesales life insurance and indexed annuities. The company was founded in 1988 and now has relationships with about 1,000 financial professionals.

Terry Feuchtinger and Reid Juul, the former owners of Fidelity Financial Group, are now principals at Simplicity, Simplicity says.

The acquired business keep its current offices and employees, but it will start moving toward adopting the Simplicity Houston brand immediately, Simplicity says.

Simplicity says it has now acquired a total of 15 companies.

“Simplicity will continue to add new businesses to its platform over the coming years,” the company says.

— Read Simplicity Group Acquires Davis Life, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on Facebook, LinkedIn and Twitter.

Allison Bell

Think_Allison

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NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.