July
18, 2019
AmeriLife Group, which markets and distributes annuity, life and
health insurance products, has acquired a majority interest in Brookstone
Capital Management, a leading SEC-Registered Investment Advisory (RIA) firm.
Brookstone provides fee-based asset management services. The
acquisition creates "one of the largest independent marketing and RIA
organizations in the U.S.," AmeriLife said in a news release.
The combined organization will have more than $3.5 billion in
annual life, health and annuity premiums and $2.7 billion in assets under
management (AUM). Brookstone’s founder, Dean Zayed, will continue to serve as
CEO of Brookstone, and he will assume responsibility as the president of
AmeriLife’s new Investment Advisory Services division.
Brookstone will continue to operate from its Wheaton, Ill.
headquarters.
“Partnering with Dean and the Brookstone team is a major step
toward AmeriLife’s strategic goal of providing full-service insurance,
retirement and legacy planning services to our agents, advisors and clients.”
said Scott R. Perry, CEO of AmeriLife. “Brookstone’s comprehensive investment
management platform, education and training resources, and operational and
marketing support enable advisors to start and grow a successful investment
advisory practice.
"These capabilities will be tremendous assets for our
thousands of insurance and annuity-based career and independent agents who are
looking to expand their businesses to include investment advisory services, and
for our many experienced Series-65 licensed investment advisor representatives
(IARs) who will gain access to a superior platform of investment models and IAR
services delivered by a top-notch fiduciary team.”
Financial Advisor Magazine and Financial Times have ranked
Brookstone as one of the nation’s largest and fastest-growing RIA firms.
Through a network of over 400 affiliated advisors and firms, Brookstone
provides more than 24,000 pre-retirees and retirees with investment strategy
and asset management services.
The firm offers an open-architecture platform featuring a
variety of investment managers and solutions that complement annuities and
other insurance products. The portfolios managed by Brookstone are tailored to
each client’s unique risk tolerance and financial goals for asset accumulation,
retirement income and legacy planning.
“We are excited to welcome AmeriLife as an equity partner and
believe this strategic alliance will bring tremendous value to our affiliated
advisors and agents, their clients and the industry as a whole,” said Zayed.
“Brookstone was one of the first RIAs to build a fiduciary-based turnkey
investment platform specifically supporting insurance-licensed retirement advisors,
and now, by integrating these two leading firms into one all-inclusive
platform, affiliated advisors and agents will have access to a broader set of
financial strategies to more comprehensively serve their clients’ financial
needs.
"As AmeriLife’s new Investment Advisory Services division,
Brookstone will be well-positioned to work together in partnership with
AmeriLife’s entire distribution system to offer advisors a broader solution
set.”
About AmeriLife
AmeriLife is a national leader in developing, marketing and distributing annuity, life and health insurance solutions to enhance the lives of pre-retirees and retirees. For nearly 50 years, AmeriLife has partnered with the nation’s leading insurance carriers to provide value and quality to customers served through a national distribution network of over 140,000 insurance agents and advisors, 20 marketing organizations, and 50 insurance agency locations. Visit www.AmeriLife.com and follow us on Facebook, Twitter and LinkedIn.
AmeriLife is a national leader in developing, marketing and distributing annuity, life and health insurance solutions to enhance the lives of pre-retirees and retirees. For nearly 50 years, AmeriLife has partnered with the nation’s leading insurance carriers to provide value and quality to customers served through a national distribution network of over 140,000 insurance agents and advisors, 20 marketing organizations, and 50 insurance agency locations. Visit www.AmeriLife.com and follow us on Facebook, Twitter and LinkedIn.
About Brookstone Capital Management
Founded in 2006, Brookstone Capital Management (BCM) is an SEC-Registered Investment Advisory firm providing fee-based asset management services through its niche network of more than 400 financial advisors and firms. As an open-architecture Turnkey Asset Management Platform (TAMP), Brookstone offers advisors a wide array of investment strategies. Founder and CEO Dean Zayed established Brookstone with the singular goal of forging strategic relationships with independent advisors to comprehensively support all aspects of their fee-based advisory business. Visit www.BrookstoneCM.com for more information.
Founded in 2006, Brookstone Capital Management (BCM) is an SEC-Registered Investment Advisory firm providing fee-based asset management services through its niche network of more than 400 financial advisors and firms. As an open-architecture Turnkey Asset Management Platform (TAMP), Brookstone offers advisors a wide array of investment strategies. Founder and CEO Dean Zayed established Brookstone with the singular goal of forging strategic relationships with independent advisors to comprehensively support all aspects of their fee-based advisory business. Visit www.BrookstoneCM.com for more information.
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