HARTFORD, Conn. – National independent insurance distribution company Futurity First Financial Corporation (FFFC) announced July 29 that it has acquired M3 Financial, a national annuity IMO based in New York City.
M3 Financial was founded in 2007 by Mike Bartolotta. Mike is an industry-leading expert in annuity and life insurance distribution. He and his M3 Financial team have been innovators in helping partner agencies, financial advisors and insurance agents market fixed and fixed indexed annuities on an efficient basis. M3 has been a leading distributor for many insurance companies for several years. Mike will continue to be President of M3 Financial and play a key role in business development for FFFC.
The acquisition of M3 significantly enhances FFFC's capabilities in all distribution channels, but particularly in the rapidly growing financial advisory/broker-dealer channel where fixed and fixed indexed annuities are increasingly being used as part of diversified retirement planning solutions. The acquisition is the second by FFFC this year (FFFC acquired Minnesota-based annuity and life insurance IMO Imeriti Financial Network in May) and will broaden the market position of the FFFC group of companies as one of the largest distributors of fixed annuities and life insurance in the US.
“We are thrilled to have M3 as part of the FFFC network of companies,” said Mike Kalen, CEO of FFFC. “Their passion for innovation and helping advisors position fixed and fixed indexed annuities as part of an overall retirement plan is clear and compelling. Their New York City presence gives us a huge market advantage with registered reps, broker-dealers and RIAs who are increasingly using fixed and fixed indexed annuities as part of their retirement planning with their clients. M3 now gives FFFC a sales and service presence in every major region in the United States.”
Bartolotta added that FFFC has a strong national platform and is an excellent partner for M3 to continue to expand its markets and sales. “They have become a thought leader in the DOL, as well as having service capabilities and the necessary scale to take us to the next level,” Bartolotta said. “We look forward being part of their team.”
With the acquisition, Hartford-based FFFC will have 140 employees in seven offices. The company continues to pursue a strategy of growth by identifying specific opportunities to expand its reach and benefit its customers.
About FFFC: Futurity First Financial Corporation (FFFC)is a nationwide, independent insurance distribution company focused on the sale of annuities, life insurance and other financial products.Our three subsidiaries are Dressander|BHC, one of the leaders in the fixed annuity industry in providing secure retirement solutions, Imeriti Financial Network, a top life and annuity IMO and leading IUL educator and M3 Financial, a leading annuity IMO focused on financial institutions and partner firms.FFFC is now one of the top 3 independent marketing organizations in the U.S. and distributes more than $3 billion of retirement and life insurance products each year from the top-rated insurance carriers.FFFC supports advisors in all 50 states with over 3,500 producing agents, 100 partner agencies and 30 broker-dealer partners. For more information, visit www.fffcct.com or call Corrine Boisvert at 860-724-4509.
- Millennials' love/hate relationship with insurance
- Glad you asked: The 5 most important things to know about life insurance
- "Do-It-Yourselfers" not as capable as they think at managing finances
- Carriers using simplified issue to tap into uninsured market
- May's Disability Insurance Awareness Month campaigns focus on younger working adults; small business owners
- 5 reasons to immediately ramp up your efforts to recruit female advisors
- Med Supp market sees 6% growth in 2016 according to new data
- Consumers want simple, transparent life insurance buying options: 2017 Insurance Barometer Study