Simplicity Group Holdings, an insurance distributor, has acquired another distributor — First Income Advisors LLC.
Simplicity is a Summit, New Jersey-based company that has been an active buyer of life insurance, annuity and investment product distribution businesses. In April, it acquired Fidelity Financial Group of Houston.
(Related: Simplicity Acquires Annuity and Life Distributor)
First Income Advisors is an 8-year-old independent marketing organization (IMO) that’s based in Eden Prairie, Minnesota.
The firm has developed a mentoring program, the First Income Advisors Coaching Platform, that helps financial professionals learn how to market themselves, locate prospects, build an office, and close sales.