Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
AmeriLife's building in Clearwater, Florida. (Photo: AmeriLife)

Life Health > Annuities > Fixed Annuities

AmeriLife Names Mike Vietri to Lead $7.2B Asset Wealth Arm

Your article was successfully shared with the contacts you provided.

AmeriLife Group has named separate managers for its wealth and health distribution teams — and pointed out that it now has $7.2 billion in assets under management.

AmeriLife is a Clearwater, Florida-based financial distribution company that has used private equity firm backing to grow rapidly. The company has closed on 65 acquisitions since 2020 and added 350,000 insurance agent and financial advisor relationships.

The company announced that Mike Vietri will be the chief distribution officer for its wealth group and Scotty Elliott will be the chief distribution officer for its health group.

What It Means

Thanks to the rise of private equity firms, you might find yourself working with, or competing with, more and more big financial services firms that seem to come out of nowhere.

AmeriLife’s CDOs

Vietri has been AmeriLife’s chief distribution and marketing officer since 2016. He has managed health distribution as well as life and annuity distribution through field marketing organizations and a large network of brokers.

His organization now works with about 120 affiliates and agencies and generates.

Vietri will oversee Saybrus Partners, which AmeriLife acquired from Nassau Financial Group, along with other large distribution organizations, such as TruChoice Financial Group, Icon and Brookstone.

His team will handle medically underwritten life insurance products.

Elliott, who has been CEO of One Life America, and who began working for AmeriLife in 2019, has been president of life and health brokerage distribution.

Elliott will oversee distribution of simplified issue life insurance and direct-to-consumer distribution as well as Medicare plan distribution.

Other Insurance People News

New York Life says Craig DeSanto will succeed Ted Mathas as the chair of its board on April 15. DeSanto assumed the president and CEO titles from Mathas last April.

MassMutual picked Eric Partlan, the head of portfolio management, to succeed Tim Corbett as chief investment officer. Corbett plans to retire on March 1. Corbett has overseen the company’s investments since 2011. Partlan has been with MassMutual since 2004. The company has about $220 billion in general investment account assets.

Securian Financial named Suzette Huovinen president and CEO of its Securian Asset Management subsidiary, which ended 2022 with $42 billion in assets under management. She succeeds Sean O’Connell, who plans to retire in July. Huovinen has been Securian’s senior vice president of finance.

Pictured: AmeriLife’s building in Clearwater, Florida. (Photo: AmeriLife)


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