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.